Which of the Following Is True of Carriage and Insurance

question 32

Multiple Choice

Which of the following is true of carriage and insurance paid to (CIP) ?

• A) The buyer is responsible to provide insurance.
• B) The maximum burden is on the seller.
• C) The seller is obligated to provide minimum insurance only.
• D) The buyer must bear all transportation costs.

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Definitions:

Millions

A numerical unit equal to 1,000,000 or 10^6, often used in accounting and financial reporting to denote large values.

Cash Flow

The net amount of cash being transferred into and out of a business, reflecting the company's liquidity and overall financial health.

Stockholders

Individuals or entities that own shares in a corporation, thereby holding ownership interest in the company.