Which of the Following Statements About IBEX Is False

question 68

Multiple Choice

Which of the following statements about IBEX is false?

• A) It is a virtual marketplace designed to overcome the limitation of searching for vendors on the net
• B) Because IBEX is not a private network but an internet service, users expect IBEX to provide greater security for transactions
• C) Companies that have IBEX software can enter offers to buy or sell, which are then matched
• D) Once an agreement is reached, IBEX offers both parties the ability to review each other's profiles
• E) It was launched by the U.S. Chamber of Commerce

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Definitions:

Tax

Mandatory financial charge imposed by a government on individuals, companies, or transactions to fund public expenditures.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating economic benefit.

Tax

Compulsory financial charges or other types of levies imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the higher price they actually receive, representing the benefit to producers.