Reverse Auctions Are One Method That Uses the Internet to Facilitate

question 3

Multiple Choice

Reverse auctions are one method that uses the internet to facilitate sales of products and services.Reverse auctions tend to provide the price advantage for:

• A)the vendor
• B)the licensee
• C)the wholesaler
• D)the broker
• E)the customer

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Definitions:

Formal Charge

The official accusation made against a person by authorities, initiating legal action.

Criminal Offense

An act or omission punishable by law as forbidden by statute or injurious to the public welfare.

Arraignment

The initial court appearance of a defendant, where charges are read and the accused responds by entering a plea of guilty, not guilty, or no contest.

Presumption Of Innocence

The principle that a person is considered innocent until proven guilty in a court of law.