When the Terms of Sale Are FOB ______________, Ownership of the Goods

question 250

Short Answer

When the terms of sale are FOB ______________, ownership of the goods passes to the buyer when the public carrier accepts the goods from the seller.

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Definitions:

Government Intervention

The active involvement by a government in the economic or social affairs of a country, which can include regulations, subsidies, tariffs, and public services.

Internalize Externalities

The process of adjusting market prices to account for the external costs or benefits generated by a product or service's production or consumption.

Negative Externalities

Costs imposed on a third party not involved in a transaction, such as pollution from a factory affecting nearby residents.

Technology Spillover

Occurs when technological advances or innovations benefit other sectors or industries, beyond the original intention.