OMIS WOOSLEY 320 CH. 9

Which of the following legislative acts is NOT in support of transportation deregulation?

Reed-Bulwinkle Act

What is the abbreviation for a truck trailer which is placed on a flat railcar that would then be pulled by a train engine?

TOFC

Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?

Trading

Which of the following would be considered an act of deregulation?

Trucking Industry Regulatory Reform Act − Motor carriers freed from filing rates with the Interstate Commerce Commission

According to the text, FOB destination pricing is typically preferred for all of the following EXCEPT:

Buyer is purchasing a reoccurring order

Which of the following is NOT a characteristic of cost-of-service pricing?

Carriers price their services at the highest levels the markets will bear

Which of the following types of warehouses takes a large number of LTL shipments and repackages them in TL or CL quantities to a manufacturer or user-facility located in another area or region?

Consolidation warehouse

The acts of receiving shipments, breaking down shipments, repackaging shipments, and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as:

Crossdocking

The following are all examples of lean warehousing capabilities EXCEPT:

Decreased assembly operations

Which of the following is similar to a travel agent for cargo since they provide services like documentation completion, special rate handling, and customs clearance, in addition to their consolidating of small shipments to fill entire truckloads?

Freight Forwarder

A transportation intermediary used to consolidate large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates is referred to as:

Freight forwarder

Which of the following was NOT mentioned in the textbook as being one of the more popular logistics management software applications?

Freight management systems

The first major transportation regulation in the U.S. was which of the following:

Granger Laws

Public warehouses can provide a wide range of services. Which of the following is NOT one of the services offered by public warehouses?

High security shipment

The transportation legislation that created the Interstate Commerce Commission (ICC) was which of the following:

Interstate Commerce Act

What does LTL stand for in the transportation industry?

Less-Than-Truckload

Which of the following is NOT consistent with a decentralized warehousing system?

Lower total operating costs

According to the textbook, the largest ocean containerships can carry how many twenty-foot containers?

Over 10,000

According to the text, a warehouse location strategy that proposes locating a warehouse closest to the sources of supply is referred to as:

Product positioned strategy

Real time location systems (RTLS) are used for the following type of transportation:

Rail Carriers

According to the text, currently the three largest private warehouse operators in North America are:

United Parcel Service, Wal-Mart and Sears Holding Corp.

Which of the following modes of cargo transport can be characterized as being the most inexpensive and very slow, yet good for transporting very heavy goods a long-distance?

Water Carriers

A small LTL shipment that originates on a truck in Los Angeles and is moved from Los Angeles to Phoenix where it is unloaded and put onto another truck for final shipment to Denver would be considered an intermodal shipment since it utilizes more than one vehicle during shipment.

false

According to the textbook, the five basic modes of transportation are motor, rail, air, water, and cyberspace.

false

In cost-of-service pricing, the cost of shipping increases proportionally with distance.

false

International intermediaries can provide shipping, consolidation, and other import and export services. Some examples of these international intermediaries include: foreign freight forwarders, NVOCCs, FTZs, and TOFCs.

false

The Department of Transportation was created by the 1920 Transportation Act.

false

While high speed trains in the United States are commonly utilized to provide quick delivery of product, countries like Japan and France are struggling to develop a competitive high-speed rail system.

false

While transportation regulation and deregulation both have their supporters, proponents of regulation consider it to be good since it is said to encourage competition and allows the negotiation of prices to dictate market costs.

false

The supply chain management element that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements is also referred to as:

logistics

Which of the following carriers typically transports goods for the company that owns the carrier, they are not subject to economic regulation, and since the fleets are rather large the cost of transport is very likely less than if the company had hired another company to provide the service?

private carrier

Warehousing is considered a very important part of the transportation process. Why is it, though, that many buildings that used to be called warehouses typically refer to themselves as distribution centers nowadays?

the traditional role of warehouses, the changes to supply chains, and the Cross-Docking activities now performed at distribution centers.

A shipment that originates in Los Angeles and is placed inside a sealed standardized 8' by 8' by 20' container attached to a truck trailer and is moved from Los Angeles to Phoenix where the container is then moved to a railcar for final shipment to Denver where it would then be loaded onto another truck trailer would be considered an intermodal shipment since the container remained sealed throughout the shipment.

true

Because air transport is so expensive the best cargo candidates for air travel are those cargo shipments with a high cost to weight ratio.

true

Efficient supply chain management distribution requires that modern warehouses concentrate their efforts on a wide array of warehousing and distribution functions like storing purchases, work in progress inventories, and finished goods inventories, receiving shipments, breaking down shipments, repackaging, and the distribution of components.

true

Generally speaking, rail carriers are less expensive than motor carriers.

true

In order to provide more comprehensive delivery service, some freight-only airlines have invested in developing their own motor carrier fleets to provide full door to door service delivery.

true

Limitations of air carrier transport include cost and airport accessibility.

true

Private warehouses refer to warehouses that are owned by the firm storing the goods.

true

Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.

true

Some of the e-commerce related services that transportation companies offer nowadays to remain competitive include allowing customers to plan itineraries, get freight quotes, and track shipments online.

true

The primary difference between FOB origination and FOB destination is that FOB destination requires that the supplier legal own the product until it reaches the destination; in FOB origination the buyer takes ownership immediately and is thus responsible for arranging delivery.

true

The responsibility of transportation is to create both time utility and place utility, which means that products will be delivered at precisely the right time to the desired location.

true

When a supplier provides a price quote to a buyer for supplies that includes transportation to the buyer's location this is known as FOB destination pricing, or free on board to the shipment's destination.

true

With FOB pricing, a supplier is the legal owner of a product until the product reaches its destination.

true