Which of the following statements is true about the financial terms and conditions of a sale?
A) Price is often the last question asked.
B) FOB installed indicates that title and responsibility are transferred before the equipment is installed and operating properly.
C) Not having the cash can only delay a sale, but not prohibit it.
D) Factors that affect price are the use of quantity and other discounts, as well as credit and shipping terms.
E) FOB origin means the buyer will take responsibility for the goods once they reach the buyer's location, and the seller will pay the freight.

Question

Quizplus · Accepted Answer

The statement "Factors that affect price are the use of quantity and other discounts, as well as credit and shipping terms" is true. The other statements are false. Price is usually one of the first questions asked, FOB installed means the seller is responsible for installation, not the buyer, not having cash can prohibit a sale, and FOB origin means the buyer takes responsibility once goods leave the seller's location.

Which of the Following Statements Is True About the Financial