A,based in Canada,enters into a Contract for the Sale of Goods

question 20

Multiple Choice

A,based in Canada,enters into a contract for the sale of goods to B in Germany.The contract provides that A is to make the goods available to B at A's own warehouse.In this case,the arrangement between A and B is

• A)a DDP contract.
• B)an FOB contract.
• C)a CIF contract.
• D)an EXW contract.
• E)none of the above

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Definitions:

Business Standards

Business standards are established norms or criteria within a business environment that guide behaviors, operations, and transactions to ensure quality, efficiency, and ethical practices.

Sequencing

The arrangement or order of actions, tasks, or processes to achieve a specific goal or outcome efficiently.

Descriptive Statistics

The branch of statistics that deals with the summarization and description of the main features of a collection of data.

Inferential Statistics

The branch of statistics that focuses on drawing conclusions about a population based on a sample drawn from it.