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:

Selling And Administrative Expenses

Costs incurred by a company that are not directly tied to product manufacturing, including expenses like marketing, salaries of sales personnel, and management salaries.

Interest Expense

The cost incurred by an entity for borrowed funds, often expressed as an annual percentage of the principal.

Pro Forma Financial Statements

Pro forma financial statements are financial reports that project the future financial performance of a company, often using assumptions or hypothetical scenarios.

Sales Forecast Assumption

The underlying conditions and criteria used to project future sales for a business.