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Ralph,of Miami,Florida,ordered "100 red widgets" from Maria's business located in Seattle,Washington.Shipment was f.o.b.Seattle via Red Freight Co.By mistake Maria sent "100 green doodads" to Ralph.The shipment was destroyed when the Red Freight truck was involved in a traffic accident in Oklahoma City.Ralph had insurance coverage that includes "items purchased that are in transit." Explain whether Ralph or Maria has the risk of loss.
Motivational Impact
The influence that certain actions or changes can have on the level of motivation within individuals or groups.
Profit-sharing
A financial incentive strategy where employees receive a share of the company's profits in addition to their regular compensation.
Net Profits
The amount of money that remains from revenues after all operating expenses, taxes, and interest have been deducted.
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