Which of the Following Statements Concerning Market and Limit Orders

Multiple Choice

Which of the following statements concerning market 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