What Is a Private Carrier

question 1

Multiple Choice

What is a Private Carrier?

• A) a trucking firm whose stock is not listed on any of the stock exchanges
• B) a trucking firm whose name does not appear on the equipment
• C) a trucking operation that only hauls freight for the firm which owns it
• D) a trucking firm that is not registered with the FMCSA

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Definitions:

Contract Acceptance

The process by which a party agrees to the terms and conditions of a contract, signifying their willingness to be legally bound by it.

Linear Programming

A mathematical modeling technique used for achieving the best outcome in a mathematical model whose requirements are represented by linear relationships.

Scarce Resources

Limited or insufficient resources that cannot fully meet the demand when needed.

Labour

The human effort, both physical and mental, used in the production process.