When the Terms of Sale Are FOB Shipping Point, Legal

question 6

True/False

When the terms of sale are FOB shipping point, legal title to the goods remains with the seller until the goods reach the buyer.

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Definitions:

Investment

The allocation of resources (money, effort, time) into assets with the expectation of earning a profit.

GDP

A country's economic activity is measured by its Gross Domestic Product, which aggregates the total value of goods and services made during a particular time.

Net Investment

The total amount spent on new capital assets minus the depreciation on existing capital assets.

Gross Investment

The total amount of investment in the economy, including investments in the replacement and acquisition of capital assets before accounting for depreciation.