Which of the Following Statements Concerning Market, Stop Loss and Limit

Multiple Choice

Which of the following statements concerning market, stop loss and limit orders are correct?
I. Market orders guarantee both a price and an execution.
II. Market orders guarantee an execution but not a price.
III. Limit orders guarantee a price but not an execution.
IV. Stop-loss orders may never be executed.

A) I and III only
B) II, III and IV only
C) I and IV only
D) II and IV only