The Transportation Mode with the Highest Dollar Value of Freight

question 87

Multiple Choice

The transportation mode with the highest dollar value of freight in the United States is:

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

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Definitions:

360-Day Year

An accounting practice assuming twelve 30-day months, used for simplicity in calculations and financial models.

Exact Simple Interest

Interest calculated based on the principal amount for a specific number of days, using a 365-day year.

365-Day Year

A calendar method that assumes each year has 365 days for the purpose of interest calculation, ignoring leap years.

Milling Machine

A tool used in machining processes for shaping metal and other solid materials, utilizing rotary cutters to remove material.