Examlex
Explain the upper and lower respiratory tracts.
FOB Shipping Point
A shipping term indicating that the buyer is responsible for the goods and the shipping cost as soon as the goods leave the seller's premises.
FOB Destination
A shipping term indicating that the seller is responsible for the goods and the shipping cost until the goods reach the buyer's specified location.
Inventory
The goods and materials that a business holds for the ultimate goal of resale or production.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made periodically, typically at the end of an accounting period.
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