P3 discriminatory practice

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P3 discriminatory practice

Fish auction in HonoluluHawaii There are traditionally four types of auction that are used for the allocation of a single item[ P3 discriminatory practice needed ]: English auctionalso known as an open ascending price auction.

P3 discriminatory practice

This type of auction is arguably the most common form of auction in use today. Dutch auction also known as an open descending price auction.

Items are allocated based on bid order; the highest bidder selects their item s first followed by the second highest bidder, etc. In a modification, all of the winning participants pay only the last announced price for the items that they bid on. In this type of auction all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant.

The highest bidder pays the price they submitted. Furthermore, as bidders cannot see the bids of other participants they cannot adjust their own bids accordingly. However, many other types of auctions exist, including: Multiunit auctions sell more P3 discriminatory practice one identical item at the same time, rather than having separate auctions for each.

This type can be further classified as either a uniform price auction or a discriminatory price auction. All-pay auction is an auction in which all bidders must pay their bids regardless of whether they win.

The highest bidder wins the item. All-pay auctions are primarily of academic interest, and may be used to model lobbying or bribery bids are political contributions or competitions such as a running race.

A type of auction, used in England for selling ships, in which the highest bid laid on the table by the time a burning candle goes out wins. Bidding fee auctionalso known as a penny auction, often requires that each participant must pay a fixed price to place each bid, typically one penny hence the name higher than the current bid.

When an auction's time expires, the highest bidder wins the item and must pay a final bid price. That is, a bidder can specify that he or she will pay for items A and B, but only if he or she gets both. Unique bid auctions Many homogenous item auctions, e. When the bidding starts no new bidders can join, and each bidder must continue to bid each round or drop out.

It has similarities to the ante in Poker. In practice, an auction advertised as "absolute" or "no-reserve" may nonetheless still not sell to the highest bidder on the day, for example, if the seller withdraws the item from the auction or extends the auction period indefinitely, [37] although these practices may be restricted by law in some jurisdictions or under the terms of sale available from the auctioneer.

Reserve auction is an auction where the item for sale may not be sold if the final bid is not high enough to satisfy the seller; that is, the seller reserves the right to accept or reject the highest bid. In the latter case, the decision to accept a bid is deferred to the auctioneer, who may accept a bid that is marginally below it.

A reserve auction is safer for the seller than a no-reserve auction as they are not required to accept a low bid, but this could result in a lower final price if less interest is generated in the sale. This, coupled with the dynamic bidding process, improves the chances of reaching the fair market value of the item.

The top two bidders must pay their full final bid amounts, and only the highest wins the auction. The intent is to make the high bidders bid above their upper limits. In the final rounds of bidding, when the current losing party has hit their maximum bid, they are encouraged to bid over their maximum seen as a small loss to avoid losing their maximum bid with no return a very large loss.

Silent auction is a variant of the English auction in which bids are written on a sheet of paper. At the predetermined end of the auction, the highest listed bidder wins the item. Other variations of this type of auction may include sealed bids.

Losing bidders must pay the difference between their bid and the next lowest bid. The winning bidder pays the amount bid for the item, without top-up. Once only two bidders remain, each submits a sealed bid. The higher bidder wins, paying either the first or second price. Both finalists receive a premium: Other auction types also exist, such as Simultaneous Ascending Auction [48] Anglo-Dutch auction, [49] Private value auction, [50] Common value auction Genres[ edit ] The range of auctions that take place is extremely wide and one can buy almost anything, from a house to an endowment policy and everything in-between.

Some of the recent developments have been the use of the Internet both as a means of disseminating information about various auctions and as a vehicle for hosting auctions themselves. Here is a short description of the most common types of auction.

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Relational Practice Beyond Introductions and Interviewing. CLPNA Self-Study Course The UN Job List helps people finding a UN job by listing known UN vacancies in an easy to search database with powerful alert tool.

The following summarizes frequently asked questions about the UN Job List. Why did you create the UN Job List? I believe that outstanding people contribute to an effective UN System.

Ageism (also spelled "agism") is stereotyping of and discrimination against individuals or groups on the basis of their age.

This may be casual or systematic. The term was coined in by Robert Neil Butler to describe discrimination against seniors, and patterned on sexism and racism. Butler defined "ageism" as a combination of three connected elements. p2 p3 m1: P2 describe discriminatory practice in health and social care [CT4] M1 assess the effects on those using the service of three different discriminatory practices in health and social care settings P3 describe the potential effects of discriminat.

Zanisha Ravetta LO2 – Know discriminatory practices in health and social care P2 – Describe discriminatory practice in health and social care LO3 - Understand how national initiatives promote anti-discriminatory practice P3 – Describe the potential effects of discriminatory practice on those who use health and social care services Discriminatory Codes of practice .

Unit 5 - WATTShealthandsocial