Solved

Match the Following Terms with Their Definitions

Question 4

Matching

Match the following terms with their definitions.

Premises:
COD
FOB destination
receiving report
purchase requisition
purchase order
FOB shipping point
bill of lading
invoice
Responses:
Contract between a shipper and a carrier that accompanies a shipment
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
A record of a sales transaction showing all of the details of the sale including items sold, price, and terms
The buyer pays for the goods and freight charges upon delivery
A buyer takes ownership of the goods at the shipper's location and pays the freight charges to the buyer's location
The seller pays for shipping costs and owns the goods until they are delivered to the buyer
Issued from a buyer to a vendor listing products and services wanted and authorizing shipment

Correct Answer:

COD
FOB destination
receiving report
purchase requisition
purchase order
FOB shipping point
bill of lading
invoice
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