Which of the Following Best Describes a Claused Bill of Lading

question 59

Multiple Choice

Which of the following best describes a claused bill of lading?

• A) It is a bill of lading that is negotiable.
• B) It is a bill of lading issued to a named consignee that is not negotiable.
• C) It is a bill of lading indicating that some discrepancy exists between the goods loaded and the goods listed on the bill.
• D) It is a bill of lading indicating that the goods have been properly loaded on board the carrier's ship.

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Definitions:

Consumption Bundle

A collection of goods or services that an individual or household consumes within a given period.

Utility Function

A mathematical model in economics that maps a consumer's preferences for various products and services to a numerical representation of utility or satisfaction.

Engel Curve

A graphical representation that shows how household spending on a particular good or service varies with income.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded, typically downward sloping.