Matching
Match the following terms with their definitions.
Premises:
invoice
receiving report
COD
FOB shipping point
purchase requisition
bill of lading
purchase order
FOB destination
Responses:
The seller pays for shipping costs and owns the goods until they are delivered to the buyer
The buyer pays for the goods and freight charges upon delivery
An internal form that is sent to the purchasing department from another department that needs the supplies
Form used to verify an order once it is received
Issued from a buyer to a vendor listing products and services wanted and authorizing shipment
A record of a sales transaction showing all of the details of the sale including items sold, price, and terms
A buyer takes ownership of the goods at the shipper's location and pays the freight charges to the buyer's location
Contract between a shipper and a carrier that accompanies a shipment
Correct Answer:
Premises:
Responses:
invoice
receiving report
COD
FOB shipping point
purchase requisition
bill of lading
purchase order
FOB destination
Premises:
invoice
receiving report
COD
FOB shipping point
purchase requisition
bill of lading
purchase order
FOB destination
Responses:
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