Examlex
Suppose in testing a hypothesis about a proportion, the z test statistic is computed to be 1.92. The null hypothesis should be rejected if the chosen level of significance is 0.01 and a two-tailed test is used.
FOB Shipping Point
A term indicating that the buyer assumes responsibility for shipping costs and liability once the goods leave the seller's premises.
Legal Title
Legal ownership of property or assets, which includes the right to use, sell or transfer them.
FOB Shipping Point
A shipping term indicating that the buyer assumes transportation costs and risk of loss once the goods leave the seller's premises.
Consignee
The individual or entity designated to receive goods being shipped or transported, who may not be the actual owner of the goods until certain conditions are met.
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