The Incoterm acronym CIP (named place of destination) refers to the situation where ______ and ______ are paid to destination, with risk passing from the seller when goods are handed to the carrier.
Fill in the blank(s) with the appropriate word(s).
carriage; insurance
The Incoterm acronym CIP (named place of destination) refers to the situation where carriage and insurance are paid to destination, with risk passing from the seller when goods are handed to the carrier.
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When responding to a request for adjustment when a third party is at fault, the best approach is to
A) refuse the claim and suggest that the customer sue the third party. B) refuse the claim but forward the paperwork to the third party. C) avoid placing blame and focus on the solution. D) advise the customer never to do business with that third party again. E) refuse the claim but assure the customer that you will never do business with the third party again.
A salesperson selling ________ to ________ would most likely have the most extensive product knowledge.
A. computers; small businesses B. televisions; consumers C. rocket components; engineers D. jewelry; retailers E. skis; consumers
If the balance in Cash Short and Over at the end of a period is a credit, it should be reported as an "other income" item on the income statement
Indicate whether the statement is true or false
The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as
A) solvency and leverage B) solvency and profitability C) solvency and liquidity D) solvency and equity