Auction with reserve Study guides, Class notes & Summaries

Private value auctions - Answer- Value is subjective and different to each bidder Private value auctions - Answer- Value is subjective and different to each bidder Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest b...

Texas Auctioneer License-Part 1 questions and answers 100% guaranteed success. Does an auctioneer need a federal firearms license? - correct answer. Yes AND No; if estate sale then no, consignment sale then yes If an auctioneer sales a firearm away from their business location, how do they transfer to buyer? - correct answer. It must be returned to their business location before transferring. Who determines the auctioneers fee in federal bankruptcy court? - correct ...

CFP Practice Test 2023 CFP Standards of Conduct Sections (6) - CORRECT ANSWER-A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct - CORRECT ANSWER-Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Disclose and Manage Conflicts of Interest ...

LEVERAGE BUYOUT (WALL STREET PREP) QUESTIONS AND CORRECT VERIFIED NSWERS 2023/2024 GRADED A+. 2 / 22 1. What is a leveraged buyout (LBO)?: In a leveraged buyout, a private equity firm(often called the financial sponsor) acquires a company with most of the purchase price being funded through the use of various debt instrumentssuch asloans, bonds.The financial sponsor will secure the financing package ahead of the closing of thetransaction and then contribute the remaining amount. Once th...

Auctioneer Exam Questions With 100% Correct Answers 2024 Auction - answermethod 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 - answerany person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for rec...

CFA Level 1 Exam 58 Questions with Answers 2023 What are the 4 types of measurement scales? - CORRECT ANSWER 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? - CORRECT ANSWER Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different ty...

Does an auctioneer need a federal firearms license? - Yes AND No; if estate sale then no, consignment sale then yes If an auctioneer sales a firearm away from their business location, how do they transfer to buyer? - It must be returned to their business location before transferring. Who determines the auctioneers fee in federal bankruptcy court? - The court sets the fee. Who must obtain a firearms license? - Persons in the business of importing, manufacturing, or dealing in firearms, o...

Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer. ‘Offeree’: Person to whom the offer is made. ‘Expression’: May t...

QUESTIONS AND ANSWERS

Auction Exam Questions With 100% Correct Answers Absentee Bid - answerA procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or auction company. The particular rules and procedures of absentee bids are unique to each auction company. Absentee Bidder - answerA person (or entity) tha...