Which Method of Transportation Is Particularly Subject to Rapid Technological

question 93

Multiple Choice

Which method of transportation is particularly subject to rapid technological change and to political influence?

• A) Water transportation
• B) Railway transportation
• C) Road transportation
• D) Air transportation
• E) Canals

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Definitions:

Average Sale Period

The average sale period is the average time taken to convert inventory into sales, often used to assess the efficiency of a business's inventory management.

Average Collection Period

The average time it takes for a company to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.

Year 2

Refers to the second year of a particular time frame, project, or financial period, often used in forecasting or comparing year-over-year performance.

Acid-Test Ratio

A stringent measure of liquidity that assesses a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.