Online Auctions Such as EBay Are the Most Common Form

question 6

True/False

Online auctions such as eBay are the most common form of nonmerchant ecommerce.

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Definitions:

Probability

A measure of how likely it is for an event to occur, expressed as a number between 0 and 1, with 1 indicating certainty.

Investments

Assets or items acquired with the goal of generating income or appreciation in value over time.

Risk-averse

Describes individuals or entities that prefer to avoid risk and would rather choose an option with a certain outcome over one with potentially higher but uncertain returns.

Chance

The occurrence of events in the absence of any predictable pattern or cause, associated with the concepts of probability and randomness.