How does a LASH ship differ from a ship that offers container service?

a. The LASH ship travel inland waterways

b. Container service involves only inland waterways

c. The LASH ship carries loaded barges

d. Container service is for make‑bulk shipments

How does a LASH ship differ from a ship that offers container service?

a. b. c. The LASH ship carries loaded

bargesd.

Which of the following is not a legally defined form of transportation?

a. Common carriersb. Contract carriersc. Exempt carriersd. Private carrierse. Preferred carriers

Which of the following is not a legally defined form of transportation?

a. b. c. d. e. Preferred carriers

Generally, at higher volumes of throughput, a firm should utilize:

a. A public warehouseb. A federal warehousec. A local warehoused. A private warehouse

Generally, at higher volumes of throughput, a firm should utilize:

a. b. c. d. A private warehouse

All of the following are true of Charter (or Tramp) shipping industry, except:

a. Consist mostly of shiploads of one commodity

b. Very cost orientedc. Usually meant for a single shipperd. Operate on fixed routes

All of the following are true of Charter (or Tramp) shipping industry, except:

a. b. c. d. Operate on fixed routes

Which charter vessel arrangement transfer full control of the ship to the charterer?

a. Voyageb. Timec. Demised. Liner

Which charter vessel arrangement transfer full control of the ship to the charterer?

a. b. c. Demised.

Three primary forms of ship chartering are used. Which charter form has the ship owner renting the vessel for a long period of time and the chartering party (or the shipper) furnishing the crew and physically operating the vessel?

a. One‑way voyage charterb. Two‑way voyage charterc. Time charterd. Bareboat or demise charter

Three primary forms of ship chartering are used. Which charter form has the ship owner renting the vessel for a long period of time and the chartering party (or the shipper) furnishing the crew and physically operating the vessel?

a. b. c. d. Bareboat or demise charter

When the terms of shipment are "CIF” (Cost, Insurance, Freight), the SELLER is responsible for all costs of the shipment except:

a. Export clearance and documentationb. Inland freight, in seller’s own

countryc. Loading on vessel in seller’s countryd. Ocean freighte. Unloading vessel in buyer’s country

When the terms of shipment are "CIF” (Cost, Insurance, Freight), the SELLER is responsible for all costs of the shipment except:

a. b. c. d. e. Unloading vessel in buyer’s

country

Which category of ocean shipping offers common carrier service, sailing on set schedules over specified sea routes?

a. Liner serviceb. Charter vesselsc. Private vesselsd. Demise charter vessels

Which category of ocean shipping offers common carrier service, sailing on set schedules over specified sea routes?

a. Liner serviceb. c. d.

What are the required inputs for an MRP?

a. Production planning file, inventory status file, master production schedule

b. Production planning file, master production schedule, bill of materials

c. Master production schedule, bill of materials, customer order file

d. Master production schedule, bill of materials, inventory status file

What are the required inputs for an MRP?

a. b. c. d. Master production schedule, bill of

materials, inventory status file

Capacity of ships, in general, is most likely to be defined in terms of

a. Deadweight tons (DWT) b. Net registered volume (NRV) c. Bale cubic (BC) d. Ship long tons (SLT) e. Measurement ship tons (MST)

Capacity of ships, in general, is most likely to be defined in terms of

a. Deadweight tons (DWT) b. c. d. e.

The cost structure of liner operations is

a. Largely fixed.b. Largely variable.c. Evenly balanced between fixed

and variable.d. Largely common and variable.

The cost structure of liner operations is

a. Largely fixed.b. c. d.

All of the following are true of the Liner shipping industry, except:

a. Operate on regular schedulesb. Operate on regular routesc. Usually meant for a single shipperd. Rates are publishede. Very service oriented

All of the following are true of the Liner shipping industry, except:

a. b. c. Usually meant for a single shipperd. e.

The objectives of stockless purchasing include all of the following except:

a. Lower inventory levelsb. Reduce administrative cost and

paperworkc. Increase the number of suppliersd. Provide for timely delivery of

material directly to the User. e. Standardize purchase items where

possible

The objectives of stockless purchasing include all of the following except:

a. b. c. Increase the number of suppliersd. e.

