Each of the following statements concerning fill-or-kill orders and all-or-none orders are TRUE except:
A) an FOK order must be filled in its entirety.
B) an FOK order must be canceled if the whole order cannot be executed immediately.
C) an AON order must be canceled if the whole order cannot be executed immediately.
D) an AON order must be filled in its entirety.
Answer: C) an AON order must be canceled if the whole order cannot be executed immediately.