Which of the following is true for an auction with reserve?
A. The seller retains the right to refuse the highest bid and withdraw the goods from sale.
B. An invitation to make an offer is not allowed.
C. An auctioned item cannot be withdrawn from the auction after an offer has been made.
D. A bid cannot be withdrawn and is legally binding from the moment it is made.
Answer: A
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Which of the following is not a significant challenge related to valuation issues for audits of merger and acquisition transactions?
a. Valuing the assets upon acquisition. b. Valuing the liabilities upon acquisition. c. Measuring restructuring charges. d. Measuring the qualifications of personnel from the acquired company.
The market for two-way radios is disappearing. A company with a small share of the two-way radio market would be considered a ________ in terms of the BCG growth-market share matrix
A) problem child B) dog C) cash cow D) star E) question mark
Briefly describe one criticism of path–goal theory.
What will be an ideal response?
On March 1 . Suki Corporation entered into a firm commitment to purchase specialized equipment from the Sashimi Trading Company for ¥80,000,000 on June 1 . The exchange rate on March 1 is ¥100 = $1 . To reduce the exchange rate risk that could increase the cost of the equipment in U.S. dollars, Suki pays $20,000 for a call option contract. This contract gives Suki the option to purchase
¥80,000,000 at an exchange rate of ¥100 = $1 on June 1 . On June 1 . the exchange rate is ¥105 = $1 . How much did Suki save by purchasing the call option (answers rounded to the nearest dollar)? a. $20,000 b. $27,619 c. $47,619 d. Suki would have been better off not to have purchased the call option.