Container ship capacity is most likely to be defined in terms of

a. Deadweight tons (DWT) b. Net registered tons (NRT) c. Bale cubic (BC) d. TEU’s

Container ship capacity is most likely to be defined in terms of

a. b. c. d. TEU’s

According to Lardner's Law (also referred to as the law of squares in transportation and trade), if the transportation cost is cut in half the relevant market area is increased

a. 2 timesb. 4 timesc. .5 timesd. Stays the same

According to Lardner's Law (also referred to as the law of squares in transportation and trade), if the transportation cost is cut in half the relevant market area is increased

a. b. 4 timesc. d.

Demand for an item increases 10 percent, and the value of each unit increases 10 percent. What is the effect on EOQ (assuming everything else remains the same)?

a. EOQ increases 10 percentb. EOQ increases 20 percentc. EOQ decreases 10 percentd. EOQ stays the same

Demand for an item increases 10 percent, and the value of each unit increases 10 percent. What is the effect on EOQ (assuming everything else remains the same)?

a. b. c. d. EOQ stays the same

Rail computer systems identify cars for reconsignment and diversions. What are these cars called?

a. Rollersb. Passersc. Progressorsd. Tracers

Rail computer systems identify cars for reconsignment and diversions. What are these cars called?

a. Rollersb. c. d.

What is a pro-number?

a. The carrier name identificationb. A commodity codec. A location coded. A shipment identification numberse. The electronic transfer of funds

What is a pro-number?

a. b. c. A shipment identification numbersd.

Quality attributes of carrier service include all of the following except?

a. Modal selectionb. Transit time reliabilityc. Accuracy of shipment billing d. Loss and damage experience

Quality attributes of carrier service include all of the following except?

a. Modal selectionb. c. d.

What was the purpose of the rule of rate making in the Transportation Act of 1920?

a. To establish upper limits on motor carrier rates

b. To eliminate discriminationc. To establish set criteria for water

carrier rate makingd. To allow the railroads a fair return

on their investment

What was the purpose of the rule of rate making in the Transportation Act of 1920?

a. b. c. d. To allow the railroads a fair return

on their investment

Which of the following best describes the atmosphere of the federal control of transportation from 1887 to 1920?

a. Positive; developing a strong transportation system

b. Restrictive; controlling the railroad monopoly

c. Adequate; helping shippers and carriers equally

d. Ambivalent; aiding neither shippers or carriers

Which of the following best describes the atmosphere of the federal control of transportation from 1887 to 1920?

a. b. Restrictive; controlling the

railroad monopolyc. d.

Entry regulations are established in transportation to control which of the following?

a. Excessive rates b. Excessive competitionc. Monopolistic abusesd. The recapture of excess profits

Entry regulations are established in transportation to control which of the following?

a. b. Excessive competitionc. d.

The Transportation Act of 1920 provided that in the event a railroad made more than the prescribed return on investment, one-half of the excess was to be paid off to the ICC. What was this provision called?

a. The recapture clauseb. The refund clausec. The rule of rate makingd. The contingency clause

The Transportation Act of 1920 provided that in the event a railroad made more than the prescribed return on investment, one-half of the excess was to be paid off to the ICC. What was this provision called?

a. The recapture clauseb. c. d.

What did the 3R Act establish?

a. Amtrakb. Conrailc. Government control over Amtrakd. Federal regulation of the pipeline

What did the 3R Act establish?

a. b. Conrailc. d.

Which of the following created the Interstate Commerce Commission?

a. The Commission Organization Actb. The Act to Regulate Commercec. The Granger Lawd. The Transportation Act of 1920

Which of the following created the Interstate Commerce Commission?

a. b. The Act to Regulate Commercec. d.

Which of the following is correct regarding the zone of reasonableness established for air carriers using the standard industry level as a basis?

a. Above 5-10 percent, below 50 percentb. Above 15-20 percent, below 50

percentc. Above 50 percent, below 5-10 percentd. Above 50 percent, below 15-20

percent

Which of the following is correct regarding the zone of reasonableness established for air carriers using the standard industry level as a basis?

a. Above 5-10 percent, below 50 percent

b. c. d.

The motor carriers zone of rate flexibility allows the carrier to increase or decrease rates by which percent without ICC approval?

a. 5b. 7c. 9d. 10

The motor carriers zone of rate flexibility allows the carrier to increase or decrease rates by which percent without ICC approval?

a. b. c. d. 10

Which mode of transportation is excluded from the declaration of national transportation policy?

a. Airb. Motorc. Raild. Water

Which mode of transportation is excluded from the declaration of national transportation policy?

a. Airb. c. d.

