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Top management should be viewed as part of the firm's infrastructure.
F.O.B. Shipping Point
A term used in shipping contracts indicating that the buyer is responsible for paying shipping costs and bears the risk of the goods once they are shipped by the seller.
Title Passes
Refers to the moment when ownership of goods is legally transferred from the seller to the buyer in a transaction.
Buyer Signs
Acts of formal agreement by a purchaser to terms or documents, such as contracts or purchase orders.
F.O.B. Shipping Point
F.O.B. shipping point is a term used in shipping agreements indicating that the buyer is responsible for the goods once the seller ships them, and must pay the shipping costs.
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