If Title to Merchandise Purchases Passes to the Buyer When

question 125

Multiple Choice

If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are

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

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Definitions:

CEOs

Chief Executive Officers, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Strategic Planning

The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.

Autocratic Leadership

A leadership style characterized by individual control over all decisions and little input from team members, often leading to quick decision-making but lower employee satisfaction.