Transit Time Via Water Transportation Is the Longest of the Four

question 45

Multiple Choice

Transit time via water transportation is the longest of the four primary modes commodities. This modal service disadvantage has to be traded-off against the low-cost to the shipper for the transport of commodities. This tradeoff usually makes water transport attractive for which commodities?

• A) automobiles and construction machinery
• B) large, bulky and oversized shipments
• C) basic raw materials
• D) inventory items

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Definitions:

Personal Savings

The portion of an individual's income that is not spent on consumption or taxes and is instead retained for future use or investment.

United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

LDC

An acronym for Less Developed Country, referring to a nation with a lower level of industrialization and lower living standards.

Malawi

A landlocked country in southeastern Africa known for its diverse landscapes ranging from the Great Rift Valley to highlands and extensive lake Malawi.