Question

13. In an _______, after the auctioneer calls for bids on an article or lot, that...

13. In an _______, after the auctioneer calls for bids on an article or lot, that article or lot can't be withdrawn unless no bid is made within a reasonable time.

A. auction without reserve

B. entitled auction

C. auction with reserve

D. enforced auction

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

solution

Different Auction Types: Absolute auction. An absolute auction is the most common type of auction in which items or properties are auctioned off to the highest bidder. Minimum bid auction. In a minimum bid auction, the bidding begins at a minimum price that the seller is willing to accept. Reserve auction. Multi-par auction.

from the data given from question

in an auction without reserve after the auctioneer calls for bids on an article or lot, that article or lot can't be withdrawn unless no bid is made within a reasonable time.

therefore

option A

A. auction without reserve

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You’ve learned a lot about Time Value of Money and know that a dollar today isn’t...
You’ve learned a lot about Time Value of Money and know that a dollar today isn’t worth the same as a dollar tomorrow. Under what circumstances would it be reasonable for you to sum total cash flows occurring at different points in time without factoring in time value of money? a. this would be reasonable of interest rates are negative b. this would be reasonable in an inflationary environment c. this would be reasonable if interest rates are positive d....
Market Design Problem: Table 1 describes the bid history for some past auction on eBay. The...
Market Design Problem: Table 1 describes the bid history for some past auction on eBay. The starting price of the auction was $699.00, and the final price (paid by the winner, bidder D, was $1,005.00. The bids given in the table are the submitted bid, and for each submitted bid the date-time at which the bid was made. The date stamp is the date at which the corresponding bidder submitted his/her bid. Give the full history of the bids, including...
Market Design Problem: Table 1 describes the bid history for some past auction on eBay. The...
Market Design Problem: Table 1 describes the bid history for some past auction on eBay. The starting price of the auction was $699.00, and the final price (paid by the winner, bidder D, was $1,005.00. The bids given in the table are the submitted bid, and for each submitted bid the date-time at which the bid was made. The date stamp is the date at which the corresponding bidder submitted his/her bid. Give the full history of the bids, including...
After reading an article about the benefits of acupuncture, a researcher decides to conduct an experiment...
After reading an article about the benefits of acupuncture, a researcher decides to conduct an experiment to determine if acupuncture has an effect on back pain. The researcher recruits 11 people with chronic back pain to participate in a study. Each participant rates his or her back pain prior to the acupuncture and following the acupuncture. Ratings are made on a 10-point scale with higher numbers indicating greater back pain. For the study described above, how much of a difference...
7. (True/False): Nested procedure calls are not permitted by the Microsoft assembler unless the NESTED operator...
7. (True/False): Nested procedure calls are not permitted by the Microsoft assembler unless the NESTED operator is used in the procedure definition. 15. What will be the final value in EAX after these instructions execute? push 5 push 6 pop eax pop eax 3. Which instruction pops the stack into the EFLAGS register? 17. Which statement is true about what will happen when the example code runs? 1: main PROC 2: mov eax,30 3: push eax 4: push 40 5:...
You deposit $11,000 annually into a life insurance fund for the next 13 years, after which...
You deposit $11,000 annually into a life insurance fund for the next 13 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 6 percent, what will be the amount in the retirement fund at the end of year 13? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))   Future value $ b. Instead of a lump sum, you...
After reading an article about the benefits of acupuncture, a researcher decides to conduct an experiment...
After reading an article about the benefits of acupuncture, a researcher decides to conduct an experiment to determine if acupuncture has an effect on back pain. The researcher recruits 11 people with chronic back pain to participate in a study. Each participant rates his or her back pain prior to the acupuncture and following the acupuncture. Ratings are made on a 10-point scale with higher numbers indicating greater back pain. Test the researcher's assumption using an alpha level = .05,...
9. A lot of corn grows in Iowa. For several years, farmers have kept track of...
9. A lot of corn grows in Iowa. For several years, farmers have kept track of the amount of rainfall (in inches) and the amount of corn produced (in bushels per acre). A strong and linear relationship has been observed between these variables. When a regression equation is constructed in order to predict amount of corn produced based on rainfall, it is found that the equation has an intercept of 89.54 and a slope of 0.13. We can conclude from...
A.) For this problem, carry at least four digits after the decimal in your calculations. Answers...
A.) For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. A random sample of medical files is used to estimate the proportion p of all people who have blood type B. (a) If you have no preliminary estimate for p, how many medical files should you include in a random sample in order to be 85% sure that the point estimate p? will be within a distance of...
20) When an offer and acceptance contain contradicting terms, the different terms A. are gap fillers....
20) When an offer and acceptance contain contradicting terms, the different terms A. are gap fillers. B. generally cancel each other out. C. generally become part of the bargain. D. materially alter an offer. 21) A written promise to pay money in the future can never be a negotiable instrument. True False 22) The UCC has been adopted, with some local variation, in all 50 states plus the District of Columbia, Puerto Rico, and the US Virgin Islands. in about...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT