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Liono4ka [1.6K]
3 years ago
14

According to Incoterms, the risk of loss under contract terms "FAS Name of Vessel" passes to the buyer when the goods are delive

red alongside the named vessel. True or False
Business
1 answer:
AnnyKZ [126]3 years ago
6 0

Answer: True

Explanation:

Free Alongside (FAS) is an International Commerce term (Incoterm) that is used to describe that a seller should deliver goods to within reach of a Buyer's transportation vessel so that it may be ready to be picked up by the Buyer's vessel easily.

"FAS Name of Vessel" means that the seller should deliver the goods next to the Vessel named so that it may then be re-loaded into the vessel. The risk therefore passes to the Buyer from the Seller once this is done.

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4 0
3 years ago
In the context of Internet marketing, a _____ is a carefully selected group of consumers who agree to participate in an ongoing
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7 0
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Which of the following characteristics apply to taxable fringe benefits? (Check all that apply.)
EleoNora [17]

Answer:

Employers treat the taxable fringe benefits the same as cash compensation.

Explanation:

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Fringe benefits are "perks and additions to normal compensation that companies give their employees, such as life insurance, tuition assistance, or employee discounts".

* The cost of the taxable fringe benefit is deductible to the employer, not the value of the benefit to the employee.

FALSE,  the taxable fringe benefit is not deductible from the employer.

* Employers treat the taxable fringe benefits the same as cash compensation.

TRUE, and as we can see on the definition above the taxable fringe benefits are treated as a compensation that comapnies giv their employees.

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