Auction Type Pricing Multiple Choice Questions with Answers – PDF Download

MCQ 1: The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as:

1. Australian auctions
2. English auctions
3. Dutch auctions
4. Sealed-bid auctions

MCQ 2: Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of:

1. One seller, many buyers
2. One buyer, many sellers
3. many sellers, many buyers
4. None of above

MCQ 3: The type of auction which have many buyers and only one seller and the bidder raises the price of an offer is classified as:

1. English auctions
2. Dutch auctions
3. equalizing-bid auctions
4. Australian auctions

MCQ 4: The bidding technique in which only one bid is submitted by sellers is classified as:

1. equalizing-bid auctions
2. descending bids auction
3. ascending bids auctions
4. sealed-bid auctions

MCQ 5: Considering auction-type pricing, the techniques are involved like:

1. English auctions
2. Dutch auctions
3. Sealed-bid auctions
4. all of the above