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Author Question: What is the difference between an open outcry auction and a sealed bid auction? What will be an ... (Read 41 times)

altibaby

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on: Jun 29, 2018
What is the difference between an open outcry auction and a sealed bid auction?
 
  What will be an ideal response?

Question 2

Unlimited personal liability is a disadvantage for
 
  A) sole proprietorships and partnerships. B) partnerships and corporations.
  C) sole proprietorships and corporations D) corporations.


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ghepp

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Reply #1 on: Jun 29, 2018
Answer to Question 1

In an open outcry auction, bids are public and bidders compete actively against one another. In a sealed bid auction bidders place their bids privately and simultaneously, so that no bidder knows the bids other have submitted.

Answer to Question 2

A


altibaby

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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