Grantham LOG435 Final Exam Latest 2024

Grantham LOG435

Final Exam

Question 1

Export preparation activities include:

Trade terms selection

Carrier and route selection

Production of goods

Order fulfillment and packing

Question 2

What are ocean shipping rates based upon?

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Question 3

Aggregate transportation expenditures are about what percentage of GDP in the U.S.?

1%

10%

15%

20%

Question 4

A transportation shipment of 75 tons for 125 miles would be:

6250 ton-miles

3125 ton-miles

9375 ton-miles

200 ton-miles

Question 5

Why has P&G decided to jettison about half of their brands?

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Question 6

Describe the four step risk management process.

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Question 7

Risk management is defined as:

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Question 8

In transportation, this axiom “Don’t Ship Air” refers to:

Bubble wrap

Empty Barrels

Air Balloons

Empty space in equipment

Question 9

Industry associations serve two purposes in connection with policy development. They:

Develop proposed legislative and administrative ruling concepts, or serve as a united front to proposals harmful to the group

Meet with regulators and state agencies

Develop policy and position papers

Lobby and raise funds for political parties

Question 10

Why is the number of truck drivers expected to decrease?

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Question 11

In terms of thousands of tons per year, what it the busiest seaport?

Ningbo-Zhoushan

Singapore

Long Beach

Rotterdam

Question 12

Which mode is not covered under the National Transportation Policy?

Water carriers

Exempt carriers

Air carriers

Rail carriers

Question 13

The top 30 countries account for about what percentage of the world’s exports:

50

25

80

90

Question 14

The advantages of a sleeper cab include all EXCEPT:

Increases fuel efficiency

Reduces the cost of lodging

Allows one driver to accumulate off duty time in the sleeper

Allows for two driver teams

Question 15

Explain the roles and importance of geographic specialization. Is this role more important in a global economy?

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Question 16

Explain modalsplit and its importance.

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Question 17

This type of bridge involves a combination of ocean and rail transport to an inland location:

Micro land bridge

Port bridge

Mini land bridge

Land bridge

Question 18

In addition to its economic role, what other roles are associated with transportation:

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Question 19

Discuss the impact of fuel price instability on Motor Carriers. Indicate the answer choice that best completes the statement or answers the question.

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Question 20

The Maritime Administration (MARAD) was created to:

prevent the economic decline of the U.S. flag ocean carriers

address the needs of ship lines and builders wanting federal aid

be certain that there would be employment for U.S. sailors and mariners

pay subsidies to U.S. flag carriers who were having difficulty competing against foreign carriers.

Question 21

Describe private rail transportation.

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Question 22

Describe waterway congestion and the role of infrastructure.

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Question 23

Define direct service.

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Question 24

What is the second step in global transportation planning?

Route Planning

Mode Selection

Customer approach

Carrier selection

Question 25

What is a “graying population?”