A Buyer Has a Retail Store in Florida and the Seller

question 32

Multiple Choice

A buyer has a retail store in Florida and the seller is a manufacturer in California. If the buyer orders goods from the seller and the goods are shipped "FOB Florida," which of the following statements is true?

• A) The seller bears the expense and risk of delivering the goods to Florida.
• B) Neither the seller nor the buyer bears the risk of delivering the goods as the goods are insured.
• C) The seller is allowed to charge a nominal fee for delivering the goods.
• D) The buyer bears the risk of loss as he is responsible for taking possession of the goods.

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Definitions:

Prescient And Creativity

The combination of having foresight or anticipation of future events and the ability to produce novel and valuable ideas.

Intrinsic Motivation

The drive to engage in an activity for its own sake, due to the personal satisfaction or pleasure derived from the activity, rather than external rewards.

Extrinsic Motivation

Motivation driven by external rewards, such as money or praise, rather than intrinsic satisfaction from the activity itself.

Growth Motivation

An internal drive to achieve personal improvement, learn new skills, and seek out new challenges.