When the Terms Are FOB Destination,the Title Passes at the Point

question 139

True/False

When the terms are FOB destination,the title passes at the point of origin and the buyer pays the transportation costs.

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Definitions:

Allocative Efficiency

Occurs when no resources are wasted; it is not possible to make any person better off without making someone else worse off.

Economic Problem

The challenge of limited resources to meet unlimited wants and needs of society.

Capital Goods

Long-lasting goods purchased or used by businesses to produce goods or services and not intended for final consumption.

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their needs or wants.