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Match the Descriptions Below with the Correct Credit or Shipping

Question 123

Matching

Match the descriptions below with the correct credit or shipping terms.Some terms may be used more than once and others may not be used at all.

Premises:

Responses:

credit terms that allow for a 1% discount for early payment

FOB destination

shipping terms that would typically mean that the seller has to pay the freight charges

3/10

credit terms that provide for a maximum of one and a half months to satisfy the debt

2/10

credit terms that provide for a 2% discount for early payment

1/15

credit terms that do not provide a discount for early payment

n/60

shipping terms that would typically mean that the buyer has to pay the freight charges

FOB shipping point

Premises:

credit terms that allow for a 1% discount for early payment

shipping terms that would typically mean that the seller has to pay the freight charges

credit terms that provide for a maximum of one and a half months to satisfy the debt

credit terms that provide for a 2% discount for early payment

credit terms that do not provide a discount for early payment

shipping terms that would typically mean that the buyer has to pay the freight charges

Responses:

FOB destination

3/10

2/10

1/15

n/60

FOB shipping point

Correct Answer:

Premises:

Responses:

credit terms that allow for a 1% discount for early payment

shipping terms that would typically mean that the seller has to pay the freight charges

credit terms that provide for a maximum of one and a half months to satisfy the debt

credit terms that provide for a 2% discount for early payment

credit terms that do not provide a discount for early payment

shipping terms that would typically mean that the buyer has to pay the freight charges