The Years 2008 and 2009 Are Likely to Go Down

question 56

True/False

The years 2008 and 2009 are likely to go down in history as one of the worst environments for companies wishing to go public.

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Definitions:

F.O.B.

F.O.B. (Free on Board) is a shipping term used to indicate whether the seller or the buyer is liable for goods that are damaged or destroyed during shipping.

Free On Board

A shipping term indicating that the seller bears transportation costs to the shipping point, after which the buyer is responsible.

Freight Order Billing

The process of issuing invoices for the transportation services provided for shipping goods, based on agreed terms such as weight, distance, and type of goods.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.