Which of the Following Is an Example of a Quoted-Price

question 8

Multiple Choice

Which of the following is an example of a quoted-price market?

• A)Streetcash, a website that allows buyers to negotiate product prices with the sellers
• B)Vidwom, a website that allows buyers to bid for items sold by other users
• C)Gramspot, a website where cars are auctioned by sellers for charity
• D)Nile, a website that allows sellers to sell their products for a fixed price

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Definitions:

Comprehensive Income

The total change in equity for a business enterprise during a period from transactions and other events and circumstances from non-owner sources.

Other Comprehensive Income

Elements of income that are not included in net income, including items like foreign currency translation adjustments and unrealized gains or losses on securities.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the business.

Comprehensive Loss

Reflects the total net expenses, including all losses and expenses, surpassing the total revenues and gains over a period, thereby showcasing a negative net income on the financial statements.