Which of the Following Is not Information Needed for a Transportation

question 92

Multiple Choice

Which of the following is not information needed for a transportation problem?

• A) the cost of shipping one unit from each origin to each destination
• B) the set of destinations and the demand at each
• C) the set of origins and the demand at each origin
• D) the list of sources and the capacity at each
• E) None of the above is needed.

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Definitions:

Fiat Money

Money not redeemable for any commodity; its status as money is conferred initially by government decree but eventually by common experience.

Fiat Money

Currency that has value and is legally recognized for transactions solely because of a government decree, without backing by a physical commodity.

Fractional Reserves

A banking system in which banks hold a fraction of their depositors' funds in reserve, lending out the remainder to earn interest.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen, representing the benefits an individual, investor, or business misses out on when choosing one option over another.