A licensed person who is authorized to sell to the highest bidder is
COMMERCE
WAEC 2012
A licensed person who is authorized to sell to the highest bidder is
- A. principal
- B. factor
- C. broker
- D. auctioneer
Correct Answer: D. auctioneer
Explanation
An auctioneer is a person who manages an auction, or a public sale at which people can bid on items. Goods are sold to the highest bidder in an auction.
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