Which of the Following Is Correct with Regard to the Various

question 219

Multiple Choice

Which of the following is correct with regard to the various modes of transportation?

• A) Water transportation is the least expensive, but slowest of the various modes.
• B) One of the disadvantages of air travel is that it increases packing and handling costs.
• C) Trucks are a particularly good choice for long-distance distribution and for less expensive products.
• D) Overall, trucks are the best way to transport goods.
• E) All of these are correct.

Understand the effects of business transactions on the accounting equation.

Organize and assign account numbers in a ledger following a systematic approach.

Prepare and correct trial balances ensuring they reflect the normal balance of accounts accurately.

Journalize various types of business transactions and understand the impact on the financial statements.

---

Definitions:

Horizontal Structure

An organizational layout that emphasizes teamwork and collaboration among departments or teams, with a minimal level of hierarchy.

Divisional Structure

An organizational arrangement where operations are grouped based on similar products or services, markets, or geographic locations.

Functional Structure

Functional Structure refers to an organizational form where the company is divided into departments each handling a specific function, like marketing or finance, concentrating expertise but potentially limiting inter-department communication.

Vertical Structure

An organizational structure where authority flows from the top down, with a clear line of command.