What Does the Shipping Term "FOB" Indicate

question 21

Multiple Choice

What does the shipping term "FOB" indicate?

• A)Fee on board
• B)Fee on basis
• C)Freedom of board
• D)Free on board
• E)Free of bailment

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Definitions:

Compute

The process of calculating or determining something by mathematical or logical methods.

Miles Per Hour

A measurement of velocity indicating how many miles are covered within an hour.

Compute

Refers to the action of performing mathematical calculations or processing data using a computer or computational device.

Imperfect Price Signals

Situations in markets where prices do not fully reflect all available information, leading to inefficiencies in allocation of resources.