Which of the Following Is True About Auctions

question 48

Multiple Choice

Which of the following is true about auctions?

• A) Acceptance occurs when an offeror makes the highest bid.
• B) Bidders are treated as offerors, making offers the seller is free to accept or reject.
• C) An item cannot be withdrawn from sale prior to acceptance.
• D) The seller is required to accept the final offer when the auction is advertised as being "with reserve."

---

Definitions:

Health Expectancy

A statistical measure of how long people can expect to live without serious health issues.

Healthy Life Expectancy

The number of years a person is expected to live in good health by taking into account years lived in less than full health due to disease and/or injury.

Well-years

A measure used to describe the number of years lived in good health, free from serious illness or disability.

Secondary Prevention

Efforts to detect and treat existing diseases early in their course, aiming to prevent or mitigate complications and disabilities.