Goods were shipped from a seller's warehouse with terms FOB shipping point. While in transit, the truck hauling the goods wrecked, and the goods were destroyed. Who will be compensated for the loss of the shipped goods?

a. The buyer.

b. The seller.

c. Both the buyer and the seller.

d. Not determinable

When evaluating the "goodness of fit" for a cost equation, managers look for higher standard errors.

True or False