If the Terms of the Contract Specify FOB (Free on Board)

question 73

Multiple Choice

If the terms of the contract specify FOB (free on board) destination, then:

• A)the seller has title until the goods are received at the destination.
• B)the buyer is responsible for any loss during transportation.
• C)the buyer assumes the responsibility and risk for the merchandise as soon it leaves the factory.
• D)the seller does not expect payment for the merchandise until it reaches its destination.
• E)the goods are being sold on consignment.

---

Definitions:

Statement of Ethics

A formal document expressing a company's values and principles regarding ethical behavior, guiding employees in making decisions that align with the company's ethical standards.

American Marketing Association

A professional association for marketing professionals with the goal of promoting and supporting excellence in the field of marketing.

Ethical Climates

The moral atmosphere of the work environment and the level of ethics practiced within a company.

Socially Responsible

A principle or practice whereby individuals or businesses make decisions and take actions that positively impact society, the environment, and the economy.