Which One of the Following Statements Is True

question 45

Multiple Choice

Which one of the following statements is true?

• A)FOB destination means the buyer has legal title to the goods while they are in transit.
• B)FOB shipping point means the seller has legal title to the goods while they are in transit.
• C)FOB destination means the seller has legal title to the goods until they reach the buyer's place of business.
• D)FOB shipping point means the buyer acquires legal title to the goods when they reach the buyer's place of business.

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Definitions:

Knowledge Gap

The difference between what is known and what needs to be known to effectively understand and perform tasks or make informed decisions.

Assurance

is a positive declaration intended to give confidence or certainty about a product, service, or outcome.

Consumers' Expectations

The beliefs or standards customers have concerning the performance and quality of a product or service before they purchase it.

Intangible

Refers to assets or properties that lack physical presence or form, such as intellectual property or brand reputation.