Indicate Whether Each of the Following Statements Is True or False.(Assume

question 98

Short Answer

Indicate whether each of the following statements is true or false.(Assume a perpetual inventory system. )
_____ a)The freight terms FOB shipping point increase the cost of inventory to the buyer.
_____ b)The term FOB means that goods are shipped free of charge to buyer and seller.
_____ c)FOB shipping point means that purchaser's responsibility ends at shipping point.
_____ d)FOB destination means that seller's responsibility ends at destination.
_____ e)When the seller of merchandise records freight under the terms FOB shipping point,the seller records an expense.

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Definitions:

Index

A statistical measure or indicator that tracks changes in various sectors, such as a stock market index, which measures the performance of a particular section of the stock market.

Complexity

The state or quality of being intricate or complicated, often relating to systems, organizations, or situations with multiple interconnected parts.

Divide Labour

Division of labor refers to the allocation of different tasks, roles, or responsibilities to different individuals or groups in order to improve efficiency and productivity in a workplace or economic system.

Mechanistic Structures

Organizational forms characterized by rigid hierarchies, high levels of formalization, and a narrow span of control.