The Term "FOB" Denotes

question 22

Multiple Choice

The term "FOB" denotes

• A) free on board.
• B) freight on board.
• C) free only (to) buyer.
• D) freight charge on buyer.

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Definitions:

Debt Financing

Borrowing money that must be repaid over time, with interest.

Collateral

is an asset pledged as security for the repayment of a loan, forfeitable in the case of default.

Corporation

A legal entity recognized by law as a separate "person" that can own assets, incur liabilities, and conduct business, often with the aim of generating profit for its shareholders.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and proportions of interest of each partner in a business venture.