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An auction in which each bidder submits a price or bid to the auctioneer simultaneously and independently is categorized as:?

A. Dutch auction.

B. English auction.

C. Sealed bid auction.

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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/07/08
Upvote (2) Views (2) Followers (3) Answers (3) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes, Option C is the right answer.

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

C. Sealed bid auction.=================

Zehab Osman
by Zehab Osman , Accountant , Aldar Consultancy Co.

A----------------------------------------------------------

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