Which Type of INCOTERM Is Used When the Importer Takes

question 7

Multiple Choice

Which type of INCOTERM is used when the importer takes total responsibility for a shipment at the origin point?

• A) C
• B) D
• C) E
• D) F

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Definitions:

Materials Ledger

The subsidiary ledger containing the individual accounts for each type of material.

Time Ticket

A record or document that tracks the amount of time an employee spends on various tasks or jobs, often used for billing and payroll.

Job Cost Sheet

A document that records the materials, labor, and manufacturing overhead costs assigned to each individual job or project.

Direct Labor

The work of factory employees that can be directly traced to the individual units of product.