Question 1

Reliability in transportation is defined as:

Accepted Answer

A)  the ability to get the freight from a specific origin to a destination. 
B)  consistency of transit time 
C)  the ability to move specific types of freight 
D)  the ability to keep freight safe 
A)  the ability to get the freight from a specific origin to a destination. 
B)  consistency of transit time 
C)  the ability to move specific types of freight 
D)  the ability to keep freight safe B

Question 2

Who has the power in the supply chain?

Accepted Answer

The retail giants such as Walmart and Target.

Question 3

Give an example of what is meant by the phrase demand is elastic or inelastic,and explain what this means.

Accepted Answer

Elasticity of demand measure the relationship between price and demand. Demand is said to be elastic if changes in prices (such as price increase)results in a percentage change in demand that is greater than the percentage change in price. For instance demand for concert tickets would be considered elastic if reducing the price by half created more than double the demand. Demand is considered inelastic if the percentage change in price is higher than the percentage change in demand. For instance gas is said to have inelastic demand,when price doubles demand may only go down 10 to 20% if that. If gasoline had elastic demand when price doubled people would drive half as much.

Question 4

Which mode of transportation has had the greatest impact on the location of major cities?

Accepted Answer

A)  Motor 
B)  Water 
C)  Rail 
D)  Pipeline 
A)  Motor 
B)  Water 
C)  Rail 
D)  Pipeline

Question 5

Which mode of has lost volume of freight between 1990 and 2006?

Accepted Answer

A)  Air 
B)  Pipeline 
C)  Rail 
D)  Water 
A)  Air 
B)  Pipeline 
C)  Rail 
D)  Water

Question 6

One major impact of rising energy costs with respect to sourcing is?

Accepted Answer

Companies are consid

Question 7

Landed cost is:

Accepted Answer

A)  The fee associated with landing an aircraft at an airport 
B)  The total cost of a product to include the transportation cost of getting it to market 
C)  The cost of transportation 
D)  Port charges 
A)  The fee associated with landing an aircraft at an airport 
B)  The total cost of a product to include the transportation cost of getting it to market 
C)  The cost of transportation 
D)  Port charges

Question 8

How much has motor / air passenger mile split changed between 1990 and 2006?

Accepted Answer

A)  The percentage of air increased 80% 
B)  The percentage of air decreased 80% 
C)  They remained unchanged 
D)  Not enough information to figure that out 
A)  The percentage of air increased 80% 
B)  The percentage of air decreased 80% 
C)  They remained unchanged 
D)  Not enough information to figure that out

Question 9

Which mode has seen the greatest increase in U.S.freight ton mile between 1990 and 2006?

Accepted Answer

A)  Air 
B)  Truck 
C)  Rail 
D)  Water 
A)  Air 
B)  Truck 
C)  Rail 
D)  Water

Question 10

One highly effective way to reduce the bull whip effect is to replace inventory with

Accepted Answer

A)  transportation 
B)  information 
C)  on line ordering 
D)  closer manufacturing 
A)  transportation 
B)  information 
C)  on line ordering 
D)  closer manufacturing

Question 11

The early focus of logistics was?

Accepted Answer

Physical d

Question 12

Please pick the correct formula for elasticity:

Accepted Answer

A)  % change in quantity / change in price 
B)  price/quantity 
C)  % change in price / % change in quantity 
D)  % change in quantity / % change in price 
A)  % change in quantity / change in price 
B)  price/quantity 
C)  % change in price / % change in quantity 
D)  % change in quantity / % change in price

Question 13

When did senior manager begin to recognize the profit potential associated with proper supply chain management?

Accepted Answer

A)  1910 
B)  1980s 
C)  1990s 
D)  2004 
A)  1910 
B)  1980s 
C)  1990s 
D)  2004

Question 14

Explain how technology has changed the economic landscape.

Accepted Answer

Looking back who can not agree that in t

Question 15

Explain the difficulties associated with heterogeneous nature of the transportation demand unit.

Accepted Answer

Transportation is considered to have a h

Question 16

Why do retailers now have the power in the supply chain?

