The whole auction process is managed by a(n) _____.
A) shill bidder
B) auctioneer
C) observer
D) seller

Question

Quizplus · Accepted Answer

The auctioneer is responsible for managing the entire auction process, including accepting bids, announcing the high bidder, and closing the auction. Shill bidders are individuals hired to drive up bidding prices, observers are simply watching the auction, and the seller is the entity selling the item, but not managing the auction itself.

The Whole Auction Process Is Managed by A(n) _____