Based on the Differences in Terminal and Line-Haul Costs,which Form

question 32

Multiple Choice

Based on the differences in terminal and line-haul costs,which form of transportation is preferred over short distances?

• A) trucks
• B) air
• C) water
• D) rail
• E) There is no difference.

---

Definitions:

Net Income

The final amount a company retains as earnings after subtracting costs and taxes from its gross income.

Revenue

The total amount of money a company generates from its business activities, such as sale of goods or services, before any expenses are subtracted.

Asset

Property or something of value owned by a person or business that is considered as a resource having economic value expected to provide future benefits.

Stockholders' Equity

The remaining interest in a company's assets after its liabilities are subtracted, signifying ownership stake.