EXAM 1 REVIEW LSCM 4560 QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026

EXAM 1 REVIEW LSCM 4560 QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026 demand for goods - Answers The demand for transportation is derived from: des the cost of the product at the source plus the cost to transport the product to its destination - Answers The concept of landed cost: 3.What patterns of location develop and where to market to maximize profit - Answers Location theory concentrates on examining two problems. These two problems are: 4.Items with the highest value density should be located on the innermost concentric circle - Answers Von Thunen suggested that: sts weight gaining products should be located near the point of consumption - Answers Weber's location triangle model: 6. that if transportation costs are halved, then the market area that can be served increases by four times - Answers The required reading includes a section on Lardner's Law to explain the extent of the market for a firm. Lardener's Law suggests: landed cost for each supplier - Answers The Fetter and Losch model attempts to determine the extent of the market between two suppliers. The Fetter and Losch model determines the extent of the market using: 8.Euclidean distance is used to calculate the distance of a straight line between two points, rectilinear distance measures vertical and horizontal distances between points - Answers Which of the following is true regarding Euclidean and rectilinear distance? n - Answers You have been asked to determine the location of a distribution center to serve several retail locations in a dense urban area. Which of the following models would be the most appropriate to solve this problem? l moves in straight lines similar to routes over large geographic areas - Answers Which of the following is a key assumption of the center-of-gravity model for facility location? 11.Supporting the westward expansion through the development of canals and railroads - Answers Transportation has played a significant role in the development of the United States by: , pipeline, water, rail and motor carriers - Answers The transportation system consists of five modes which include: 13.Motor carriers - Answers Which mode of transportation moves the most intercity ton-miles and accounts for approximately 40 percent of the intercity ton-miles? 14.Domestic water - Answers Which mode of has lost the greatest volume of freight, expressed as a percent of intercity ton-miles since 1990? 15. Coastal water - Answers Of the following transportation modes, which has the longest average length of haul? 16.16-19 percent - Answers Transportation accounts for approximately what percent of the average household's expenditures? 17. 70 percent - Answers Transportation accounts for approximately what percent of total US petroleum consumption? 18.Highway related fatalities involving passenger vehicles represent the majority of transportation fatalities. - Answers The United States experienced over 36,000 transportation related fatalities in 2018. Which of the following statements best reflects the trend in transportation-related fatalities? dropped due to the navies from several countries patrolling key shipping lanes where pirates have operated - Answers Piracy has affected the ability of US and international freight shippers to move goods in critical ocean shipping lanes. During the past decade (since 2010), the number of piracy-related incidents has: 20.Canada - Answers The United States sources more of its imported oil from this country than any other. has the longest average length of haul due to the need to take advantage of its speed and to spread costs across along a longer distance - Answers Based on the mode and the cost to transport an item, we would expect the average length of haul to vary between modes. Which of the following statements is true regarding the average length of haul? 22.Divides the entire freight market by transportation mode, often by the percent of ton-miles moved by each mode - Answers The modal split is a useful analytical tool for studying transportation. This concept: 23.Steadily trended downward but have fluctuated in recent years due to fuel prices and a slowing economy - Answers Logistics costs as a percent of GDP have: 25.Has more than quadrupled since 1970 with an average growth rate of five percent - Answers Air passenger transportation has experienced several major trends since 1970. Which of the following best describes the trend in air passenger miles travelled in the United States? 24. state and local - Answers Spending on transportation infrastructure varies by level of government and transportation mode. Which level of government accounts for the largest share of public spending on transportation? 26.The costs of handling outbound shipments of finished goods represented a significant cost to the firm - Answers Logistics has evolved over time. Initially, executives focused on physical distribution. The authors suggest that an initial focus on physical distribution was logical since: 27.On the systems costs and cost trade-offs associated with the outbound flow of goods from a firm - Answers The focus of physical distribution was: ing delivery times producing faster order to cash cycles - Answers transportation affects each of the major transportation chain processes, or flows. Transportation could be used to improve the financial flow by: 30.The return of products from downstream customers or trading partners to upstream suppliers - Answers Reverse logistics refers to which of the following: 28.Information - Answers Executives must carefully manage several "flows" that span the companies comprising a supply chain. The "bull-whip" effect results from failures to manage which of the following supply chain flows identified in the course text? 31.As the management of key business processes from the ultimate supplier to the final customer - Answers Supply chain management represents one of the most confusing and misunderstood terms in business. We can consider supply chain management: 32.Cost trade-offs in addition to the value or demand aspects of customer service effectiveness are considered - Answers The underlying logic of the systems concept was also the rationale for the development of the logistics concept because: ng the total system of interrelated companies as a means to affect a product's price-value in the marketplace - Answers The authors suggest that the concept of supply chain management represents the third phase of an evolution that began in the 1980s. The supply chain concept occurring in the third phase differs from the earlier phases by: 4Ps of marketing. Logistics represents the place, or customer service, component of marketing. - Answers A key relationship exists between marketing and logistics. The relationship can be explained by: the 4Ps of marketing. Logistics represents the place, or customer service, component of marketing. 35.All of the above - Answers A cost trade-off All of the above 36.Switching from rail to motor carriers to obtain lower inventory levels and total cost - Answers An important principle underlying logistics management is the cost trade-off. Which of the following represents an effective cost trade-off? 38.Logistics managers may have to increase one cost in order to obtain a more than offsetting cost reduction to lower overall total cost - Answers The economic order quantity model is considered an example of cost trade-offs and the total cost approach because: 39.Equates the effect on a firm's bottom line [profitability] achieved through logistics cost savings or increased sales. - Answers The profit leverage model is used to: 40.The straight-line distance between any two points to achieve the greatest logistical advantages possible. - Answers In class, we have covered two forms of distance. The online text makes reference to logistical distance. We can define logistical distance as: 37.Performing a cost trade-off by paying more for transportation to obtain lower safety stock levels and decrease overall total cost - Answers Many buyers of transportation services select carriers having the greatest reliability [percent of on-time deliveries]. These buyers are probably: 41.The ease of a movement, with high transportability requiring limited efforts and low transportability implying complexity and high costs. - Answers The online text introduces the concept of transportability. This concept refers to: 42.Overcome space - Answers The purpose of transportation is to: 43.Reliability - Answers Which of the following service components of freight demand has the greatest effect on the amount of safety stock held by a firm?