OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

What is a 'Dutch auction' and when is it commonly used?

An auction where only Dutch items are sold A descending-price auction where the price starts high and drops until a buyer accepts — commonly used for perishable goods An auction conducted in the Netherlands only A type of silent auction

Correct Answer:

A descending-price auction where the price starts high and drops until a buyer accepts — commonly used for perishable goods

Access more questions from this quiz

Continue to OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam for more practice questions and the full quiz experience.

Access More Questions