However, unlike exchanges, ATS has no members (ATS has "subscribers") and has no regulatory liability. An ATS can trade listed stocks like a stock exchange, but unlike a stock exchange, an ATS can also trade unlisted stocks (also known as OTC stocks) and fixed income securities such as bonds.
The main similarity between broker-dealer networks, alternative trading systems, and registered stock exchanges is that they are all some kind of market for buying and selling securities, either stocks or bonds.
What are alternative trading systems(ATS)?
An Alternative Trading System (ATS) is an SEC-regulated electronic trading system that matches orders between buyers and sellers of securities. ATS is not a domestic stock exchange. However, ATS can apply to the SEC to become a domestic stock exchange.
What is a registered stock exchange?
A registered stock exchange that has filed and approved a registration statement with the SEC. All major US stock exchanges are registered with the SEC under the Securities Exchange Act of 1934.
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Answer:B. So that the growth can be carefully monitored and managed
Explanation: Management is an act of planing,coordinating and the executing responsibilities in order to improve efficiency.
When a company grows the number of managers are expected to increase so that the activities of the organization is effectively coordinated,growth can be properly and efficiently monitored and managed.
If growth is not efficiently monitored and managed it will hinder the overall performance of the organization.
Answer:
Amount in flexible budget of cost of direct material for the month of November shall be $93,456
Explanation:
Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.
Here, for the month of November
Actual activity = 7,920 units
Standard material cost = $11.80 per unit
Amount in flexible budget based on actual quantity of output shall be
7,920 
$11.80 = $93,456
Actual cost = $93,926
Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456
