One of the Principal Functions of a Bill of Lading

question 46

True/False

One of the principal functions of a bill of lading is to act as evidence of title to the goods being carried. This allows for considerable ease in transferring ownership of the goods during transit.

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Definitions:

Productivity Growth

An increase in the efficiency of production, often measured as the rate at which an economy can produce goods and services relative to inputs over time.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

U.S. Productivity

A measure of the efficiency of production in the United States, typically quantified as the ratio of output to inputs used in the production process.

1973

A year notable for various historical events, such as the Arab Oil Embargo and the beginning of the Watergate hearings in the United States.