Question 1

A transportation shipment of 75 tons for 125 miles would be:

Accepted Answer

A)  200 ton-miles 
B)  3125 ton-miles 
C)  9375 ton-miles 
D)  6250 ton-miles 
A)  200 ton-miles 
B)  3125 ton-miles 
C)  9375 ton-miles 
D)  6250 ton-miles C

Question 2

Value of service considers the _____________.

Accepted Answer

A)  role intramodal transport has on road networks 
B)  freight to weight ratio for rail shipping 
C)  impact of transportation costs and services on the demand for the product 
D)  None of these is correct. 
A)  role intramodal transport has on road networks 
B)  freight to weight ratio for rail shipping 
C)  impact of transportation costs and services on the demand for the product 
D)  None of these is correct. C

Question 3

Explain modal split and its importance.

Accepted Answer

Modal split is an analytical tool used to study and analyze the total transportation market for passenger and freight transport according to volume and mode. For passenger transportation more than 77 percent of the passenger mile traffic is private highway traffic. Since 1970 air travel has decreased in relative cost, as such air traffic passenger miles has increased, but it is still relatively small. Looking at freight, intercity modal split is dominated by trucks. Since 1990, rail share has increased in ton-miles due to the rising cost of fuel, but the lower cost recently has aided motor carriers.

Question 4

In the 21st Century, the U.S. Transportation System will face serious challenges from:

Accepted Answer

A)  Inadequate infrastructure 
B)  Sustainability issues 
C)  Energy costs 
D)  All of these are correct 
A)  Inadequate infrastructure 
B)  Sustainability issues 
C)  Energy costs 
D)  All of these are correct

Question 5

Which mode of transportation is most important in terms of passenger-miles?

Accepted Answer

A)  Air Carriers 
B)  Rail Carriers 
C)  Motor Carriers 
D)  Pipelines 
A)  Air Carriers 
B)  Rail Carriers 
C)  Motor Carriers 
D)  Pipelines

Question 6

Why is transportation considered a cost center in the firm?

Accepted Answer

Changes in price of

Question 7

Explain the roles and importance of geographic specialization. Is this role more important in a global economy?

Accepted Answer

Geographic specialization refers to the

Question 8

What is transportation's impact on the environment?

Accepted Answer

Transportation is the backbone of the ec

Question 9

Ozone reduction is a concern due to what compound used in refrigeration?

Accepted Answer

A)  carbon dioxide 
B)  chloroform 
C)  chlorofluorocarbons 
D)  chlorophyll 
A)  carbon dioxide 
B)  chloroform 
C)  chlorofluorocarbons 
D)  chlorophyll

Question 10

The sensitivity of customers to changes in price is called:

Accepted Answer

A)  Demand elasticity 
B)  Inelasticity 
C)  Fully landed cost 
D)  Marginal cost 
A)  Demand elasticity 
B)  Inelasticity 
C)  Fully landed cost 
D)  Marginal cost

Question 11

What is the usual demand metric for freight?

Accepted Answer

A)  Passenger distance 
B)  Ton-mile 
C)  Freight to weight ratio 
D)  Containers per mile 
A)  Passenger distance 
B)  Ton-mile 
C)  Freight to weight ratio 
D)  Containers per mile

Question 12

What is a major reason for lower freight transportation cost?

Accepted Answer

A)  more efficient use of equipment 
B)  lower demand 
C)  higher fuel prices 
D)  driver shortage 
A)  more efficient use of equipment 
B)  lower demand 
C)  higher fuel prices 
D)  driver shortage

Question 13

What was the purpose of the Kelly Act?

Accepted Answer

Grant airm

Question 14

What does the right of eminent domain mean?

Accepted Answer

A)  You can use force to protect your house 
B)  The government can seize your property for public use 
C)  If you are born in the U.S. you are a citizen automatically 
D)  Rail companies can seize your land 
A)  You can use force to protect your house 
B)  The government can seize your property for public use 
C)  If you are born in the U.S. you are a citizen automatically 
D)  Rail companies can seize your land

Question 15

What key element is critical to the ability to sell products made in large scale production facilities?

