The Word Free in Relation to the Acronym FOB Signals

question 270

Multiple Choice

The word Free in relation to the acronym FOB signals the point or location where the seller is

• A)free of responsibility for customer invoicing.
• B)free of product liability.
• C)free to choose method of transportation.
• D)free to choose the point of loading.
• E)free to choose the method of payment.

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Definitions:

Labor Costs

The total expenses associated with employing staff, including wages, benefits, and taxes.

Transportation Costs

Expenses associated with moving goods from one location to another within the supply chain.

Chinese Yuan

The official currency of the People’s Republic of China, which is issued by the People's Bank of China.

Labor Dispute

A disagreement between employees and employers over workplace conditions, wages, hours, or other labor-related issues, often leading to negotiations or strikes.