Final answer:
The shipping arrangement where the buyer owns the goods upon shipment is known as FOB shipping point, and this term is significant for ownership and risk transfer in the global economy. Option B is correct.
Step-by-step explanation:
If the shipping terms indicate that the buyer owns the goods upon shipment from the seller, this arrangement is known as FOB shipping point. In this scenario, the buyer is responsible for the goods as soon as they are shipped, and not upon arrival at their destination. The term FOB, which stands for Free On Board, is crucial in determining when the ownership and risk transfer from the seller to the buyer. Cargo ships are among the various modes of transportation used in the global economy to move goods under such terms.