Which of the Following Modes of Transportation Is the Costliest

question 52

Multiple Choice

Which of the following modes of transportation is the costliest?

• A) Railroads
• B) Air freight
• C) Water freight
• D) Pipelines

Comprehend financial basics in project management, including loans, interest, cash flow, net income, and investment evaluation methods like IRR.

Recognize the distinctive purposes and operational contrasts between for-profit and not-for-profit organizations.

Grasp the essential elements and processes involved in project planning, scope development, and initiation, including role clarification and stakeholder alignment.

Acknowledge the significance of effective communication in project management and the development of communication plans.

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Definitions:

Debit

A debit is an accounting entry that increases an asset or expense account, or decreases a liability or equity account, and is reflected on the left-hand side of an accounting ledger.

Liability Accounts

Accounts on a company's balance sheet that represent amounts owed to creditors, including loans, accounts payable, and other financial obligations.

Utilities Expense

Costs incurred for essential services such as electricity, water, gas, and sewage treatment in the operation of a business.

Equity

The residual interest in the assets of an entity after deducting liabilities, representing ownership interest in the company.