Drop-Shippers

question 49

Multiple Choice

Drop-shippers:

• A) are used because it is cheaper for producers to ship to them by rail and let the drop-shipper drop the products off at local retailers with small trucks.
• B) never take title to the products they sell.
• C) typically sell large shipments, e.g., rail carloads.
• D) have very high operating expenses.
• E) are full-service merchant wholesalers.

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Definitions:

Estate

An individual's net worth, including all property, assets, and liabilities left behind at death.

Kelo V. City

A landmark Supreme Court case regarding the use of eminent domain to transfer land from one private owner to another to further economic development.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for individuals, including the right against self-incrimination and double jeopardy, as well as ensuring due process of law.

Profit

Financial gain obtained from an investment, operation, or venture after subtracting the expenses.