What Does the Term CIF When Used as a Shipping

question 47

Multiple Choice

What does the term CIF when used as a shipping term represent?

• A)Cost,insurance,and freight
• B)Cost,indemnity,and freight
• C)Commerce,insurance,and freight
• D)Collateral,insurance,and freight
• E)Cost,insurance,and flight

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Definitions:

Transaction

A transaction is an executed agreement or exchange between parties, often involving the sale, purchase, or trade of goods, services, or financial assets.

BAT Model

A theoretical model; if specifically undefined or not commonly known outside of a narrow context, clarification may be needed.

Weekly Disbursements

Payments made by a business on a weekly basis, including operating expenses, supplier payments, and payroll.

Interest Rate

The amount of interest levied on a loan, represented typically as an annual percentage of the loan's remaining balance to the borrower.