BUAD 331 MIDTERM 1 QUESTIONS AND CORRECT ANSWERS 2026 STUDY PACK

BUAD 331 MIDTERM 1 QUESTIONS AND
CORRECT ANSWERS 2026 STUDY PACK


◉ Which mode of transportation is best used to transport each of
the products listed below?


1. Heavy construction equipment
2. Domestic consumer packaged goods
3. International consumer packaged goods
4. Extremely high value goods
5. Petroleum or mineral slurry. Answer: 1. Rail
2. Motor
3. Water
4. Air
5. Pipe


◉ What invention by Malcolm McLean revolutionized how products
are shipped and reduced cost that is considered a key facilitator of
global trade?


Drones

,Driverless Trucks


TARS from the movie Interstellar


Shipping Containers


Fork Lifts. Answer: Shipping Containers


◉ What mode of transportation is the biggest competition for an
inland barge?


Truck


Pipeline


Rail


Air


Fork Lifts. Answer: Rail


◉ ______ + ______ = Rate bargaining power when negotiating rates.

, Volume + Consistency


Technology + Consistency


Rates + Consistency


Volume + Good Relationships


Volume + Value Density. Answer: Volume + Consistency


◉ Carriers will give you better rates if you give them revenue miles
in ______________.


Both cash and prizes


Both cash and bonuses


More delivery time


Both directions