Crime scene after Utrecht shooting
Interactive Video
•
Business, Auction, Other
•
9th - 12th Grade
•
Hard
Wayground Content
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of an auction?
To allow buyers to bid and compete for items
To distribute free items to the public
To negotiate prices between two parties
To sell items at a fixed price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of auction involves bidders submitting sealed bids?
Reverse auction
Dutch auction
Sealed-bid auction
English auction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Dutch auction, how is the winning bid determined?
The lowest bid wins
The first bid wins
The bid closest to the reserve price wins
The highest bid wins
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common strategy for bidders in an auction?
Bidding the maximum amount they are willing to pay
Bidding randomly
Bidding the minimum amount possible
Waiting until the last moment to bid
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might a bidder choose to wait until the last moment to place a bid?
To confuse other bidders
To lower the final price
To avoid early competition
To increase the auction duration
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