In the Case of a Common Carrier That Transports Goods

question 19

Multiple Choice

In the case of a common carrier that transports goods on a regular basis, the term consignee refers to:

• A) a person who is shipping goods by the common carrier.
• B) a person whom the goods are being shipped to.
• C) a common carrier.
• D) a third party that will sign the bill of lading on the shipper's behalf.

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Definitions:

International Sales

Revenue generated from the sale of products or services outside of the company's home country.

Bankers' Acceptance

A short-term debt instrument issued by a company but guaranteed by a bank, often used in international trade.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to individuals investing money for a fixed period of time.

Tax Bracket

Categories that tax rates apply to, which are based on levels of income; each bracket has a different tax rate associated with it.