FOB ________ Means the Buyer Accepts Ownership When the Goods

question 118

Short Answer

FOB ________ means the buyer accepts ownership when the goods depart the seller's place of business. The buyer is responsible for paying shipping costs and bears the risk of damage or loss when goods are in transit.

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Definitions:

Authority-Obedience

A management approach focused on establishing clear lines of authority and expecting strict compliance from subordinates.

Country Club

A private club offering recreational sports, leisure activities, and dining facilities, typically reserved for members and their guests.

Empowerment

is the process of providing individuals or groups with the authority, confidence, and resources needed to make decisions and take action.

Decision-Making

The process of making choices among alternative possible courses of action.