Incoterms Are Divided into Two Basic Categories

question 55

Multiple Choice

Incoterms are divided into two basic categories:

• A) open account and L/C.
• B) general and water transport terms.
• C) ship and ground transport.
• D) export and domestic shipments.
• E) risk and nonrisk terms of sale (buyer's perspective).

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Definitions:

Fundamental Right

A basic right considered inherent and inviolable, often guaranteed by law or constitution.

Vas Deferens

One of two tubes that transport sperm from the epididymis to the ejaculatory duct within the prostate gland.

Sterilization

A medical procedure that renders a person unable to reproduce, which can be achieved through surgical methods or other forms of contraception.

Scrotum

A pouch of skin that holds the two testes.