As the principal of a local high school, you want to install a wireless WAN to give students better, more secure access to the Internet. You request bids from a few local service providers to get the best price. This is an example of a _________ auction.
A) downward
B) forward
C) reverse
D) upward

Question

Quizplus · Accepted Answer

In a reverse auction, the buyer (in this case, the principal) seeks bids from sellers (service providers), aiming to get the best price for a service or product, which is the opposite of traditional auctions where sellers offer goods or services to the highest bidder.

As the Principal of a Local High School, You Want