What Is the Least Expensive Transportation Mode

question 12

Multiple Choice

What is the least expensive transportation mode?

• A)Air
• B)Trucking
• C)Railroads
• D)Water

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Definitions:

Working Capital

Working capital is the difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Salvage Recovered

The estimated value or amount that can be recovered from an asset at the end of its useful life through sale or recycling.

Investment Required

The amount of capital needed to undertake a specific project, purchase assets, or start a business.

Simple Rate

A basic or straightforward interest rate that does not take into account the effect of compounding.