Which of the Following Statements Is True of Online Auctions

question 91

Multiple Choice

Which of the following statements is true of online auctions?

• A)It is a cost-effective method for selling excessive inventory.
• B)It is based on the barter business model.
• C)It is a method used to bring buyers and sellers together in a real marketplace.
• D)It is useful in setting the price of goods when their price has already been set.

---

Definitions:

Depression

A severe and prolonged downturn in economic activity characterized by high unemployment, falling prices, and decreased production, or clinically, a mental health disorder marked by persistent sadness and lack of interest.

United Mine Workers

A labor union that represents coal miners in the United States and Canada, advocating for workers' rights and safety since its founding in 1890.

Industrial Freedom

The concept of allowing industries to operate with minimal government intervention, emphasizing free markets and competition.

John Lewis

John Lewis was an American politician and civil rights leader who served as a U.S. Representative for Georgia's 5th congressional district from 1987 until his death in 2020, known for his role in the Civil Rights Movement.