The Most Common Use of Information Technology in Transportation Is

question 75

Multiple Choice

The most common use of information technology in transportation is to

• A) determine transportation routes using software.
• B) calculate shipping rates.
• C) connect buyers and sellers.
• D) place person to person calls using cellular technology.

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Definitions:

Zero Balance Accounts

Bank accounts that maintain a balance of zero by automatically transferring funds to cover charges or replenishing from another account.

Concentration Banking

Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.

Wire Transfers

Electronic transfers of funds across a network administered by banks or transfer service agencies globally.

Average Collection Period

The average number of days it takes a company to collect payments from its credit sales.