Using Airfreight Instead of Some Other Mode of Transporting May

question 145

Multiple Choice

Using airfreight instead of some other mode of transporting may result in:

• A) lower packing costs.
• B) lower total cost of distribution.
• C) less damage in transit.
• D) higher transporting costs.
• E) All of these alternatives are correct.

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Definitions:

Loss

The negative result when expenses exceed revenues during a specific period.

Sale

The exchange of goods or services for money or other compensation, forming the primary revenue-generating activity of a business.

Journal Entry

A record in accounting that logs every financial transaction a business makes, showing which accounts are affected and by how much.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use.