In an FA an F.A.S

question 32

True/False

In an F.A.S. port of shipment, the buyer bears the shipping costs and the risk of loss during transport.

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Definitions:

Semiconductor Chip

A small electronic device made of semiconductor material, used in a wide array of electronic circuits and devices for processing or controlling electrical signals.

Technological Improvements

Innovations and advancements in technology that enhance productivity, efficiency, and quality of goods and services.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Average Product

The output per unit of input, such as labor or capital, calculated by dividing total output by the total quantity of the input.