Regarding Transportation Modes, Which of the Following Statements Is NOT

question 44

Multiple Choice

Regarding transportation modes, which of the following statements is NOT true?

• A) The majority of the pipelines in the U.S. are in the Southwest.
• B) Airfreight costs about the same as trucks for long distances, not counting the cost of transporting to and from the airport.
• C) Water transportation is the slowest shipping mode.
• D) Most cities in the United States are less than 200 miles from a major petroleum pipeline.

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Definitions:

Stockholders' Equity

The residual interest in the assets of an entity that remains after deducting its liabilities.

Common Shares

Equity securities that represent ownership interests in a corporation, providing voting rights and dividends.

Book Value

The value of an asset as it appears on a balance sheet, calculated by subtracting accumulated depreciation from the asset's cost.

Dividends in Arrears

Outstanding dividends on cumulative preferred stock that have not been paid by the corporation by the specified payment date.