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Logistics 7&8
chapter 7&8
| Question | Answer |
|---|---|
| when a carrier's transportation vehicle is used for temporary storage a firm typically has to pay. T/F | True |
| when the release of railroad equipment is detained by a shipper a detention charge may apply. T/F | False |
| A minimum charge represents the lowest cost per hundred weight a carrier offers. T/F | True |
| Which of the following is included in the cost of carrying inventory? | Heating and lighting a warehouse |
| the jones company learned that several other shippers located in its hometown had customers located in the same markets it serves. with this information Jones could find it advantage to investigate the potential of? | pooled delivery consolidation |
| Jones Company decided it would only deliver to each geographic market it serves once each week. This strategy is called? | schedule delivery consolidation |
| A pickup allowance reflects a discount given to a customer when they provide transportation on a shipment that otherwise would involve delivery. T/F | True |
| The main disadvantage of pipelines is that they can only transport liquids. | False |
| water transport has the highest fixed cost. T/F | False |
| the legislation that determines how many hours a locomotive operator can work is called Hours Of Service (HOS). T/F | False |
| RAJ company and lee company... which of the following is true? | IDK RAJ |
| The transportation mode having the best overall operating characteristics is Truck. T/F | True |
| Jones Company recently has calculated that the EOQ for a particular item is 1,000 units. However, Jones does not have enough capital to order that many units each time, so it only orders 250 units at a time. This will result in: ? | lower annual inventory carry cost than ordering the EOQ quantity. |
| which combination of transportation operating service Characteristics not correct? | capability, air is best; truck is worst |
| a company recently lowered its service performance from 99% product availability to 97% product availability . The change saved the company exactly $1million per year in inventory carrying cost. wants to lowest to 95% further change is likely to save ? | capital |
| the mode of transportation hauling the most tonnage is ? | Truck |
| Freight classification is a method to simplify the locations being serviced by a carrier. T/F | False |
| if a transportation vehicle has completed a delivery and is returned empty, the situation is called a? | deadhead |
| to facilitate classification of a large variety of different items being shipped on a single invoice a Traffic manager may want to consider? | FAK rates |
| A joint rate is applicable when two or more carriers participate in a specific transportation movement. T/F | True |
| If you want to find freight rates charged by a transportation company to deliver different size shipments between two cities you should check the bill of lading. T/F | False |
| Cost of capital or opportunity cost is one of the major "Carrying Costs" Another example of carrying cost is ? | all of the above |
| Pipeline has the highest dependability and frequency among alternative modes. T/F | False |
| Railroad mileage has declined over the past several decades. T/F | False |
| the main advantage of air transportation is safety. T/F | False |
| the document that lists and details the contents and conditions of a shipment is called? | bill of lading |
| As a general rule the greater the density the lower the freight rate. T/F | True |
| Trucking has superior operating characteristics in all categories except availability. T/F | True |
| When calculating Recorder Point (ROP) which of the following factors WOULD NOT affect the calculation? | items EOQ |
| Given the information above about RAJ and LEE, which of the following is true? | ? raj |
| A freight forward is an example of a non-operating intermediary. T/F | True |
| The significant difference between a class rate and a commodity rate is the type of freight being shipped. T/F | True |
| A batch of Raisin Bran that has been made at Kellogg's, but not yet packaged in its final cereal box would be an example of ---- inventory. | work-in process |
| The transportation economic principle that deals with economy of distance is? | tapering |
| Motor Carrier are the most used mode of transportation. T/F | True |
| intermodal transportation typically consists of using three modes to complete a shipment. T/F | False |
| Alpha Company places 10 orders per year with its supplier. Each order is for an amount exactly equal to the EOQ Apple's order cost has been determined to be $50 per order. Alpha carriers no safety stock at all. What is Alpha's ordering costs per year? | $500 |
| Which of the following is a non-operating transportation intermediary? | freight forward |
| The land bridge combines sea and rail transport. T/F | True |
| The transportation mode having the fastest point to point transit time is truck. T/F | True |
| If average lead time went up from 10 to 15 days , what will happen to EOQ? | No change in EOQ |
| if you want the consignee to be responsible for goods while they are intransit you should ship products? | FOB destination |
| Declining transport rates as the quantity shipped increases represent ? | economy of scale |
| Safety stock exists for which of the following reasons? | to provide protection against the uncertainties of demand. |
| Assume your firm uses Uniform Delivered Pricing. This will result in ? | customers located close to you paying a phantom freight. |
| Among the following choices which is typically the most expensive transportation mode ? | Air |
| which of the following is a product characteristic that directly influences transportation cost? | all of the above |
| The hazardous Materials Transportation Uniform Safety Act of 1990 was a form of? | transportation regulation. |
| under the transportation regulation the government established rates. t/f | True |
| Generally the least costly method of moving product that is not gaseous, liquid, or slurry is ? | Water |
| the rating reflects the cost of shipment from one location to another. T/F | False |
| Air transportation is characterized by low fixed and high variable cost. T/F | True |
| since 1995 the use of intermodal transportation has? | increased significantly |
| How many units should RFC order each time? | 20 |
| if you need to find cost to ship 10,000 pounds from Lansing to Orlando you should look at the ? | tariff |
| what would average inventory be if RFC orders this quantity every time? | |
| with respect to transportation regulation today ? | more social/safety than ever |
Created by:
clopez5369