Commuters in New York Have Often Installed Devices on Their

question 274

Multiple Choice

Commuters in New York have often installed devices on their cars that can be read automatically as they approach a tollbooth.This saves time, improves traffic flow, and means drivers don't need to keep suitable change in the car.It also offers New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day.Commuters in New York are experiencing

• A)price gouging.
• B)competitive pricing.
• C)off-peak pricing.
• D)internal marketing.
• E)external marketing.

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Definitions:

Liquidation

Liquidation is the process of bringing a business to an end and distributing its assets to claimants, often occurring when a company is insolvent.

Trustee

In a legal context, a trustee is responsible for managing the assets placed within a trust, ensuring the trust's terms are followed for the benefit of the beneficiaries.

Debtor

An individual or entity that owes money to another; a borrower in a financial transaction.

Insolvency Proceedings

Legal processes initiated when an individual or company is unable to repay their debts, leading to asset liquidation or reorganization plans.