_____ as a Mode of Transport Serves a Very Limited

question 86

Multiple Choice

_____ as a mode of transport serves a very limited number of locations but has a high dependability in meeting schedules.

• A) Trucks
• B) Railroads
• C) Waterways
• D) Airfreight
• E) Pipelines

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Definitions:

Full Costing Income (FCI)

A method of accounting that allocates all fixed and variable costs to products, operations or projects to determine profitability.

Consolidated Accounts

Financial statements that represent the combined financial activities of a parent company and its subsidiaries.

Absorption Costing

A costing approach that encompasses all costs associated with production, namely direct materials, direct labor, and both variable and fixed overheads, in the product's final cost.

Variable Costing

An accounting method that only includes variable costs - costs that fluctuate with production volume - in the calculation of unit cost.