If Title to Merchandise Purchases Passes to the Buyer When

question 188

Multiple Choice

If title to merchandise purchases passes to the buyer when the goods are delivered to the buyer, the terms are

• A) consigned
• B) n/30
• C) FOB shipping point
• D) FOB destination

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Definitions:

Spontaneous Generation

Spontaneous Generation is the disproved theory that living organisms could arise from nonliving matter, a belief held before the advent of modern biology.

Sterile Broth

A nutrient-rich liquid media that has been treated to eliminate all forms of life, used for growing microorganisms in a lab.

Louis Pasteur

A French biologist, microbiologist, and chemist renowned for his discoveries of the principles of vaccination, microbial fermentation, and pasteurization.

Nucleic Acid

Macromolecules essential to all known forms of life, which store and transmit genetic information in cells mainly in the forms of DNA and RNA.