In the early years of the airline industry, what was the major revenue source of the airlines?

a. Air freightb. Passengersc. U.S. Postal Service subsidiesd. WWI troop movements for the DoD

In the early years of the airline industry, what was the major revenue source of the airlines?

a. b. c. U.S. Postal Service subsidiesd.

The only true form of nationalization in the U.S. transportation system is:

a. Amtrakb. The Alaska Railroadc. Conraild. The U.S. Post Office

The only true form of nationalization in the U.S. transportation system is:

a. b. The Alaska Railroadc. d.

What is the relationship between the movement and storage elements of the logistics system?

a. Negative and indirectb. Negative and directc. Positive and indirectd. Positive and direct

What is the relationship between the movement and storage elements of the logistics system?

a. b. c. d. Positive and direct

Which of the following is a charge levied by a motor carrier on a shipper for holding carrier equipment beyond an acceptable time?

a. Dunnageb. Demurragec. Detentiond. Debarkation

Which of the following is a charge levied by a motor carrier on a shipper for holding carrier equipment beyond an acceptable time?

a. b. c. Detentiond.

Which segment of the pipeline industry has the largest number of miles of intercity pipelines?

a. Natural gasb. Oilc. Gathering linesd. Trunk lines

Which segment of the pipeline industry has the largest number of miles of intercity pipelines?

a. Natural gasb. c. d.

Which of the following pairs are only for-hire carriers?

a. Company-owned and exempt carriers

b. Regulated and private carriersc. Exempt and private carriersd. Regulated and exempt carriers

Which of the following pairs are only for-hire carriers?

a. b. c. d. Regulated and exempt carriers

Which is the proportion of variable costs to fixed costs in the cost structure of the air carriers?

a. 40/60b. 60/40c. 80/20d. 20/80

Which is the proportion of variable costs to fixed costs I the cost structure of the air carriers?

a. b. c. 80/20d.

Class I railroads carry what percentage of total intercity ton-miles of freight transported by mode?

a. 50b. 60c. 75d. 98

Class I railroads carry what percentage of total intercity ton-miles of freight transported by mode?

a. b. c. d. 98

Over 50% of railroads’ revenue dollar is expended for?

a. Maintenance “way” expensesb. Labor costsc. Depreciationd. Fuel costs

Over 50% of railroads’ revenue dollar is expended for?

a. b. Labor costs c. d.

Assuming the cost to place an order is constant, increasing Q* causes annual order cost to:

a. Decreaseb. Increasec. Remain the samed. Cannot be determined

Assuming the cost to place an order is constant, increasing Q* causes annual order cost to:

a. Decreaseb. c. d.

As customer service levels approach higher levels (80-90%)), required inventory levels begin to _______at a(n)________ rate.

a. Increase; increasingb. Increase; decreasingc. Decrease; decreasingd. Decrease; increasing

As customer service levels approach higher levels (80-90%)), required inventory levels begin to _______at a(n)________ rate.

a. Increase; increasingb. c. d.

Which is an impossible description of raw material?

a. Ubiquitous and pureb. Weight losing and ubiquitousc. Pure and localizedd. Weight losing and puree. None of the above

Which is an impossible description of raw material?

a. b. c. d. Weight losing and puree.

Demurrage is a charge for:

a. Penalty charge for going beyond normal load/unloading time

b. Penalty charge for being late with deliveryc. Penalty charged for freight auditsd. Penalty charge when a rate shark

examines all paid freight bills and spots overpayment due to wrong classification, wrong classification, wrong weight, or duplicate payment

Demurrage is a charge for:

a. Penalty charge for going beyond normal load/unloading time

b. c. d.

FAK rates make the most strategic sense for companies shipping:

a. Heavy, bulky itemsb. A variety of different types and

classes of items c. Light, but small items d. One or two different types and

classes of items

FAK rates make the most strategic sense for companies shipping:

a. b. A variety of different types and

classes of items c. d.

