Answer:
Since the opening price is set so low, potential buyers will think that their total consumer surplus is very large. For example a consumer may be willing to pay $40 for an iPod but since the price is $1 his total consumer surplus is $39, so he will tempted to offer higher bids which eventually lead to a higher final price.
Internet risk can arise from the estimation process or the stability of the project team. assumptions internal risks cost overruns external risks.
<h3>What is
Internet risk?</h3>
Online risk is the exposure of an organization's internal resources as a result of using the Internet to do business.
Online risk exists for all businesses that conduct a portion of their operations online. Personal information, project data, and data produced by systems or procedures used by the company to conduct its business all fall under the category of vulnerable data.
Using techniques and resources from a risk management strategy, you can effectively manage online risk, prevent it from happening in the first place, and take action if it does. Aware of online risk, able to foresee how a data loss might affect their business operations, and able to create contingency plans are all crucial skills for IT professionals.
To learn more about Internet risk from the given link:
brainly.com/question/19589897
#SPJ4
The purpose of a W-4 form is to submit information to your employer to let them know how much to take out of your paycheck for taxes.
Answer: A seller has about 72 hours to decide what to do with an offer
Explanation: A seller has 72 hours to accept a buyers offer in as much as the offer does not have an expiry date.
An offer is made to buy an asset which is usually between a willing , knowledgeable buyer and a seller at an armslenght transaction.
