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Dr. Hunt has completed several steps in the program evaluation process. Dr. Hunt has described the program itself, established goals for the evaluation, and developed an evaluation plan. Identify which step he is missing.
FOB Destination
A shipping term where the seller retains risk and ownership of goods until they are delivered to the buyer's location, at which point the buyer assumes responsibility.
FOB Shipping Point
A shipping term indicating that a buyer assumes ownership and responsibility for goods at the seller's location, and thus is responsible for freight costs and any associated risks during transportation.
Inventory Writedown
An accounting process that reduces the carrying value of inventory to its market value or below, reflecting decreased value in the asset.
Net Realizable Value
The estimated selling price of goods, minus the cost of their sale or disposal, used in inventory valuation and accounts receivable.
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