Which of the Following Statements Is True of Auctions

question 30

Multiple Choice

Which of the following statements is true of auctions?

• A) The organization hosting an auction collects transaction fees for the service.
• B) The number of goods sold via traditional auctions is higher than that sold via online auctions.
• C) Goods already having a set price in the marketplace are usually auctioned.
• D) Online auctions are based on the barter business model.

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Definitions:

Augmented Reality (AR)

A technology that overlays digital information or media, such as 3D models or videos, on the real world as viewed through a device's camera.

Virtual Reality (VR)

A simulated experience created with software, often immersive, that can mimic or create entirely different environments.

Hologram

A three-dimensional image created with photographic projection, which appears to be fully formed and real from certain angles.

Behavioral Risks

Activities or behaviors that increase the likelihood of negative outcomes affecting health or safety.