Benefits of E-Auctions to Buyers Include

question 10

Multiple Choice

Benefits of e-auctions to buyers include

• A) liquidating large quantities quickly.
• B) higher repeat purchases.
• C) optimal price setting determined by the market.
• D) opportunities to find unique items.

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Definitions:

ERISA

The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to protect individuals in these plans.

Minimum Funding Requirements

Regulated benchmarks that pension plans or other forms of retirement funds must reach to ensure they have sufficient assets to meet future obligations.

Plan Assets

Investments and other assets held by a pension or retirement plan to fund the benefits promised to participants.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures under which financial statements are prepared, applicable within a specific jurisdiction or country.