Examlex
Simplify. Your answer should be in lowest terms.
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FOB Shipping Point
A shipping term indicating that the buyer assumes ownership and risk of loss of goods at the point of origin, and is responsible for freight costs.
Title
A legal term referring to the official right to own or possess property.
Inventory Records
Documented information about the quantity, type, and location of inventory a business has on hand or in transit.
Inventory Shrinkage
The loss of inventory that occurs due to theft, damage, or errors in counting or documentation.
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