Accepted Answer

A)  efficient transportation 
B)  highly technical production 
C)  just in time sourcing 
D)  high quality design 
A)  efficient transportation 
B)  highly technical production 
C)  just in time sourcing 
D)  high quality design

Question 16

Explain the relationship between the political process and transportation.

Accepted Answer

The initial construction of nearly all t

Question 17

Demand for transportation at the macro is _______, while demand for transportation at the micro level is _______?

Accepted Answer

A)  elastic, elastic 
B)  elastic, inelastic 
C)  inelastic, inelastic 
D)  inelastic, elastic 
A)  elastic, elastic 
B)  elastic, inelastic 
C)  inelastic, inelastic 
D)  inelastic, elastic

Question 18

Explain how transportation can contribute to the economic value of a product.

Accepted Answer

Transportation cost has an important imp

Question 19

Explain time utility and its importance in the global markets.

Accepted Answer

The concept of time utility is similar t

Question 20

If a product costs $100 to produce, the firm expects 15% margin on the cost to produce and transportation per unit costs $5, what is the least price the firm is likely to accept for the product?

Accepted Answer

A)  115 
B)  120 
C)  105 
D)  100 
A)  115 
B)  120 
C)  105 
D)  100

A transportation shipment of 75 tons for 125 miles would be:

Value of service considers the _____________.

Explain modal split and its importance.

In the 21^st Century, the U.S. Transportation System will face serious challenges from:

Which mode of transportation is most important in terms of passenger-miles?

Why is transportation considered a cost center in the firm?

Explain the roles and importance of geographic specialization. Is this role more important in a global economy?

What is transportation's impact on the environment?

Ozone reduction is a concern due to what compound used in refrigeration?

The sensitivity of customers to changes in price is called:

What is the usual demand metric for freight?

What is a major reason for lower freight transportation cost?

What was the purpose of the Kelly Act?

What does the right of eminent domain mean?

What key element is critical to the ability to sell products made in large scale production facilities?

Explain the relationship between the political process and transportation.

Demand for transportation at the macro is _, while demand for transportation at the micro level is _?

Explain how transportation can contribute to the economic value of a product.

Explain time utility and its importance in the global markets.

If a product costs $100 to produce, the firm expects 15% margin on the cost to produce and transportation per unit costs $5, what is the least price the firm is likely to accept for the product?

Global Supply Chains the Role and Importance of Transportation

Transportation Technology and Systems

Costing and Pricing for Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Third Party Logistics

Transportation Risk Management

Global Transportation Management

Governmental Roles in Transportation

Issues and Challenges for Global Supply Chains

Filters

Exam 2: Transportation and the Economy

A transportation shipment of 75 tons for 125 miles would be:

Value of service considers the _____________.

Explain modal split and its importance.

In the 21st Century, the U.S. Transportation System will face serious challenges from:

Which mode of transportation is most important in terms of passenger-miles?

Why is transportation considered a cost center in the firm?

Explain the roles and importance of geographic specialization. Is this role more important in a global economy?

What is transportation's impact on the environment?

Ozone reduction is a concern due to what compound used in refrigeration?

The sensitivity of customers to changes in price is called:

What is the usual demand metric for freight?

What is a major reason for lower freight transportation cost?

What was the purpose of the Kelly Act?

What does the right of eminent domain mean?

What key element is critical to the ability to sell products made in large scale production facilities?

Explain the relationship between the political process and transportation.

Demand for transportation at the macro is _______, while demand for transportation at the micro level is _______?

Explain how transportation can contribute to the economic value of a product.

Explain time utility and its importance in the global markets.

If a product costs $100 to produce, the firm expects 15% margin on the cost to produce and transportation per unit costs $5, what is the least price the firm is likely to accept for the product?

Global Supply Chains the Role and Importance of Transportation

Transportation Technology and Systems

Costing and Pricing for Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Third Party Logistics

Transportation Risk Management

Global Transportation Management

Governmental Roles in Transportation

Issues and Challenges for Global Supply Chains

Filters

In the 21^st Century, the U.S. Transportation System will face serious challenges from:

Demand for transportation at the macro is _, while demand for transportation at the micro level is _?