List the five modes of transportation. For each mode provide a brief description (or examples) of the type of cargo that typically travels via that mode of transport
a . MOTOR: Motor carriers are actually quite versatile, so nearly anything from packaged household goods to building materials to liquid petroleum are all candidates to be moved via motor carrier.
b. RAIL: Rail carriers typically carry very heavy shipments. This might include heavy building materials, construction equipment, or coal.
c. AIR: Air carriers typically carry items with a high cost to weight ratio. In other words, air carriers carry very light, high-value goods that need to travel long distances quickly. This might include items like jewelry, fine wines, or even racehorses. On occasion items are also shipped by air because of an emergency, for convenience, or perhaps to offset high packaging and/or insurance costs.
d. WATER: Water carriers typically haul heavy, bulky, low value materials like cold, grain, and sand. Nonetheless, because transport by water is so cheap almost any item may be shipped by water. Some items that typically travel via water carrier include: automobiles, petroleum, liquefied natural gas, containerized cargo, frozen fish, and produce.
e. PIPELINE: Pipelines move materials only when they are in a liquid or gaseous state. Items that would typically move via pipeline include: petroleum, coal in a slurry form, natural gas, drinking water, or gasoline.
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Answer the following statements true (T) or false (F)
1. According to equity theory, we compare what we get out of an endeavor to what we put into it and draw a conclusion as to the fairness of the ratio independent of external standards of comparison. 2. Employee empowerment can have unintended consequences. 3. Because financial incentives change behaviors, managers have to ensure the performance measures they use will focus employees on what they want to do. 4. Cash rewards are better than non-cash rewards for the organization because they fill the employees’ needs to pay off a bill or celebrate their achievement.
A firm's pricing strategy includes plans for prices for the final consumer as well as pricing that the firm will charge wholesalers and retailers
Indicate whether the statement is true or false
The EPA may impose criminal fines and seek incarceration or imprisonment for persons who are convicted of violations of some environmental laws
a. True b. False Indicate whether the statement is true or false
Scenario 3.1 Use the following to answer the questions. Meyers Sporting Goods, a national chain, has been doing business with Soljur Sports, a manufacturer of skateboards, for several years. Recently, it came to the attention of Meyers' financial director that the average cost per Soljur Sports skateboard had substantially increased over that of the previous year. The financial director asked the marketing department if they knew what the Soljur skateboards cost at competing sporting goods stores, to see if they too were likely hit with a higher cost. The marketing department found that the Soljur skateboards were priced at $15 less in the competing store than at Meyers. The financial director found that Soljur Sports was selling a similar number of skateboards to one of Meyers'
competitors for $10 less per skateboard. The attorney for Meyers Sporting Goods immediately filed a complaint with the Federal Trade Commission. Refer to Scenario 3.1. If the Federal Trade Commission believes that Soljur Sports is acting in violation of the law, the first move for the FTC is to A. issue a cease-and-desist order. B. issue a complaint stating that the business is in violation of the law. C. seek a monetary penalty. D. issue negative publicity about the company. E. contact the sporting goods manufacturers association.