Which of the Following Statements Is False

question 11

Multiple Choice

Which of the following statements is false?

• A)demurrage is a penalty payment made by the shipper or consignee to a railroad for keeping equipment beyond the time it should be released
• B)detention is similar to demurrage,except that detention applies to the pipeline industry
• C)averaging agreements can be used with demurrage
• D)carriers and shippers can negotiate demurrage / detention policies
• E)all statements are true

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Definitions:

Dimensions Of National Culture

Concepts that describe the effects of a society's culture on the values of its members, and how these values relate to behavior.

Individualism

A social theory favoring freedom of action for individuals over collective or state control, often associated with valuing independence and self-reliance.

Geert Hofstede

A Dutch social psychologist known for his work on cultural dimensions and their impact on business practices.

Uncertainty Avoidance

A cultural dimension describing the extent to which people in a society attempt to cope with anxiety by minimizing uncertainty.