An auction designer is considering a reverse English auction…

An auction designer is considering a reverse English auction versus a reverse Dutch auction. The designer is considering, from the buyer’s perspective, which one would be preferred in a given setting. Outline some of the factors which would make the reverse Dutch auction preferable to a reverse English auction?

A bank’s management wants a program that will calculate mont…

A bank’s management wants a program that will calculate monthly interest for a customer’s balance in a bank account. Checking accounts receive 1% interest, regular savings accounts receive 2% interest, and special savings accounts receive 3% interest. Which selection structure is most appropriate in this situation?