If Goods in Transit Are Shipped FOB Destination

question 137

Multiple Choice

If goods in transit are shipped FOB destination

• A) the seller has legal title to the goods until they are delivered.
• B) the buyer has legal title to the goods until they are delivered.
• C) the transportation company has legal title to the goods while the goods are in transit.
• D) no one has legal title to the goods until they are delivered.

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Definitions:

Ordinal-Level

Refers to a level of measurement where data can be ordered or ranked, but the distances between ranks are not necessarily equal.

Point Biserial

A correlation coefficient used to measure the relationship between a binary variable and a continuous variable.

Nominal-Level

Classification of data, for which the measurement scales are categorized without any order or ranking implied among the values.

Coefficient of Determination

A numerical indicator showing the fraction of the variance in a dependent variable accounted for by one or more independent variables within a regression analysis.