Which Mode of Transportation Is Most Important in Terms of Passenger-Miles

question 5

Multiple Choice

Which mode of transportation is most important in terms of passenger-miles?

• A) Air Carriers
• B) Rail Carriers
• C) Motor Carriers
• D) Pipelines

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Definitions:

Selling Division

A segment of a company focused on the sales and distribution of products or services.

Opportunity Cost

The value of the best alternative that is forgone when a particular decision is made, representing the benefits that could have been received from that alternative.

Transfer Price

The price charged when one responsibility center within a company provides goods or services to another responsibility center in the same company.

Return On Investment

A measure used to evaluate the efficiency of an investment or compare the efficiency of several different investments, calculated by dividing the benefit (return) of an investment by the cost of the investment.