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Match the Term with the Definition

question 10

Multiple Choice

Match the term with the definition.
-Facility opened in 1892 in New York harbor that processed new immigrants coming into New York City. In the late nineteenth century, some 75 percent of European immigrants to America came through New York.


Definitions:

F.O.B.

F.O.B. (Free On Board) is a shipping term used in international trade to indicate that the seller is responsible for the goods until they are loaded on a vessel at the specified location, after which the buyer assumes risk.

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Contract Cancellation

The legal termination of a contract's obligations by one or more of its parties.

Sales Contracts

Agreements between two parties where the seller agrees to deliver a product or service to a buyer for a specified price.

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