Chapter 11,12, 13, & 14

weight per volume

Product density refers to a product's

is generally viewed as adequate for accommodating existing wide body aircrafts

A 3,047 meter (10,000 foot) runway is significant because it _____

commercial invoice

A ____ is similar in nature to a domestic bill of lading and summarizes the entire transaction.

Shipper's mark

A ____ is used in areas in which dockworkers cannot read but need a method to keep documents and shipments together.

Shipper's export declaration

A ____ often serves as the basis for a company's official export statistics.

angle of repose

A dry bulk materials____ is important for determining the quantity that can be stored in a given location

Consolidation of several units into larger units to improve efficiency in handling and to reduce shipping costs.

A unit load involves:

require a certain percentage of traffic to move on a nation's flag vessels

Cargo preference rules ____.

Packaging

Refers to materials used for the containment, protection, handling, delivery, and presentation of goods

Economically developed; economically developing

Labeling requirements and enforcement tend to be more stringent in ______ countries than in ______ countires

cartels of ocean vessel operators operating between certain trade areas

Shipping conferences refer to ____.

The Class 200 rate is higher than the Class 100 rate

Suppose that a particular item is Class 200 according to the National Motor Freight Classification. What is the relationship between this item's rate and the rate for an item in Class 100?

$450

Suppose that there is a rate of $75 per hundredweight and you have a 600 pound shipment. What is the correct transportation charge for this shipment?

12,600 pounds

Suppose the LTL rate is $2.00 per hundredweight, the TL rate is $1.40 per hundredweight and the TL minimum is 18,000 pounds. What is the weight break?

Closed-loop

_____ systems consider the reverse flow of products, their reuse, and the marketing distribution of recovered products.

the distance between the inner sides of two parallel rail tracks

rail gauge refers to

receivers of freights

Consignees are:

Consolidate the shipments of several shippers

Freight forwarders:

Hundredweight

Freight rates in the United States are often expressed in dollars or cents per:

Transportation

In general terms, ____ accounts for about 6% of U.S. Gross Domestic Product.

Rails; trucks

In the US, ____ account for the largest share of ton-miles and _____ account for the majority of freight revenues

terms of sale for international shipments

Incoterms refer to:

a pallet

The basic unit in unit loading is:

mechanical devices can be substituted for manual labor

The major advantage of the unit load is:

materials handling

The short distance movement that usually takes place within the confines of a building such as a plant or DC and between a building and a transportation service provider

Five

There are ______ modes of trasportation

20 foot container

What container size is often used to rank water ports and measure containerships?

Balance of payments

What do we call a system of accounts that records a country's international financial transactions?

Packaging inefficiencies

What has been described as the "last frontier" of logistics savings opportunities?

A letter of credit

What international method of payment is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction?

Rate

What is the logistics term that signifies the price charged for freight transportation?

It becomes more costly to import products, but exports often surge

When one country's currency is weak relative to other currencies, ____.

Taxes

Which of the following is not a factor used to determine a product's classification?

FOB origin, freight collect and charged back

Which of the following is not a possible payment option (terms of sale) for U.S. domestic shipments?

Surface Transportation Board

With respect to U.S. economic regulation, the ____ has primary responsibility for resolving railroad rate and service disputes, reviewing potential rail mergers and some jurisdiction over motor carriers, domestic water transportation, and pipelines.

Tariffs

____ are taxes that governments place on the importation of certain items.

Stowability

____ refers to how easy a commodity is to pack into a load.

Transportation Management

____ refers to the buying and controlling of transportation services by either a shipper or consignee

Air

_____ is generally the fastest form of transportation for shipments exceeding 600 miles.

Transportation

_____ is the actual, physical movement of goods and people between two points.