WAEC Commerce 2012 Objective — Question 16
Question 16 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.
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A licensed person who is authorized to sell to the highest bidder is a
- A. principal
- B. factor
- C. broker
- D. auctioneerCorrect
Explanation
Auctioneer is the person that place a good for auction and who pays the highest bidder.
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