Within the context of different types of e-auction fraud,bid shielding is sometimes called ________.
A) bid skimming
B) bid luring
C) reverse bidding
D) shill bidding
E) rafter bidding

Question

Quizplus · Accepted Answer

Bid shielding occurs when one bidder gets another bidder to place a high bid on an item and then submits a lower bid themselves to win the item at a lower price. This is often done with the help of a shill bidder, who works in conjunction with the shielded bidder to manipulate the auction in their favor. Therefore, the best choice is D, shill bidding.

Within the Context of Different Types of E-Auction Fraud,bid Shielding