Containerization Requires a Heavy Investment

question 119

Multiple Choice

Containerization requires a heavy investment

• A) in vessels alone.
• B) in both vessels and dockside handling equipment.
• C) in skilled merchant seamen.
• D) in the business of loading and unloading ships with manual labour.
• E) in a deintegrated global transport infrastructure.

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Definitions:

Manufacturing Overhead

All indirect costs associated with the production process, excluding direct material and direct labor costs.

Predetermined Overhead Rate

A rate established in advance to allocate overhead costs to products or services based on a specific activity base.

Machine-Hours

A measure of production time where one machine-hour equals the operation of one machine for one hour.

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process, used as a base for allocating overhead costs to products.