This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In two or three paragraphs, define the term reserve price and explain how the use of a reserve price ... (Read 65 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jul 7, 2018
In two or three paragraphs, define the term reserve price and explain how the use of a reserve price can affect the progress and outcome of an auction.

Question 2

In about 100 words, describe two or three specific apps that could use a smartphones GPS capability. Be sure to make clear the benefit of using the GPS in the app in each case.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 7, 2018
Answer to Question 1

A minimum bid is the price at which an auction begins. If no bidders are willing to pay that price, the item is removed from the auction and not sold. In some auctions, a minimum bid is not announced, but sellers can establish a minimum acceptable price, called a reserve price, or simply reserve. If the reserve price is not exceeded, the item is withdrawn from the auction and not sold.

Answer to Question 2

GPS-based apps can be used in precision farming to provide field mapping, soil sampling, and tractor guidance. GPS can also be used in apps that provide an audit trail for financial transactions.


hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
Reply #2 on: Jul 7, 2018
Correct answers!


princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jul 7, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Grevy's zebras in Samburu National Reserve. Grevy's zebras in Samburu National Reserve.
A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr
Long Term Control Medications Long Term Control Medications
Oil sands reserve in the world Oil sands reserve in the world
Please fully explain in detail Please fully explain in detail
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library