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:

Assumptions

Beliefs or statements taken for granted without proof, often used as a basis for reasoning or argument.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice against other cultures.

Cultural Pluralism

The coexistence of diverse cultures, where cultural differences are accepted and appreciated by the majority society.

Stereotyping

The act of assigning a fixed, oversimplified image or idea to a person or group, often based on limited information.