Explain how transportation adds utility to goods
Transportation adds utility to goods in number of ways. The basic utility of a good is based upon what the good is designed to do. For instance an iPod's primary utility is mobile music production. Transportation provides utility in the form of time and place utility. Additionally transportation also allows large scale production by connecting production sources with demand source in an efficient manner.
You might also like to view...
Indicate whether each of the following statements is true or false.When a company can identify more than one cost driver for a particular cost, it should use the cost driver with the strongest cause-and-effect relationship to the cost. Availability and cost of information are likely to influence a company's choice of cost drivers. A company should never use a cost driver unless there is a strong causal relationship between the cost and the cost driver. Different cost drivers almost always give about the same results when a cost is allocated to cost objects. In allocating costs among departments, a company must consider how department managers are likely to respond.
What will be an ideal response?
Key stakeholders need not be invited to participate in a kick-off meeting
a. True b. False Indicate whether the statement is true or false
The most appropriate style of leadership depends on which style the leader is most comfortable using.
Answer the following statement true (T) or false (F)
On January 1 of Year 1, Congo Express Airways issued $2,500,000 of 5% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $2,260,000 and the market rate of interest for similar bonds is 6%. The bond premium or discount is being amortized at a rate of $8,000 every six months. The company's December 31, Year 1 balance sheet should reflect total liabilities associated with the bond issue in the amount of
-
A. $141,000.
B. $2,338,500.
C. $109,000.
D. $125,000.
E. $150,000.