In an Effort to Satisfy an Important Customer in Portugal,the

question 15

Multiple Choice

In an effort to satisfy an important customer in Portugal,the seller is willing to pay all ocean freight charges and bear all risks of the journey to the port of Lisbon.The buyer,however,has agreed to pay all unloading charges.The exporter should quote his prices:

• A) DES Lisbon.
• B) FAS Lisbon.
• C) CIF Lisbon.
• D) DEQ Lisbon.
• E) None of these are correct.

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Definitions:

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution, often affecting the outcome of statistical tests.

Alpha Level

A threshold set in statistical hypothesis testing, below which a null hypothesis is rejected, often set at 0.05.

One-Tailed Statistical Test

A hypothesis test that predicts the direction of the expected difference or relationship between variables.

Ratio Scale

A scale of measurement in which there is an absolute zero point, indicating an absence of the variable being measured. An implication is that ratios of numbers on the scale can be formed (generally, these are physical measures such as weight or timed measures such as duration or reaction time).