Goods in Transit Should Be Included in the Inventory of the Buyer

question 175

Multiple Choice

Goods in transit should be included in the inventory of the buyer when the

• A) public carrier accepts the goods from the seller.
• B) goods reach the buyer.
• C) terms of sale are FOB destination.
• D) terms of sale are FOB shipping point.

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Definitions:

Ingroup/Outgroup Bias

The tendency to favor individuals within our group while being prejudiced against or hostile toward those in other groups.

Mere Exposure Effect

The increase in liking due to repeated exposure.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their culture and society, shaping their personality and behavior.

Postdecisional Dissonance

A feeling of regret or anxiety after making a decision, questioning if the right choice was made.