Examlex
Which of the following is not a mechanism for monitoring a code of ethics?
Oral Auction
A public sale where goods or services are sold to the highest bidder through verbal bids.
Second-Price Auction
See Vickrey auction.
Vickrey Auction
A sealed-bid auction where the winner pays the second-highest bid instead of their own, encouraging true value bidding.
Highest Bidder
The person or entity willing to pay the most in a bidding process, typically in auctions.
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