Which of the Following Is a Key Difference Between Auctions

question 77

Multiple Choice

Which of the following is a key difference between auctions and clearinghouses?

• A) Auctions are used for low-value products, whereas clearinghouses are used for high-value products.
• B) Clearinghouses take title to the goods they sell, whereas auctions do not.
• C) Clearinghouses facilitate only B2B sales, whereas auctions facilitate B2B and B2C sales.
• D) Auctions support a competitive bidding process, whereas clearinghouses sell at a stated price.

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Definitions:

Exclusive Federal Power

Refers to powers reserved solely for the federal government by the constitution, prohibiting states from intervening.

Police Power

The capacity of the states to regulate behavior and enforce order within their territory for the betterment of the health, safety, morals, and general welfare of their inhabitants.

Copyrights

Legal protections granted to creators of original works of authorship, allowing them the exclusive right to use, reproduce, and distribute their work.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.