Price Is a Concept Relating to How Post-Deregulation Transportation Firms

question 42

Multiple Choice

Price is a concept relating to how post-deregulation transportation firms determine and impose charges for their services. Which is a distinguishing feature of this concept of price?

• A) the amount found in a Tariff Book as payment to a carrier for performing a transport service
• B) a lawful charge imposed by a carrier on a commodity movement
• C) a value or level that is determined based on prevailing market forces
• D) a charge determined primarily by considering a carrier's costs only

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Definitions:

Conflict Interests

Situations where someone’s personal interests could interfere with their duties or decision-making in a professional or official capacity.

Contract

A contract recognized by law, involving two or more parties, making it enforceable through legal proceedings.

Agency

The service an agent performs on behalf of a principal.

Breach Duties

The failure to perform obligations or duties as prescribed in a contract or by law.