What Does It Mean If an Auction Is with Reserve

question 20

Multiple Choice

What does it mean if an auction is with reserve?

• A)Unless otherwise stated,the auctioneer has the right to withdraw the item before the fall of the hammer.
• B)The auctioneer must sell to the highest bidder.
• C)Even after the fall of the hammer,the auctioneer can accept other bids.
• D)The items for sale have a minimum price.

---

Definitions:

Perceived Equity

An individual's belief regarding the fairness of their treatment in comparison with others, especially in terms of workload and rewards.

Performance/Satisfaction Relationship

The correlation between how well someone performs at their job and their level of job satisfaction.

Lawler and Porter

Scholars known for their contributions to the understanding of motivation and management, particularly in relation to rewards and employee performance.

Work Attitude

The set of beliefs, feelings, and thoughts about work that significantly affects an employee's job performance.