Regarding Alternative Transporting Modes, Which of the Following Statements Is

question 9

Multiple Choice

Regarding alternative transporting modes, which of the following statements is TRUE?

• A) Waterways serve the most locations.
• B) Airways offer the most expensive transporting mode.
• C) Railways provide the lowest cost considering weight.
• D) Trucks offer the fastest speed.
• E) Pipelines in the U.S. are located mostly in the Northeast.

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Definitions:

Credit Policy

A set of guidelines that a company follows to determine credit terms for customers, including payment terms, credit limits, and how to manage past-due accounts.

Short-Term Credit

A type of financing or line of credit that is designed to be repaid within a short period, typically less than one year, used for immediate cash flow needs.

Credit Terms

These are the payment conditions imposed by the seller on the buyer, including payment deadline, discount for early payment, and penalty for late payment.