In an e-marketplace, an online auction in which a buyer communicates a need for a product or service and would-be suppliers are invited to bid in competition with each other is referred to as a
A. traditional auction.
B. horizontal auction.
C. reverse auction.
D. reciprocal auction.
E. vertical auction.
Answer: C
You might also like to view...
The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery andpaying $12,700 . The old machinery originally cost $9,000 and had accumulated depreciation of $5,000 . Inrecording this transaction, Bacon Company should record
a. a loss of $1,500 b. the new machinery at $16,700 c. a gain of $1,500 d. the new machinery at $12,700
During a meeting, you were asked by the VP of Marketing to comment on the company's pricing strategy for its products. Recalling your marketing management course in college, your comments define the six situations involving product-mix pricing
List these six product-mix pricing strategies.
Which of the following is not an internal control the auditor would expect to find in place for all cash processing systems?
a. Restrictive endorsement of checks. b. Independent reconciliation. c. Walkthrough. d. Prenumbered cash receipt documents.
______ is a series of policies, programs, and initiatives that have been instituted by various entities within both government and the private sector that are designed to prefer hiring of individuals from protected groups in certain circumstances, in an attempt to mitigate past discrimination.
A. Diversity B. Affirmative action C. EEO D. Innovation