Compare any four transportation modes by volume of goods moved in the United States and apparent strengths and weaknesses
What will be an ideal response?
Answer: The five widely recognized transportation modes are highway, water, air, rail, and pipeline. Based on Table 8.1 in the text, from a dollar volume of goods moved, highway is over four times the volume of all other modes combined. From a tonnage standpoint, highway has two-thirds of the share, with water and rail each over 10% of share. From a ton-miles perspective, rail has 37% of the business, highway has almost 30% of the market with water and pipeline at 20% or lower. Highway transportation has great flexibility but is neither the fastest nor cheapest option. Water and rail are both highly cost effective for bulky items and are somewhat limited in locations, especially water transportation. Both also suffer from relatively poor delivery reliability and speed. Air is the quickest mode of delivery but also usually the most expensive on a per-pound basis. Pipelines are suitable for fluids and lack flexibility.
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According to the text, an international business is
A. a company with operations in multiple nations. B. a company that exports. C. a company from a foreign country. D. a company that has foreign direct investment. E. a company with both exports and foreign direct investment.
A key characteristic of asset measurement is best described as:
a. average value based on all assets held by the company b. disposal cost less depreciation c. fair value at the acquisition date d. fair value less depreciation
Mission statements should ________ and be defined in terms of ________
A) be technology oriented; meeting the self-actualization needs of customers B) be product oriented; satisfying the esteem needs of customers C) embody the company's short-term plans; current opportunities D) be market oriented; satisfying basic customer needs E) address sales and profits; the net return on investments
Choose four of the barriers to communication and explain how they do, or may, impact you in your attempts to be successful in this course.
What will be an ideal response?