Auction Bidding Process Quiz

Auction Bidding Process Quiz

Assessment

Interactive Video

Business

11th - 12th Grade

Hard

Created by

Jennifer Brown

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the starting bid for the rare painting from Maryland's lifetime?

£500,000

£450,000

£420,000

£400,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was leading the bid at £500,000?

Paddle 831

Veronica

Gus Grandland

The room

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what price did the bidding reach a million pounds?

£950,000

£1,100,000

£1,000,000

£1,050,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was the final bidder against Gus?

Another telephone bidder

Paddle 831

The room

Veronica

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the final winning bid for the painting?

£1,100,000

£1,020,000

£1,050,000

£1,000,000