Which of the Following Is True of Transporting Goods Via

question 5

Multiple Choice

Which of the following is true of transporting goods via railroads?

• A) Railroads are ideal for the transportation of digital technology.
• B) Railroads are a specialized means of shipping petroleum, natural gas, and chemicals from sources to markets.
• C) Railroads are a cost-effective way to ship large amounts of bulk products over long distances.
• D) Railroads are the most flexible mode of transportation in their routing and time schedules.
• E) Railroads are the slowest mode of transportation and are the most affected by the weather.

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Definitions:

Ending Balance

The amount of money remaining in a financial account at the end of a reporting period, after all transactions have been accounted for.

Cash Account

An account that records cash transactions, including cash receipts and disbursements.

Direct Labor Costs

Expenses directly tied to the production of goods or services, which include wages and benefits paid to employees who physically produce a product.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, weighted by the standard labor rate.