The term used when the purchaser is responsible for the cost of freight is:
A) F.O.B. shipping point.
B) F.O.B. destination.
C) Freight-In.
D) Purchases.

Question

Quizplus · Accepted Answer

F.O.B. (Free On Board) shipping point means that the buyer takes ownership of the goods once they are shipped and is responsible for the freight and transportation costs from the seller's location to the destination.

The Term Used When the Purchaser Is Responsible for the Cost