When Freight Is Shipped _____, the Buyer, or Consignee, Is

question 92

Multiple Choice

When freight is shipped _____, the buyer, or consignee, is responsible for choosing the carrier, arranging for the physical movement of the goods, paying the freight bill, and filing loss and damage claims.

• A) FOB destination
• B) FOB origin
• C) FOB delivered
• D) FOB supplier
• E) None of the above.

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Definitions:

Consumption

Pertains to the aggregate volume of products and services that are purchased and consumed by families and people.

MPC

The marginal propensity to consume, which is the fraction of additional income that a household spends on consumption.

Disposable Income

Financially viable resources for households' spending and saving strategies after deducting income taxes.

Consumption

The action of using up a resource or the purchase of goods and services by households.