All of the following types of auctions involve single units except:
A) English auction.
B) Dutch Internet.
C) Name Your Own Price auction.
D) penny auction.
Question 2
In the design phase of decision making, selecting a principle of choice or criteria means that
A) if an objective model is used with hard data, all decision makers will make the same choice.
B) risk acceptability is a subjective concept and plays little part in modeling.
C) using well-designed models guarantees you success in real life.
D) optimality is not the only criterion for acceptable solutions.
