LSCM 4560 EXAM 2 QUESTIONS WITH VERIFIED
ANSWERS
This type of motor carrier terminal is unique in that the freight is never touched. The
terminal is used to "swap" driver and is necessitated by hours of service (HOS)
regulations: - Answers - relay terminal
The number of motor carriers operating in the United States can be described as: -
Answers - Over 400,000. Deregulation combined with low barriers to entry have
resulted in a very large market number of carriers entering the market.
Consider a scenario where you have received an internship working as a project
manager for Neimann Marcus to deploy a new fashion apparel line. One of your tasks is
to select a motor carrier. A classmate suggested a company with an operating ratio of
99. Based on this information you should. - Answers - search for another carrier since
almost all revenue is consumed by expenses indicating financial trouble.
We can describe the cost structure for motor carriers as: - Answers - high variable costs
due to labor and fuel
Competition between motor carriers (intramodal competition) can best be described as:
- Answers - Intense. Motor carriers confront vigorous competition across the country.
Which component of a carrier's cost structure represents the largest proportion (greatest
percent) of the average cost per mile? - Answers - Labor (costs associated with driver)
Motor carriers move approximately what percent of the intercity ton-miles of freight in
the United States? - Answers - 39
Which of the following statements regarding private motor carriers is false? - Answers -
Can carry only the company's freight
The truckload (TL) motor carrier industry is characterized by intense competition. The
number of motor carriers operating in the US is: - Answers - over 400,000
Competition within the motor carrier industry can best be described as: - Answers -
Intense in both segments
Motor carriers compete effectively with rail carriers - Answers - In distances under 500
miles
, The most severe competition for for-hire carriers comes from: - Answers - Private
carriers
Motor carriers typically transport: - Answers - finished, consumer goods
Motor carriers possess several advantages in terms of their operating and service
characteristics. They possess a unique inherent advantage in terms of: - Answers -
Accessibility
The single largest expense [cost] for motor carriers is: - Answers - Labor
Motor carries use this type of terminal to transfer crews between trucks: - Answers -
Relay
The operating ratio is a measure of: - Answers - Financial stability (operating costs ÷
operating revenues)
Deregulation of motor carriers resulted in numerous failures of trucking companies.
These failures can be most likely explained by: - Answers - Many companies were
unable to adapt to a market involving more competitive pricing and entry/exit
Truck drivers represent a major issue for the motor carrier industry due to: - Answers -
The shortage of drivers
Hours of service (HOS) regulations: - Answers - Limit drivers to fourteen consecutive
hours of on-duty time per day
Road [motor] transportation have limited potential to achieve economies of scale due to:
- Answers - size constraints imposed by governments.
To ensure the consistent and efficient routing of vehicles over time: - Answers - the
sequence of stops should form a tear-drop shape
Private fleets that operate their trucks on routes with a high concentration of freight and
that outsource the remainder of their customers to other carriers are probably applying
which of the following routing principles? - Answers - Use for-hire carriers for remote
locations.
A retailer requires that suppliers shipping to its distribution center must have the
shipments arrive within a 15-minute window. Although this practice benefits the retailer,
the shipper will violate which of the following routing principles? - Answers - Narrow stop
time restrictions should be avoided
You have been asked to develop a route for a single vehicle through a network of
customers and then return to the distribution center. Which of the following techniques
would you employ? - Answers - Closest next
ANSWERS
This type of motor carrier terminal is unique in that the freight is never touched. The
terminal is used to "swap" driver and is necessitated by hours of service (HOS)
regulations: - Answers - relay terminal
The number of motor carriers operating in the United States can be described as: -
Answers - Over 400,000. Deregulation combined with low barriers to entry have
resulted in a very large market number of carriers entering the market.
Consider a scenario where you have received an internship working as a project
manager for Neimann Marcus to deploy a new fashion apparel line. One of your tasks is
to select a motor carrier. A classmate suggested a company with an operating ratio of
99. Based on this information you should. - Answers - search for another carrier since
almost all revenue is consumed by expenses indicating financial trouble.
We can describe the cost structure for motor carriers as: - Answers - high variable costs
due to labor and fuel
Competition between motor carriers (intramodal competition) can best be described as:
- Answers - Intense. Motor carriers confront vigorous competition across the country.
Which component of a carrier's cost structure represents the largest proportion (greatest
percent) of the average cost per mile? - Answers - Labor (costs associated with driver)
Motor carriers move approximately what percent of the intercity ton-miles of freight in
the United States? - Answers - 39
Which of the following statements regarding private motor carriers is false? - Answers -
Can carry only the company's freight
The truckload (TL) motor carrier industry is characterized by intense competition. The
number of motor carriers operating in the US is: - Answers - over 400,000
Competition within the motor carrier industry can best be described as: - Answers -
Intense in both segments
Motor carriers compete effectively with rail carriers - Answers - In distances under 500
miles
, The most severe competition for for-hire carriers comes from: - Answers - Private
carriers
Motor carriers typically transport: - Answers - finished, consumer goods
Motor carriers possess several advantages in terms of their operating and service
characteristics. They possess a unique inherent advantage in terms of: - Answers -
Accessibility
The single largest expense [cost] for motor carriers is: - Answers - Labor
Motor carries use this type of terminal to transfer crews between trucks: - Answers -
Relay
The operating ratio is a measure of: - Answers - Financial stability (operating costs ÷
operating revenues)
Deregulation of motor carriers resulted in numerous failures of trucking companies.
These failures can be most likely explained by: - Answers - Many companies were
unable to adapt to a market involving more competitive pricing and entry/exit
Truck drivers represent a major issue for the motor carrier industry due to: - Answers -
The shortage of drivers
Hours of service (HOS) regulations: - Answers - Limit drivers to fourteen consecutive
hours of on-duty time per day
Road [motor] transportation have limited potential to achieve economies of scale due to:
- Answers - size constraints imposed by governments.
To ensure the consistent and efficient routing of vehicles over time: - Answers - the
sequence of stops should form a tear-drop shape
Private fleets that operate their trucks on routes with a high concentration of freight and
that outsource the remainder of their customers to other carriers are probably applying
which of the following routing principles? - Answers - Use for-hire carriers for remote
locations.
A retailer requires that suppliers shipping to its distribution center must have the
shipments arrive within a 15-minute window. Although this practice benefits the retailer,
the shipper will violate which of the following routing principles? - Answers - Narrow stop
time restrictions should be avoided
You have been asked to develop a route for a single vehicle through a network of
customers and then return to the distribution center. Which of the following techniques
would you employ? - Answers - Closest next
