In the Context of Supply Chain, Which of the Following

question 13

Multiple Choice

In the context of supply chain, which of the following statements is true of modes of transportation?

• A) Transportation by planes is the fastest mode but has low flexibility in handling.
• B) Pipelines offer the lowest on-time dependability and the lowest frequency of shipments.
• C) Marketers usually rely on a single mode of transportation.
• D) Ships offer the least flexibility in handling but the highest on-time dependability.

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Definitions:

Incompetent Person

An individual legally declared unable to handle their own affairs due to mental or physical incapacity.

Guardian

A person legally appointed to manage and make decisions for someone who is unable to take care of their personal affairs, such as a minor or incapacitated individual.

Sufficient Funds

A term referring to the adequate amount of money in an account to cover drafts, checks, or transactions.

Electronic Funds Transfer Act

A U.S. law designed to protect consumers engaging in electronic transfer of funds, including ATM transactions and direct deposits.