Who Is Responsible for the Freight Cost When the Terms

question 266

Multiple Choice

Who is responsible for the freight cost when the terms are FOB destination?

• A) the seller
• B) the buyer
• C) the ultimate customer
• D) either the buyer or the seller

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Definitions:

Finance An Acquisition

The act of providing or securing funds to purchase another business or significant asset.

Selling Firm's Shareholders

Individuals or entities that own shares in a company that is in the process of being sold or has sold a portion of its assets.

Divestiture

The process of selling an asset, investment, or division of a company as a strategic move for growth or downsizing.

Wholly Owned Subsidiary

A company whose entire stock is held by another company, making it 100% owned by the parent company.