FOB ________ Means the Buyer Accepts Ownership When the Goods

question 118

Short Answer

FOB ________ means the buyer accepts ownership when the goods depart the seller's place of business. The buyer is responsible for paying shipping costs and bears the risk of damage or loss when goods are in transit.

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Definitions:

Hours Worked

The total number of hours spent by employees performing tasks as part of their employment.

Decreased

Decreased indicates a reduction in size, quantity, quality, or intensity of a specific variable or condition.

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs produced to inputs used within a certain period.

Increasing Rate

A situation where a numerical value or quantity grows over a period of time, which can refer to things like interest rates or inflation.