What Is a Business-To-Business (B2B) Marketplace in Which a Single

question 49

Multiple Choice

What is a business-to-business (B2B) marketplace in which a single buyer posts its needs and then opens the bidding to any supplier who would care to bid?

• A) Reverse auction
• B) Private exchange
• C) Private auction
• D) Reverse exchange

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Definitions:

Home Equity Indebtedness

Debt secured by a qualified residence that exceeds the acquisition indebtedness, with interest on such debt often being deductible under U.S. tax law.

Acquisition Indebtedness

Debt incurred in acquiring, constructing, or substantially improving a qualified residence of the taxpayer, and secured by the residence.

Qualified Residence Interest

Interest paid on a mortgage for a primary or secondary residence, which can be deductible for taxpayers who itemize deductions.

Deductibility

The extent to which an expense can be subtracted from gross income to reduce taxable income and lower the tax liability.