A Company Sells a Product FOB Destination

question 113

Multiple Choice

A company sells a product FOB destination. The product is shipped on December 29, 2013 and the customer receives the shipment on January 3, 2014. Which of the following is true?

• A) The sale will be recorded when the customer's credit card information is received.
• B) The sale will be recorded when the shipment is received by the customer.
• C)The sale will be recorded when the shipment is shipped.
• D)The sale will be recorded when it is known there will be no returns or allowances.

Recognize the impact of culture on self-esteem and how it varies across different cultures.

Identify and describe social norms in various cultures.

Understand the concept of attribution and how it affects interpretation of others' behaviors.

Distinguish between internal and external attributions and their implications.

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Definitions:

Marginal Cost

The increased expenditure resulting from making an additional unit of a product or service.

Oligopoly

A market structure characterized by a small number of firms that have significant market power, leading to limited competition.

Price Fixing

An illegal practice where businesses collude to set prices at a certain level, rather than allowing market forces to determine them.

Microsoft

A multinational corporation that specializes in the development, manufacturing, licensing, support, and sales of computer software, consumer electronics, and personal computers and services.