A Transportation Firm Whose Services Are Available to All Shippers

question 195

Multiple Choice

A transportation firm whose services are available to all shippers is called a(n)

• A) freight forwarder.
• B) private carrier.
• C) common carrier.
• D) express carrier.
• E) contract carrier.

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Definitions:

Assets and Liabilities

Elements of a financial statement; assets represent resources owned, while liabilities represent obligations owed.

Disappearing Corporation

A scenario where a corporation intentionally vanishes or dissolves, often to evade legal responsibilities or liabilities.

Appraisal Rights

Legal rights that allow shareholders to have their shares appraised and obtain payment of the fair value in certain transactions, such as mergers or consolidations.

Statutory Procedures

Legal processes and methods prescribed by statute that govern how rights, responsibilities, and obligations are to be executed and enforced.