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“INDIVIDUAL QUESTIONS” SEGMENT

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  1. “INDIVIDUAL QUESTIONS” SEGMENT PLEASE ANSWER ON THE SCANTRON FORMS PROVIDED

  2. “INDIVIDUAL SECTION” • 25 QUESTIONS • 2 POINTS EACH • 20 SECONDS PER QUESTION • USE A PENCIL TO MARK YOUR ANSWER • DO NOT ERASE

  3. How does a LASH ship differ from a ship that offers container service? • The LASH ship travel inland waterways • Container service involves only inland waterways • The LASH ship carries loaded barges • Container service is for make‑bulk shipments

  4. How does a LASH ship differ from a ship that offers container service? • The LASH ship carries loaded barges

  5. Which of the following is not a legally defined form of transportation? • Common carriers • Contract carriers • Exempt carriers • Private carriers • Preferred carriers

  6. Which of the following is not a legally defined form of transportation? • Preferred carriers

  7. Generally, at higher volumes of throughput, a firm should utilize: • A public warehouse • A federal warehouse • A local warehouse • A private warehouse

  8. Generally, at higher volumes of throughput, a firm should utilize: • A private warehouse

  9. All of the following are true of Charter (or Tramp) shipping industry, except: • Consist mostly of shiploads of one commodity • Very cost oriented • Usually meant for a single shipper • Operate on fixed routes

  10. All of the following are true of Charter (or Tramp) shipping industry, except: • Operate on fixed routes

  11. Which charter vessel arrangement transfer full control of the ship to the charterer? • Voyage • Time • Demise • Liner

  12. Which charter vessel arrangement transfer full control of the ship to the charterer? • Demise

  13. Three primary forms of ship chartering are used. Which charter form has the ship owner renting the vessel for a long period of time and the chartering party (or the shipper) furnishing the crew and physically operating the vessel? • One‑way voyage charter • Two‑way voyage charter • Time charter • Bareboat or demise charter

  14. Three primary forms of ship chartering are used. Which charter form has the ship owner renting the vessel for a long period of time and the chartering party (or the shipper) furnishing the crew and physically operating the vessel? • Bareboat or demise charter

  15. When the terms of shipment are "CIF” (Cost, Insurance, Freight), the SELLER is responsible for all costs of the shipment except: • Export clearance and documentation • Inland freight, in seller’s own country • Loading on vessel in seller’s country • Ocean freight • Unloading vessel in buyer’s country

  16. When the terms of shipment are "CIF” (Cost, Insurance, Freight), the SELLER is responsible for all costs of the shipment except: • Unloading vessel in buyer’s country

  17. Which category of ocean shipping offers common carrier service, sailing on set schedules over specified sea routes? • Liner service • Charter vessels • Private vessels • Demise charter vessels

  18. Which category of ocean shipping offers common carrier service, sailing on set schedules over specified sea routes? • Liner service

  19. What are the required inputs for an MRP? • Production planning file, inventory status file, master production schedule • Production planning file, master production schedule, bill of materials • Master production schedule, bill of materials, customer order file • Master production schedule, bill of materials, inventory status file

  20. What are the required inputs for an MRP? • Master production schedule, bill of materials, inventory status file

  21. Capacity of ships, in general, is most likely to be defined in terms of • Deadweight tons (DWT) • Net registered volume (NRV) • Bale cubic (BC) • Ship long tons (SLT) • Measurement ship tons (MST)

  22. Capacity of ships, in general, is most likely to be defined in terms of • Deadweight tons (DWT)

  23. The cost structure of liner operations is • Largely fixed. • Largely variable. • Evenly balanced between fixed and variable. • Largely common and variable.

  24. The cost structure of liner operations is • Largely fixed.

  25. All of the following are true of the Liner shipping industry, except: • Operate on regular schedules • Operate on regular routes • Usually meant for a single shipper • Rates are published • Very service oriented

  26. All of the following are true of the Liner shipping industry, except: • Usually meant for a single shipper

  27. The objectives of stockless purchasing include all of the following except: • Lower inventory levels • Reduce administrative cost and paperwork • Increase the number of suppliers • Provide for timely delivery of material directly to the User. • Standardize purchase items where possible

  28. The objectives of stockless purchasing include all of the following except: • Increase the number of suppliers

  29. Container ship capacity is most likely to be defined in terms of • Deadweight tons (DWT) • Net registered tons (NRT) • Bale cubic (BC) • TEU’s

  30. Container ship capacity is most likely to be defined in terms of • TEU’s

  31. According to Lardner's Law (also referred to as the law of squares in transportation and trade), if the transportation cost is cut in half the relevant market area is increased • 2 times • 4 times • .5 times • Stays the same

  32. According to Lardner's Law (also referred to as the law of squares in transportation and trade), if the transportation cost is cut in half the relevant market area is increased • 4 times

  33. Demand for an item increases 10 percent, and the value of each unit increases 10 percent. What is the effect on EOQ (assuming everything else remains the same)? • EOQ increases 10 percent • EOQ increases 20 percent • EOQ decreases 10 percent • EOQ stays the same

  34. Demand for an item increases 10 percent, and the value of each unit increases 10 percent. What is the effect on EOQ (assuming everything else remains the same)? • EOQ stays the same

  35. Rail computer systems identify cars for reconsignment and diversions. What are these cars called? • Rollers • Passers • Progressors • Tracers

  36. Rail computer systems identify cars for reconsignment and diversions. What are these cars called? • Rollers

  37. What is a pro-number? • The carrier name identification • A commodity code • A location code • A shipment identification numbers • The electronic transfer of funds

  38. What is a pro-number? • A shipment identification numbers

  39. Quality attributes of carrier service include all of the following except? • Modal selection • Transit time reliability • Accuracy of shipment billing • Loss and damage experience

  40. Quality attributes of carrier service include all of the following except? • Modal selection

  41. What was the purpose of the rule of rate making in the Transportation Act of 1920? • To establish upper limits on motor carrier rates • To eliminate discrimination • To establish set criteria for water carrier rate making • To allow the railroads a fair return on their investment

  42. What was the purpose of the rule of rate making in the Transportation Act of 1920? • To allow the railroads a fair return on their investment

  43. Which of the following best describes the atmosphere of the federal control of transportation from 1887 to 1920? • Positive; developing a strong transportation system • Restrictive; controlling the railroad monopoly • Adequate; helping shippers and carriers equally • Ambivalent; aiding neither shippers or carriers

  44. Which of the following best describes the atmosphere of the federal control of transportation from 1887 to 1920? • Restrictive; controlling the railroad monopoly

  45. Entry regulations are established in transportation to control which of the following? • Excessive rates • Excessive competition • Monopolistic abuses • The recapture of excess profits

  46. Entry regulations are established in transportation to control which of the following? • Excessive competition

  47. The Transportation Act of 1920 provided that in the event a railroad made more than the prescribed return on investment, one-half of the excess was to be paid off to the ICC. What was this provision called? • The recapture clause • The refund clause • The rule of rate making • The contingency clause

  48. The Transportation Act of 1920 provided that in the event a railroad made more than the prescribed return on investment, one-half of the excess was to be paid off to the ICC. What was this provision called? • The recapture clause

  49. What did the 3R Act establish? • Amtrak • Conrail • Government control over Amtrak • Federal regulation of the pipeline

  50. What did the 3R Act establish? • Conrail