The Mode of Transportation That Is Highly Cost Effective for Bulky

question 2

Multiple Choice

The mode of transportation that is highly cost effective for bulky items but has relatively poor delivery speed is:

• A) highway.
• B) water.
• C) rail.
• D) air.

Grasp the concepts of information overload and strategies for coping with it.

Assess the importance of context in communication, especially in high-context cultures.

Acknowledge the significance of word choice and the potential implications of red flag words in communication.

Understand the role and definition of theories in explaining events and predicting outcomes.

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Definitions:

Operating Income

The profit realized from a business's operations after deducting operating expenses such as wages and cost of goods sold.

Contribution Format

A type of income statement that separates fixed and variable costs to highlight the contribution margin.

Unit Contribution Margin

The amount that each unit sold contributes towards covering fixed costs and generating profit, calculated as the selling price per unit minus variable costs per unit.

Break-even Point

The level of sales or production at which total revenues equal total expenses, resulting in neither profit nor loss.