Which of the Following Characterizes an Auction "Without Reserve

question 52

Multiple Choice

Which of the following characterizes an auction "without reserve"?

• A) Bidders must necessarily be merchants
• B) Sellers must necessarily be merchants
• C) Goods cannot be withdrawn after a call for bids has been made
• D) Buyers are treated as having made an offer to sell

---

Definitions:

Parallel Search

A search for information in which several stores or slots of information are simultaneously examined to match to the target.

Primacy Effect

The tendency to remember items at the beginning of a list better than those in the middle or end.

Retrograde Amnesia

A loss of memory-access to events that occurred, or information that was learned, before an injury or the onset of a disease.

Anterograde Amnesia

A memory disorder affecting the ability to form new memories following the onset of amnesia.