Question 1

What is the purpose of transportation insurance.

Accepted Answer

Insurance is a common method of risk transfer. Rather than setting aside a large pool of money to self-insure against these possible problems, most transportation companies purchase coverage from insurance companies. They are using the strategy of risk transfer as the means to place financial liability on the insurance company should the risk occur.

Question 2

The comprehensive port security law designed to keep nuclear, chemical, and biological weapons out of freight containers traveling to U.S. ports is called:

Accepted Answer

A)  Container Security Initiative 
B)  Aviation and Transportation Security Act 
C)  Maritime Transportation Security Act of 2002 
D)  Security and Accountability for Every Port Act (SAF
E)  
A)  Container Security Initiative 
B)  Aviation and Transportation Security Act 
C)  Maritime Transportation Security Act of 2002 
D)  Security and Accountability for Every Port Act (SAF
E)  D

Question 3

What is the final step in risk management?

Accepted Answer

A)  Reviewing and monitoring 
B)  Reduction 
C)  Identification 
D)  Analysis 
A)  Reviewing and monitoring 
B)  Reduction 
C)  Identification 
D)  Analysis A

Question 4

What is the term for an external supplier that perform all or part of an organizations logistics services?

Accepted Answer

A)  Freight forwarder 
B)  Consultant 
C)  Third party logistics service provider (3PL) 
D)  Just in time provider 
A)  Freight forwarder 
B)  Consultant 
C)  Third party logistics service provider (3PL) 
D)  Just in time provider

Question 5

Describe the key provisions of the SAFE Port Act.

Accepted Answer

The SAFE Port Act included provisions th

Question 6

A risk mitigation strategy should produce an action plan that identifies that includes all of the following except:

Accepted Answer

A)  Roles and responsibilities for developing the strategy 
B)  Resources required to carry out the planned actions 
C)  Conditions present in order for risk level to be acceptable 
D)  A way to get rid of the risk completely 
A)  Roles and responsibilities for developing the strategy 
B)  Resources required to carry out the planned actions 
C)  Conditions present in order for risk level to be acceptable 
D)  A way to get rid of the risk completely

Question 7

In 2016, the cost of ransomware attacks was approaching ______.

Accepted Answer

A)  $2 billion 
B)  $640 million 
C)  $1 billion 
D)  $64 million 
A)  $2 billion 
B)  $640 million 
C)  $1 billion 
D)  $64 million

Question 8

Describe the six common risk categories related to freight transportation.

Accepted Answer

Product Loss: BSI Group estimates that g

Question 9

How can countries promote a more secure transportation system?

Accepted Answer

Achieving a more secure freight transpor

Question 10

A deliberate product contamination risk is called?

Accepted Answer

A)  Tampering 
B)  Climate control failure 
C)  Exposure to contaminants 
D)  Hedging 
A)  Tampering 
B)  Climate control failure 
C)  Exposure to contaminants 
D)  Hedging

Question 11

The process which provides a baseline evaluation of risk in a rapid and cost-effective manner is known as:

Accepted Answer

A)  Quantitative risk analysis 
B)  Event management software 
C)  Qualitative risk analysis 
D)  Risk avoidance 
A)  Quantitative risk analysis 
B)  Event management software 
C)  Qualitative risk analysis 
D)  Risk avoidance

Question 12

Insurance is a common form of:

Accepted Answer

A)  Incoterms 
B)  Risk transfer 
C)  Port management 
D)  Maritime trade 
A)  Incoterms 
B)  Risk transfer 
C)  Port management 
D)  Maritime trade

Question 13

The objectives of the risk management process are:

Accepted Answer

Develop a common understanding of risk a

Question 14

Which risk reduction strategy provides additional resources to reduce risks related to capacity shortages or performance problems?

Accepted Answer

A)  Postponement 
B)  Buffering 
C)  Hedging 
D)  Transfer 
A)  Postponement 
B)  Buffering 
C)  Hedging 
D)  Transfer

Question 15

Risk transfer strategy provides a means to:

Accepted Answer

A)  Secure containers in a port 
B)  Insure drivers against criminal activity 
C)  Place liability on a third party 
D)  Thwart pirate attacks 
A)  Secure containers in a port 
B)  Insure drivers against criminal activity 
C)  Place liability on a third party 
D)  Thwart pirate attacks

Question 16

Describe three supply chain interruptions currently facing the transportation industry.

