Which of the Following Is Not a Legal Classification of Carriers

question 40

Multiple Choice

Which of the following is not a legal classification of carriers?

• A)exempt
• B)contract
• C)private
• D)third-party transportation

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Definitions:

Revenues

The total income generated from sales of goods or services before any expenses are deducted.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of shareholders or proprietors.

Revenues

The total amount of income generated from the sale of goods or services related to a company’s primary operations.

Expenses

The costs incurred in the process of generating revenue, typically categorized as operating or non-operating expenses.