Examples of Developed Economies Would Include

question 45

Multiple Choice

Examples of developed economies would include:

• A)The U.S.and Japan.
• B)Hungary and Poland.
• C)Argentina and Brazil.
• D)Hong Kong and Singapore.

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Definitions:

FOB Shipping Point

A term indicating that the buyer takes ownership of goods being shipped to them at the point of departure from the seller's shipping dock.

Invoice

A document issued by a seller to a buyer that lists the products or services provided, along with quantities, prices, and payment terms.

Net Price Method

An accounting method that records purchases at the net price, after deducting any discounts, rather than recording them at the gross price.