24/07/2018 E-business - - Unit 13 - Week 12

reviewer1@nptel.iitm.ac.in ▼

Courses » E-business Announcements Course Ask a Question Progress Mentor

Unit 13 - Week 12

Course
outline Week 12 Assignment
The due date for submitting this assignment has passed. Due on 2017-10-18, 23:59 IST.
How to access
the portal Submitted assignment

Week 1 1) What is “private value model” for bidder valuation of a product? 1 point
Each participant has a potentially different value for good in the question.
Week 2
Each bidder has only an estimate regarding the value which may
Week 3 change after getting price signal from other bidders.
The good in the question has same values for all the participants.
Week 4 None of the above
Week 5 No, the answer is incorrect.
Score: 0
Week 6 Accepted Answers:
Each participant has a potentially different value for good in the question.
Week 7
2) Second price auction becomes optimal ------ 1 point
Week 8
If First price auction is optimal
Week 9 If English price auction is optimal
If an appropriate reserve price is set
Week 10 If an appropriate reserve price is not set
Week 11 No, the answer is incorrect.
Score: 0
Week 12 Accepted Answers:

Lecture 58:
If an appropriate reserve price is set
Economic
3) What is Double Auction? 1 point
Considerations
in Auction
One buyer & Multiple seller
Lecture 59: One buyer & One seller
Winner
Determination
One seller & Multiple buyer
Problem Multiple seller & Multiple buyer
Lecture 60: No, the answer is incorrect.
Online auction Score: 0
issues
Accepted Answers:
Week 12:
Multiple seller & Multiple buyer
Lecture Material
4) “Negotiation” for any product is ---- 1 point
Quiz : Week 12
Assignment
One to One auction
Week 12 Many to One auction
Assignment
Solution One to Many auction

https://onlinecourses.nptel.ac.in/noc17_mg22/unit?unit=123&assessment=133 1/3
24/07/2018 E-business - - Unit 13 - Week 12

Many to Many auction

No, the answer is incorrect.
Score: 0
Accepted Answers:
One to One auction
5) What is proxy bidding? 1 point

The bid placed by the bidder himself or herself

The bid placed by the proxy system
Both (a) and (b)
None of the above
No, the answer is incorrect.
Score: 0
Accepted Answers:
The bid placed by the proxy system
6) "Unmasking" is an example of which bidding strategy?  1 point

Single bid
Multiple bid
Both (a) and (b)
None of the above
No, the answer is incorrect.
Score: 0
Accepted Answers:
Multiple bid
7) “Third degree differentiation” is when -----------------  1 point

A given product is sold at different price for different individuals.

The price of the given product is differentiated based on quantity
of purchase or utilization.
A given product is sold at different price for different group of people.
None of the above
No, the answer is incorrect.
Score: 0
Accepted Answers:
A given product is sold at different price for different group of people.
8) What is reservation price in forward auction? 1 point

The price below which the seller will not sell the product.
The price above which the seller won’t give the product.
The exact price at which the seller is willing to sell the product.
None of the above.
No, the answer is incorrect.
Score: 0
Accepted Answers:
The price below which the seller will not sell the product.
9) What is “Fee stacking” in auction?  1 point

Type of fraud using stolen credit card number.

A latest bidding technique.
Type of fraud when seller adds hidden charges.
None of the above
No, the answer is incorrect.
Score: 0

https://onlinecourses.nptel.ac.in/noc17_mg22/unit?unit=123&assessment=133 2/3
24/07/2018 E-business - - Unit 13 - Week 12
Accepted Answers:
Type of fraud when seller adds hidden charges.
10)In case of shill bidding ____________ 1 point

A bidder submits false bids.

A seller adds fake bidders to escalate the price
A bidder submits multiple bids
None of the above
No, the answer is incorrect.
Score: 0
Accepted Answers:
A seller adds fake bidders to escalate the price

Previous Page End

© 2014 NPTEL - Privacy & Terms - Honor Code - FAQs -

A project of In association with

Funded by

Powered by

https://onlinecourses.nptel.ac.in/noc17_mg22/unit?unit=123&assessment=133 3/3