Lesson 1

Question 1

Largest expenditure

Answer 1

Transportation

Question 2

Responsible for moving inventory throughout a firm’s supply chain customers

Answer 2

Transportation manager

Question 3

Means that a person or company provides transportation of passengers, regulated property, or household goods for compensation

Answer 3

For-hire carriers

Question 4

a large group of ships, airplanes, trucks, etc., operated by a single company or under the same company

Answer 4

Firms owned transportation fleet

Question 5

Movement of goods and people from one place to another

Answer 5

Transportation

Question 6

Without transport the whole world would be ____ and movement of goods and human beings would have been nearly impossible

Answer 6

Stagnant

Question 7

Comprises processes and systems used to manage the needs and requirements specific to the physical transportation of goods and cargo as part of supply chain or logistics management

Answer 7

Transportation management

Question 8

2 functionality / transportation provides two major logistics services

Answer 8

Product movement
Product storage

Question 9

basic value provided by transportation

Answer 9

Product movement

Question 10

Whether in the form of materials, components, work in process, or finished goods

Answer 10

Product movement

Question 11

Uses financial resources

Answer 11

Driver labor
Fuel
Vehicle maintenance
Capital invested in equipment
Administration

Question 12

a less visible aspect of transportation

Answer 12

Product storage

Question 13

Transport vehicles can also be used for _____ at shipment origin or destination

Answer 13

Temporary product storage

Question 14

another transport service having storage implications

Answer 14

Diversion

Question 15

occurs when the original shipment is changed after a product has been shipped

Answer 15

Diversion

Question 16

Six parties / participants

Answer 16

Shipper
Destination party
Carriers and agents
Government
Internet
Public

Question 17

the sender of a shipment in a contract of transport. Who wants to have their goods moved as quickly and safety as possible

Answer 17

Shipper or consignor

Question 18

A successful transaction is considered when all the goods are transported at the lowest cost and in the fastest time, from origin to the correct destination

Answer 18

Shipper (consignor)

Question 19

is the receiver of a shipment of freight

Answer 19

Destination party (consignee)

Question 20

wants transportation that is low-cost, reliable and capable of delivery in the shortest time possible

Answer 20

Consignee

Question 21

is the business that performs a transportation service

Answer 21

Carriers and agents

Question 22

wants to charge their customers the highest freight rate possible while minimizing labor, fuel, and vehicle operating cost

Answer 22

Carriers and agents

Question 23

are transportation agents that facilitate carrier and customer matching

Answer 23

Brokers and freight forwarders

Question 24

has a vested interest in transportation because of the critical importance of reliable service to economic and social well being

Answer 24

Government

Question 25

desires a stable and efficient transportation environment to support economic growth

Answer 25

Government

Question 26

also promote carrier development supporting research and providing right-of way such a roadway and airports

Answer 26

Government

Question 27

The primary advantage of the internet-based-communication is the ability of carriers to share real time information with customers and suppliers

Answer 27

Internet

Question 28

The final transportation system participants

Answer 28

The Public

Question 29

is concerned with transportation accessibility, expense, and effectiveness as well as environment protection, security, and safety

Answer 29

The public