When the Terms of Sale Are FOB Shipping Point, the Buyer

question 75

True/False

When the terms of sale are FOB shipping point, the buyer should pay the freight charges.

Understand the need and use of specific materials for patients post-procedures.

Identify and describe various computer input and output devices.

Understand the function and advantages of specific computer components and peripherals.

Recognize the importance and role of both hardware and software in computing.

---

Definitions:

Least Costly Combination

An economic principle that firms seek to achieve by using the combination of factors of production that minimizes their costs while producing a given level of output.

Marginal Product Data

Information regarding the additional output that can be obtained by adding one more unit of a particular input, holding all other inputs constant.

Units of Output

are the measurable quantities of goods or services produced by a firm or economy.

Maximization of Profits

The process by which a company determines the price and output level that generates the most profit.