To Ensure That the Guidelines for Right Behavior Are Followed

question 65

Multiple Choice

To ensure that the guidelines for right behavior are followed, a corporation should follow:

• A) ethical principles.
• B) accounting law.
• C) the leaders in their category of business.
• D) the corporate culture.
• E) competitive law.

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Definitions:

Shipping Arrangements

The planning and execution involved in the transportation of goods from one location to another, including modes of transport, routes, and logistics.

Shipping Term

Contractual terms between a seller and buyer indicating the delivery details, responsibility for goods, and the point at which risk transfers from one party to the other during transport.

FOB

An incoterm standing for "Free On Board," indicating that the seller bears delivery costs and risk until the goods are loaded on a vessel at the specified shipment point.

Origin Contract

A term referring to the initial agreement between parties, detailing the basis of their contractual relationship.