Accepted Answer

Industry Consolidation-in times of exces

Question 17

Risk management planning:

Accepted Answer

A)  Is not static 
B)  Is not a one-time process 
C)  Cannot be assumed to be implemented on its own 
D)  All of these are correct. 
A)  Is not static 
B)  Is not a one-time process 
C)  Cannot be assumed to be implemented on its own 
D)  All of these are correct.

Question 18

How can companies proactively deal with high-probability/high-impact transportation risks?

Accepted Answer

Develop and maintain relationships with

Question 19

Which of the following is not a common point of exposure for a potential security breach?

Accepted Answer

A)  Lax security processes 
B)  Unprotected transfer facilities 
C)  Data encryption 
D)  Shipment control breakdown 
A)  Lax security processes 
B)  Unprotected transfer facilities 
C)  Data encryption 
D)  Shipment control breakdown

Question 20

Which of the following is not a transportation risk reduction strategy?

Accepted Answer

A)  Use of generic packaging 
B)  Use of event management software 
C)  Monitor carrier finances 
D)  Use of least cost service provider 
A)  Use of generic packaging 
B)  Use of event management software 
C)  Monitor carrier finances 
D)  Use of least cost service provider

What is the purpose of transportation insurance.

The comprehensive port security law designed to keep nuclear, chemical, and biological weapons out of freight containers traveling to U.S. ports is called:

What is the final step in risk management?

What is the term for an external supplier that perform all or part of an organizations logistics services?

Describe the key provisions of the SAFE Port Act.

A risk mitigation strategy should produce an action plan that identifies that includes all of the following except:

In 2016, the cost of ransomware attacks was approaching ______.

Describe the six common risk categories related to freight transportation.

How can countries promote a more secure transportation system?

A deliberate product contamination risk is called?

The process which provides a baseline evaluation of risk in a rapid and cost-effective manner is known as:

Insurance is a common form of:

The objectives of the risk management process are:

Which risk reduction strategy provides additional resources to reduce risks related to capacity shortages or performance problems?

Risk transfer strategy provides a means to:

Describe three supply chain interruptions currently facing the transportation industry.

Risk management planning:

How can companies proactively deal with high-probability/high-impact transportation risks?

Which of the following is not a common point of exposure for a potential security breach?

Which of the following is not a transportation risk reduction strategy?

Global Supply Chains the Role and Importance of Transportation

Transportation and the Economy

Transportation Technology and Systems

Costing and Pricing for Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Third Party Logistics

Global Transportation Management

Governmental Roles in Transportation

Issues and Challenges for Global Supply Chains

Filters

Exam 10: Transportation Risk Management

What is the purpose of transportation insurance.

The comprehensive port security law designed to keep nuclear, chemical, and biological weapons out of freight containers traveling to U.S. ports is called:

What is the final step in risk management?

What is the term for an external supplier that perform all or part of an organizations logistics services?

Describe the key provisions of the SAFE Port Act.

A risk mitigation strategy should produce an action plan that identifies that includes all of the following except:

In 2016, the cost of ransomware attacks was approaching ______.

Describe the six common risk categories related to freight transportation.

How can countries promote a more secure transportation system?

A deliberate product contamination risk is called?

The process which provides a baseline evaluation of risk in a rapid and cost-effective manner is known as:

Insurance is a common form of:

The objectives of the risk management process are:

Which risk reduction strategy provides additional resources to reduce risks related to capacity shortages or performance problems?

Risk transfer strategy provides a means to:

Describe three supply chain interruptions currently facing the transportation industry.

Risk management planning:

How can companies proactively deal with high-probability/high-impact transportation risks?

Which of the following is not a common point of exposure for a potential security breach?

Which of the following is not a transportation risk reduction strategy?

Global Supply Chains the Role and Importance of Transportation

Transportation and the Economy

Transportation Technology and Systems

Costing and Pricing for Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Third Party Logistics

Global Transportation Management

Governmental Roles in Transportation

Issues and Challenges for Global Supply Chains

Filters