Examlex
Which of the following statements holds true for the term opt-out?
Consignee
A consignee is the individual or entity to whom goods are shipped to be sold or cared for, but the ownership of those goods remains with the consignor until sold.
Inventory Reporting
The process of documenting the quantity and value of a company's stock of goods.
FOB Destination
A shipping term indicating that the seller retains ownership and responsibility for the goods until they are delivered to the buyer's specified location.
Ending Inventory Balance
The total value of all goods available for sale at the end of an accounting period.
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