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AUCTION HOUSES EXAM WITH CORRECT QUESTIONS AND ANSWERS 1. In what market do auction houses mainly operate the primary or the secondary? -ANS - secondary market 3 D's - death - debt - divorce 2. What is a lot? -ANS - an object or group of objects for sale as one unit for auction - Listed and numbered in lots 3. What is an estimated price? -ANS - For each lot there is an estimated price, that is estimated by the auction house before the sale - Low & High - Printed in catalogue ...

Auctions Exam with 100% updated questions and answers Difference between bargaining and auctions -ANS -Bargaining: one buyer; one seller; one deal -Auctions: one seller; many (potential buyers); one deal OR one buyer; many (potential buyers); one deal Types of auctions -ANS English Dutch First price, sealed bid auctions Second price, sealed bid auctions English auctions -ANS -Ascending -Open outcry by bidders until only one bidder is left -Ej: wine, art, most internet auctions D...

Indiana Auctioneer Licensure Exam with latest questions and answers A composition of copper and silver is identified as which? -ANS Pewter When weighing silver, an ounce is what part of a pound? -ANS 1/12 18 karat gold jewelry is what percent gold? -ANS .75 An alloy of tin, lead and brass or copper is characteristic of? -ANS Pewter The design of a rug from which a weaver works is called? -ANS Weft treads Thread running from the top to bottom of a run is called what? -ANS Wa...

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid -ANS The auction...

Arkansas Auctioneer Exam with updated questions and answers 2023 True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly -ANS False - The governor shall appoint the members of the Board All auctioneer licenses expire: -ANS June 30th True/False: The Arkansas Auctioneers Licensing Board has the final decision in the suspension or revocation of an auctioneer's license. -ANS False - The Auctioneers License Act indicates the "Board shall ...

PA Auctioneer Exam Multiple Choice with latest and updated questions and answers 2023 which of the following items may be handed to the buyer at auction? handguns rifles automatic rifles none of the above -ANS none of the above in business the term finance refers to: I. the raising of funds II. the prudent use of funds I only II only I and II neither I or II -ANS I and II a distinguishable characteristic in identifying a period of furniture would be: wood mixtures types of l...

PA Auctioneer Exam with updated questions and answers 2023 what is the most important tool of the auctioneer? -ANS product knowledge what is the trademark of the auctioneer? -ANS chant who is accountable and accepts ultimate responsibility of at the auction? -ANS the auctioneer when selling personal property at auction, when does the legal title pass? -ANS fall of the hammer how do you handle a tie bid that occurs at hammer's fall? -ANS at the discretion of the auctioneer how ar...

Auctioneer Exam with updated questions and answers 2023 Auction -ANS method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer -ANS any person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for recognition o...

NRCME (DOT) Exam 2023 Questions And Answers FMCSA Mission Statement (Correct Answer) To reduce crashes, injuries, fatalities involving large trucks/buses Medical Examiner (Correct Answer) Licensed, certified, registered provider who can perform PEs in accordance with laws and regulations ; registered through NRS ; has unique identifier ; passes MEC test FMCSA (Correct Answer) Federal Motor Carrier Safety Administration NRCME (Correct Answer) National Registry of Certified Medical Exami...

Certified Playground Safety Inspector Exam 2023 Playground and play in general help develop a child... (Correct Answer) SEPI (Socially, emotionally, physically and intellectually) Why are entrances important? (Correct Answer) They are social spaces and information nodes for the child and parents What is the recommended pitch for a pathway? (Correct Answer) 1:20 or 20% What are enclosures used for? (Correct Answer) They are a primary means of differentiating and articulating the child'...