"Free on Board (FOB)installed" Means That Title and Responsibility Are

question 88

True/False

"Free on board (FOB)installed" means that title and responsibility are transferred before an equipment is installed and operating properly.

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Definitions:

Entity

An individual, company, organization, or system that has a distinct, separate existence for legal or business purposes.

Data Dictionary

A collection of definitions of data elements; data characteristics that use the data elements; and the individuals, business functions, applications, and reports that use these data elements.

Attribute

An attribute or element considered inherent or typical of an individual or entity.

Internet of Things

A network of physical objects embedded with sensors, software, or other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.