Diplomatic Practice Is an Area That Was the Result of

question 52

Multiple Choice

Diplomatic practice is an area that was the result of

• A) treaties.
• B) international customs.
• C) a general principal of law.
• D) scholarly writing.

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Definitions:

FOB Destination

A shipping term indicating that the seller is responsible for the freight and other shipping charges until the goods reach the buyer's location.

Net Income

The amount of earnings remaining after all expenses, including taxes and interest, have been deducted from total revenues.

Ending Inventory

The total value of all goods available for sale at the end of an accounting period, calculated to evaluate stock levels and assess cost of goods sold.

Consignor

The party in a consignment agreement that provides goods to another party (consignee) to sell on their behalf, retaining ownership until the goods are sold.