What Is the Disadvantage of Transporting Goods by Truck

question 218

Multiple Choice

What is the disadvantage of transporting goods by truck?

• A)Trucks are not reliable in meeting delivery schedules.
• B)The number of locations served by trucks is very limited.
• C)Trucks have a limited ability to handle a variety of goods.
• D)The cost of transportation is higher than with pipeline or rail.
• E)Trucks are not suitable for moving small quantities of goods for shorter distances.

Understand the reporting and classification of bank indebtedness.

Apply knowledge of cash equivalents and bank indebtedness to bank reconciliation processes.

Understand the principles behind selecting an inventory cost formula and its impact on cost matching.

Recognize the treatment and reporting requirements for inventory write-downs and recoveries.

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Definitions:

Ucc

UCC stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Consumer Lease

A contractual agreement where a lessee (consumer) agrees to rent personal property for personal, family, or household purposes for a fixed period or indefinitely.

Article 2A

A set of laws within the Uniform Commercial Code that governs leasing of goods.

Confirmation Letter

A confirmation letter is a written document that acknowledges the details or arrangements of a prior discussion or agreement.