Compared to rail transportation, one of the advantages of shipping by truck is that trucks "Can reach more destinations".
<h3>What is rail transportation and road transportation?</h3>
- Rail transportation: Train travel is another name for rail travel. It is a mode of transportation that uses cars that travel on tracks (rails or railroads). It is one of the most significant, frequently used, and highly affordable methods of transportation for both people and products across long and short distances.
- Road transportation: Road transport refers to the movement of people and goods across a network of roads. A road is a path between two points that has been paved or otherwise improved to allow travel by both motorised and non-motorised carriages.
The advantages of raid transport over rail transport are-
- Road construction is substantially less expensive than building railroads.
- In hilly and undulating terrain, roads may be built with ease.
- Highways connect railway stations, airports, and seaports, acting as a feeder to other forms of transportation.
- They offer individuals and vehicles to commute to a variety of areas and assist them in getting there without any problems.
- Road transport is the practice of moving goods or people along a road network from one location to another.
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An economic depression is when the price of the goods in the market is decreasing. Your income will be less as the prices of the goods are low
<em>Answer: The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources</em>
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<em>Explanation:</em>
Answer: They include land (including natural resources), capital, and labor.
Explanation:
Answer:
The correct answer is option D.
Explanation:
The ethical principles in business are not much different from the ethical principle in general. They are not separately based on some other special rules to judge business conduct. They are judged from the society's perspective of right and wrong.
There are two schools of ethical principles, namely, ethical universalism and ethical relativism. Universalism believe that the concept of right and wrong are universal. While, on the other hand, relativism school believes that they vary according to local customs.
Though universal ethical principles from different societies form a kind of informal contract that all individuals and organizations have to follow.
Failure to observe these principles not only corrode company's reputation but have also other adverse effects and costs involved.
