Which of the Following Statements About Transporting by Rail Is

question 175

Multiple Choice

Which of the following statements about transporting by rail is true?

• A)It is the slowest mode of transportation.
• B)It is the least expensive mode of transportation.
• C)It is good for long-distance transportation of heavy,bulky items at low cost.
• D)It is the most efficient at handling less-than-carload (LCL)shipments.
• E)It accounts for more than 25 percent of transport revenues.

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Par Value

A nominal value assigned to a security or share, representing its minimum stated value.

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Market Price

The prevailing rate at which a service or asset is offered for sale or purchase in a market.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.