What is the basic order of the auctioning process?
A) Promotion and Scheduling, Bidding, Settlement
B) Auction Configuration, Promotion and Scheduling, Buyer and Seller Registration, Bidding, Bid Evaluation, Settlement
C) Bidding, Bid Evaluation, Settlement
D) Buyer and Seller Registration, Promotion and Scheduling, Auction Configuration, Bid Evaluation, Bidding, Settlement
E) Promotion and Scheduling, Buyer and Seller Registration, Bidding, Bid Evaluation, Settlement

Question

Quizplus · Accepted Answer

The basic order of the auctioning process typically involves configuring the auction, promoting and scheduling it, registering buyers and sellers, allowing for bidding, evaluating the bids, and settling the transaction. Choice B includes all of these steps in the correct order. The other choices are missing one or more key steps or have them out of order.

What Is the Basic Order of the Auctioning Process