Transportation Operations - Learning Block 8 Practice Questions

Question 1

Free and Secure Trade is only applicable for Free and Secure Trade-lane shipments originating in:

Answer 1

Canada and Mexico

Question 2

Supply chain risk does not include:

Answer 2

Government regulations

Question 3

Under the Container Security Initiative, containers are inspected:

Answer 3

At foreign ports before shipment to the U.S.

Question 4

Which of these mathematical laws is the basis of the insurance industry?

Answer 4

The Law of Large Numbers

Question 5

Why does a ship’s master have the authority to jettison the ship’s cargo, if needed?

Answer 5

For crew or vessel integrity and safety

Question 6

The notion of risk in transportation is associated with:

Answer 6

Only negative occurrences

Question 7

The risk management approach where the final product is not assembled until as late as possible is called:

Answer 7

Postponement

Question 8

Amazon has relationships with over 20 less-than-truckload carriers for inbound freight. This is an example of which type of risk reduction?

Answer 8

Hedging

Question 9

Risk avoidance techniques deal with avoiding risks:

Answer 9

In their entirety

Question 10

Which initiative is voluntary?

Answer 10

Customs-Trade Partnership Against Terrorism