A Specialist/DMM in ABC stock on the NYSE is approached at the same time by a floor broker who wishes to buy ABC stock at the market and another floor broker who wishes to sell ABC stock at the market.
The Specialist/DMM buys the stock from the floor broker who wants to sell; and then immediately sells that stock for $.01 more to the floor broker who wants to buy.
(a) This is an example of .

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Match the different financial task to their corresponding financial life cycle phases

In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.