"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:

Switch

A device for transmitting data on a network that makes decisions, based on the media access control address of the data, as to where the data is to be sent.

Packet

A piece of data sent over a computer network.

Electronic Data Interchange

The electronic transfer of data between organizations in a structured format that allows for automated processing.

EDI

Electronic Data Interchange, a standard for exchanging business documents and data electronically between business partners.