In a __________ Fault, the Hanging Wall Has Moved Downward

question 25

Multiple Choice

In a __________ fault, the hanging wall has moved downward relative to the footwall.

• A) normal
• B) reverse
• C) thrust
• D) joint

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Definitions:

FOB Shipping Point

A term used in shipping where the buyer takes responsibility for the goods once they are shipped, and bears transportation costs.

Inventory Shrinkage

The loss of products between purchase from a supplier and sale to customers, often due to theft, damage, or errors.

Multiple-Step Income Statement

An income statement that separates operating items from non-operating items and calculates net income in several steps or stages.

Trade Discount

A reduction in the list price granted by a seller to a buyer, usually based on volume purchased or to maintain a business relationship.