According to the Text,FOB Destination Pricing Is Typically Preferred for All

question 6

Multiple Choice

According to the text,FOB destination pricing is typically preferred for all of the following EXCEPT:

• A)​High-value shipments
• B)​Buyer has little transportation expertise
• C)​Buyer is purchasing a reoccurring order
• D)​Small shipments

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Definitions:

Ratification

The act of formally approving an agreement or treaty, making it officially valid.

Principal

The party that an agent’s authority can bind or act on behalf of.

Agency

The fiduciary relationship that arises when one person consents to have another act on his behalf and subject to his control and the other consents to do so.

Power of Attorney

A legal document that grants one individual (the agent) the authority to act on behalf of another (the principal) in legal or financial matters.