Incoterms Attempt to Standardize Shipping Agreements,and Include

question 109

Multiple Choice

Incoterms attempt to standardize shipping agreements,and include

• A) FAS and CIF.
• B) CED and COD.
• C) descriptions of portside processes.
• D) insurance arrangements for international shipments.

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Definitions:

Net Investment

The purchase of capital assets minus depreciation, representing the total amount invested in assets for generating income.

Recognised Asset

An item of economic value that is accounted for and reported on a company's financial statements, meeting specific recognition criteria.

Foreign Exchange Gain

Profit from favourable changes in exchange rates affecting the value of currency positions.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, often reported on the income statement.