Which of the following is true for an auction without reserve?
A) The bidder is considered the offeror.
B) The seller need not accept the highest bid.
C) The goods on sale cannot be withdrawn.
D) The auctioneer is not allowed to set a minimum bid.
C
You might also like to view...
Key jobs are uncommon and have unstable content, making them very difficult to evaluate using pay surveys.
Answer the following statement true (T) or false (F)
Public relations includes developing good will with the following stakeholders except:
a. employees b. customers c. community d. government e. industry trade associations
The two most powerful keys to audience comprehension and retention during a presentation are good organization and ________
A) professionally designed slides B) intentional repetition C) a structured question-and-answer period at the end of the presentation D) a dynamic and entertaining presentation style
The production opportunities that exist in the economy represents one of the four fundamental factors that affect the:
A. creditworthiness of investors. B. cost of money. C. liquidity of securities. D. political risk that is inherent in an economy. E. maturity of an investment.