Transportation Rates

question 18

Multiple Choice

Transportation rates:

• A) are established primarily through negotiation.
• B) are established primarily by government regulation.
• C) are lower for LTL than TL shipments.
• D) typically decrease as delivery speed increases.
• E) typically do not change when smaller shipments are consolidated.

---

Definitions:

Laspeyres Price Index

A measure of the change in the overall price of a specific set of goods and services over time, using the quantities of the goods and services purchased in the base period.

Consumption Bundle

A combination of goods and services that a consumer chooses to consume at a given time.

Prices

The total monetary value expected, called for, or delivered in payment for an object.

Laspeyres Price Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services over time, based on the quantities purchased in the base period.