English auctions - Study guides, Class notes & Summaries

2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? - correct answer Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types of probabilities? - correct answer 1. Empirical Probability (Past data) 2. Priori Probability (Formal reasoning) 3. Subjective ...

Private value auctions - Answer- Value is subjective and different to each bidder Private value auctions - Answer- Value is subjective and different to each bidder Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest b...

CFA LEVEL 1 QUESTIONS WITH CORRECT ANSWERS What are the 4 types of measurement scales? 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types of probabilities? 1. Empirical Probab...

CIPS L6M8 - Innovation in Procurement and Supply Supply chain integration Supply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours to enhance innovation Pellathy identified 3 key behaviours that affect how individuals engage with each other: 1, Task behaviours - how an individual executes tasks of their role 2, Organisational citizenship - the quality of a person's in...

Auctions Exam with 100% verified questions and answers With auctions you want to win the auction... - CORRECT ANSWER at the lowest possible price; With auctions you want to maximize... - CORRECT ANSWER discrepancy/difference between maximum willingness to pay and price actually paid. Auctions are used to. - CORRECT ANSWER price and allocate an increasingly wide variety of good services. Example of auction in NZ (digital TV switchover) - CORRECT ANSWER Digital TV switchover in 2014 fr...

Auctions Exam with latest questions and answers Objectives of an auction - CORRECT ANSWER Federal gov auctions off airwaves -government agencies auction of contracts - Developers sometimes auction off condos (candy Factory) First price sealed bid auction (common) - CORRECT ANSWER - Here bidders submit sealed (secret) bids - The high bid wins - The winner pay his or her bid ascending bid (english) auction (common) - CORRECT ANSWER - Here people bid Sequentially - the bids are publ...

Jim is haggling with a car dealer, along with another customer, over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position would improve if a. The other customer leaves b. He receives an offer from a competing car dealer c. He can make it clear that he will leave if his offer isn't accepted d. All of the above To attract more bidders, and more aggressive bidders, to your common-value auction a. do not hold ...

E-Commerce Test 11 &12 Questions with Verified Answers 4 defining elements of social networks online or offline - CORRECT ANSWER a group of people / a shared interaction / common ties among members / people who share an area for some period List and describe 4 types of auctions - CORRECT ANSWER English auction / Dutch Internet auction / Name Your Own Price Auction / Penny Auction Why has the FTC warned consumers about penny bidding auctions - CORRECT ANSWER Because they have to pay ...

Summary *2024* LPC Commercial Law & Intellectual Property (CLIP) – BPP Distinction Level Notes & Step-by-Step Exam Solutions What is the difference between unilateral and a bilateral contract? Bilateral - parties assume obligation to each other. Unilateral - 1 party makes an offer for an act to be performed by other party/parties. Relevant statute to put in answer Sale of goods in a B2B context (governed by SGA 1979 and UCTA 1977) -SGSA 1982 For contract terms and exemptions questions T...

Spectrum Auctions and Effective Competition Exam with Updated Questions and Answers Why are spectrum auctions held? What are the goals? - CORRECT ANSWER 1 - *Missing* markets e.g. radio spectrums are rarely traded 2 - Demand for some frequency bands typically *exceeds* supply at low prices 3 -*Uncertainty* about • Value • Amount and quality required by users 4 -Other assignment properties e.g. lotteries • Historically susceptible to *process interference* (lobbying & corrupt...