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Integrity Is One of the Institute of Internal Auditors' Ethical

question 34

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Integrity is one of the Institute of Internal Auditors' ethical principles.


Definitions:

Freight Costs

Expenses associated with transporting goods from one location to another, including charges for shipping, handling, and insurance.

FOB Shipping Point

A delivery term indicating that the buyer takes ownership and risk for the goods once they are shipped, with FOB meaning "Free On Board".

Freight Costs

The expenses associated with transporting goods from one location to another.

FOB Destination

A shipping term indicating that the seller bears freight charges and owns the goods until they are delivered to the buyer’s location.

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