Accepted Answer

A)  they are becoming manufacturers also 
B)  they represent the consumer 
C)  manufacturers have the power 
D)  they own their own logistics 
A)  they are becoming manufacturers also 
B)  they represent the consumer 
C)  manufacturers have the power 
D)  they own their own logistics

Question 17

What invention has led to the growth of suburban areas?

Accepted Answer

The automo

Question 18

Which of the following is likely to have inelastic demand?

Accepted Answer

A)  Ambulance service 
B)  Movie tickets 
C)  LCD televisions 
D)  Delivered pizza 
A)  Ambulance service 
B)  Movie tickets 
C)  LCD televisions 
D)  Delivered pizza

Question 19

Which of the following is not listed as one of the value of service characteristics for transportation?

Accepted Answer

A)  Landed cost 
B)  Transit time 
C)  Insurance rate 
D)  Reliability 
A)  Landed cost 
B)  Transit time 
C)  Insurance rate 
D)  Reliability

Question 20

A key strategy that has enabled companies to successfully meet the demands of empowered consumers is:

Accepted Answer

A)  lower prices 
B)  better quality 
C)  collaboration 
D)  24 hour service 
A)  lower prices 
B)  better quality 
C)  collaboration 
D)  24 hour service

Reliability in transportation is defined as:

Who has the power in the supply chain?

Give an example of what is meant by the phrase demand is elastic or inelastic,and explain what this means.

Which mode of transportation has had the greatest impact on the location of major cities?

Which mode of has lost volume of freight between 1990 and 2006?

One major impact of rising energy costs with respect to sourcing is?

Landed cost is:

How much has motor / air passenger mile split changed between 1990 and 2006?

Which mode has seen the greatest increase in U.S.freight ton mile between 1990 and 2006?

One highly effective way to reduce the bull whip effect is to replace inventory with

The early focus of logistics was?

Please pick the correct formula for elasticity:

When did senior manager begin to recognize the profit potential associated with proper supply chain management?

Explain how technology has changed the economic landscape.

Explain the difficulties associated with heterogeneous nature of the transportation demand unit.

Why do retailers now have the power in the supply chain?

What invention has led to the growth of suburban areas?

Which of the following is likely to have inelastic demand?

Which of the following is not listed as one of the value of service characteristics for transportation?

A key strategy that has enabled companies to successfully meet the demands of empowered consumers is:

Transportation: The Critical Link in the Economy

Transportation Regulation and Public Policy

Costing and Pricing in Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Transportation Risk Management

Global Transportation Planning

Global Transportation Execution

Third Party Logistics

Private Transportation and Fleet Management

Issues and Challenges of Global Supply Chains

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Exam 1: Transportation: Critical Link in the Supply Chain

Reliability in transportation is defined as:

Who has the power in the supply chain?

Give an example of what is meant by the phrase demand is elastic or inelastic,and explain what this means.

Which mode of transportation has had the greatest impact on the location of major cities?

Which mode of has lost volume of freight between 1990 and 2006?

One major impact of rising energy costs with respect to sourcing is?

Landed cost is:

How much has motor / air passenger mile split changed between 1990 and 2006?

Which mode has seen the greatest increase in U.S.freight ton mile between 1990 and 2006?

One highly effective way to reduce the bull whip effect is to replace inventory with

The early focus of logistics was?

Please pick the correct formula for elasticity:

When did senior manager begin to recognize the profit potential associated with proper supply chain management?

Explain how technology has changed the economic landscape.

Explain the difficulties associated with heterogeneous nature of the transportation demand unit.

Why do retailers now have the power in the supply chain?

What invention has led to the growth of suburban areas?

Which of the following is likely to have inelastic demand?

Which of the following is not listed as one of the value of service characteristics for transportation?

A key strategy that has enabled companies to successfully meet the demands of empowered consumers is:

Transportation: The Critical Link in the Economy

Transportation Regulation and Public Policy

Costing and Pricing in Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Transportation Risk Management

Global Transportation Planning

Global Transportation Execution

Third Party Logistics

Private Transportation and Fleet Management

Issues and Challenges of Global Supply Chains

Filters