We can compare the cost of shipping at a higher volume than actual weight to realize a lower rate and lower shipping cost of shipping at the actual weight by determining the weight break formula:

a. LV rate * WB = HV rate * MWb. WB * LV rate = MW * HV ratec. HV rate * LV rate = WB * MWd. HV rate * LV rate = WB * MW

We can compare the cost of shipping at a higher volume than actual weight to realize a lower rate and lower shipping cost of shipping at the actual weight by determining the weight break formula:

a. b. WB * LV rate = MW * HV ratec. d.

Which refers to a situation where a charge is levied by a motor carrier on a shipper for holding carrier equipment beyond an acceptable loading or unloading time?

a. Dunnageb. Demurragec. Detentiond. Debarkation

Which refers to a situation where a charge is levied by a motor carrier on a shipper for holding carrier equipment beyond an acceptable loading or unloading time?

a. b. c. Detentiond.

What is the load factor for a month that has an air carrier with a plane that holds 120 pax and carries 75 pax each trip?

a. 75b. 120c. 62.5d. 1.6

What is the load factor for a month that has an air carrier with a plane that holds 120 pax and carries 75 pax each trip?

a. b. c. 62.5d.

You look at a map and all you see is Interstates I-15 and I-94, which region are you looking at?

a. Northeasternb. Southeasternc. Northwesternd. Southwestern

You look at a map and all you see is Interstates I-15 and I-94, which region are you looking at?

a. b. c. Northwesternd.

Which of the following is the motor carrier’s fractional share of the transportation freight market based on revenue ton-miles?

a. 1/8b. 1/4c. 1/3d. 1/2

Which of the following is the motor carrier’s fractional share of the transportation freight market based on revenue ton-miles?

a. b. 1/4c. d.

With what type of purchase would you need to identify all possible suppliers?

a. A straight rebuyb. A modified rebuyc. A new buyd. Routine purchase

With what type of purchase would you need to identify all possible suppliers?

a. b. c. A new buyd.

The average inventory of XYZ Company is valued at $500,000. The annual carrying cost of carrying the inventory is 20 percent. Which is the annual cost of carrying inventory?

a. $50,000b. $100,000c. $200,000d. $500,000

The average inventory of XYZ Company is valued at $500,000. The annual carrying cost of carrying the inventory is 20 percent. Which is the annual cost of carrying inventory?

a. b. $100,000c. d.

All of the following are assumptions of the EOQ except:

a. Constant and known rate of demand

b. Consistent lead timec. No stock-outs allowedd. Capital availability is limitede. No inventory in transit

All of the following are assumptions of the EOQ except:

a. b. c. d. Capital availability is limitede.

All the following are inventory risk costs except:

a. Obsolescenceb. Taxesc. Damaged. Shrinkagee. Relocation costs

All the following are inventory risk costs except:

a. b. Taxesc. d. e.

How do carrying costs and order costs vary in the simple EOQ model?

a. According to the time of the year and seasonality of demand

b. Directlyc. Inverselyd. Not at all

How do carrying costs and order costs vary in the simple EOQ model?

a. b. c. Inverselyd.

Full cost equals $10 million. Variable cost of the inventory is 78% of the full cost. If inventory carrying cost is 30%, then the cost of carrying the inventory investment for one year is:

a. $7.8 millionb. $3.0 millionc. $2.3 milliond. $10 millione. None of the above are correct

Full cost equals $10 million. Variable cost of the inventory is 78% of the full cost. If inventory carrying cost is 30%, then the cost of carrying the inventory investment for one year is:

a. b. c. $2.3 milliond. e.

Using the fixed order quantity model under conditions of certainty, which is the reorder point if lead time is a constant 5 days, and yearly demand is 10,000 units (assume 250 working days in the year)?

a. 100b. 200c. 400d. 5,000

Using the fixed order quantity model under conditions of certainty, which is the reorder point if lead time is a constant 5 days, and yearly demand is 10,000 units (assume 250 working days in the year)?

a. b. 200c. d.

Sinclair Machinery imported 300 engines from a manufacturer in France. The import duty paid was $1000. Finding no market for the engines, Sinclair re-exported the engines to Brazil and applied for a drawback. How much of the paid duty will Sinclair receive back?

a. $100b. $500c. $990d. None, duty paid cannot be

refunded

Sinclair Machinery imported 300 engines from a manufacturer in France. The import duty paid was $1000. Finding no market for the engines, Sinclair re-exported the engines to Brazil and applied for a drawback. How much of the paid duty will Sinclair receive back?

a. b. c. $990d.