If Title to Merchandise Purchases Passes to the Buyer When

question 188

Multiple Choice

If title to merchandise purchases passes to the buyer when the goods are delivered to the buyer, the terms are

• A) consigned
• B) n/30
• C) FOB shipping point
• D) FOB destination

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Definitions:

Legal Concerns

Issues that arise within the framework of the law, affecting individuals, corporations, and institutions, requiring legal interpretation or action.

Foreign Firms

Companies that are based in one country but operate, trade, or provide services in other countries.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Changes

The act or process of making something different, often seen in business and personal contexts to reflect growth, development, or innovation.