Examlex
An information systems development company routinely creates a password that they do not disclose to their clients.In that way, the development company can bypass any security the client adds on later if the system needs maintenance.The client's information system is therefore at greatest risk for:
English Auction
A bidding process where the price of the item for sale ascends with each bid, and the highest bid at the auction's close wins.
Reservation Price
Maximum price that a customer is willing to pay for a good.
Bargaining Power
The ability of a party (individual, group, company) to exert influence over the terms and conditions of an agreement or negotiation.
Winner's Curse
The Winner's Curse is a phenomenon that occurs in auctions, where the winner tends to overpay due to estimating the value of an item more highly than its true value.
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