Which of the Following Purposes Is NOT Served by the Bill

question 42

Multiple Choice

Which of the following purposes is NOT served by the bill of lading?

• A) It acts as a receipt.
• B) It acts as a contract.
• C) It acts as a document of title.
• D) It acts as all of the above.

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Definitions:

Inbound Costs

Expenses related to the transportation, handling, and receiving of goods coming into a business.

Outbound Transportation

The process and cost associated with moving goods from a company's premises to the end customer.

Unit

Refers to a single, complete item of a product or a measure of quantity in terms of number, length, or volume in a given context.

Drop-Shipping

A retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.