transportation test #1 questions well
answered to pass
What is the glue that hold the supply chain together? - correct answer ✔✔Transportation
Which countries (in order) were the top 5 exporters in 2013? - correct answer ✔✔China
USA
Germany
Japan
Netherlands
Which countries (in order) were the top 5 importers in 2013? - correct answer ✔✔• USA
• China
• Germany
• Japan
• France
What were the $ level of imports, exports, and the difference for the USA in 2013? - correct
answer ✔✔• Import- 2,329,049.8 million
• Export- 1,578,971.7
• Difference- 750,078.1
1Explain the concepts of absolute advantage and comparative advantage, how they are
different, and why they are relevant to transportation - correct answer ✔✔• Absolute
advantage is where a group has complete control over the making of a product bc the materials
that make the product are not available domestically.
,• Comparative advantage- Differences in the cost of producing products in different countries
• How are they important to transportation???
What are some major contributing factors influencing global flows and trade? - correct answer
✔✔Population and Size Distribution
Urbanization
Land and resource
Technology and information
Globalization
What are the 3 main phases in the evolution of the supply chain concept? - correct answer
✔✔Physical Distribution
Business Logistics and Integrated logistics
Supply Chain Management
What are the 3 flows in the supply chain concept, and where does demand fit in? - correct
answer ✔✔Customers Product/Services flow
Information Flow
Finance /Cash Flow
In finance cash flow????
true or false
Reverse logistics systems are developed for receiving payment from customers. - correct answer
✔✔False
t/f
The supply chain management concept captured the attention of senior level executives in
many organizations starting in the 1970's. - correct answer ✔✔false, 1990s
, t/f
The United States has the largest export trade flow in the world. - correct answer ✔✔false
t/f
The 3 major flows in a supply chain are products, information, and money. - correct answer
✔✔true
Europe is the continent that will have the largest number of megacities by 2015. - correct
answer ✔✔f
t/f
In 2030, it is estimated that 60% of the world's population that will live in urban areas. - correct
answer ✔✔t
Which mode has the most regulation? - correct answer ✔✔Rail
What was the primary reason for the creation of the US interstate road way system - correct
answer ✔✔Defense
Which mode had the greatest impact on city development - correct answer ✔✔water
What is the simplest way to eliminate risk - correct answer ✔✔Risk avoidance
What is the term for an external supplier that performs all or part of logistics services? - correct
answer ✔✔3pls
answered to pass
What is the glue that hold the supply chain together? - correct answer ✔✔Transportation
Which countries (in order) were the top 5 exporters in 2013? - correct answer ✔✔China
USA
Germany
Japan
Netherlands
Which countries (in order) were the top 5 importers in 2013? - correct answer ✔✔• USA
• China
• Germany
• Japan
• France
What were the $ level of imports, exports, and the difference for the USA in 2013? - correct
answer ✔✔• Import- 2,329,049.8 million
• Export- 1,578,971.7
• Difference- 750,078.1
1Explain the concepts of absolute advantage and comparative advantage, how they are
different, and why they are relevant to transportation - correct answer ✔✔• Absolute
advantage is where a group has complete control over the making of a product bc the materials
that make the product are not available domestically.
,• Comparative advantage- Differences in the cost of producing products in different countries
• How are they important to transportation???
What are some major contributing factors influencing global flows and trade? - correct answer
✔✔Population and Size Distribution
Urbanization
Land and resource
Technology and information
Globalization
What are the 3 main phases in the evolution of the supply chain concept? - correct answer
✔✔Physical Distribution
Business Logistics and Integrated logistics
Supply Chain Management
What are the 3 flows in the supply chain concept, and where does demand fit in? - correct
answer ✔✔Customers Product/Services flow
Information Flow
Finance /Cash Flow
In finance cash flow????
true or false
Reverse logistics systems are developed for receiving payment from customers. - correct answer
✔✔False
t/f
The supply chain management concept captured the attention of senior level executives in
many organizations starting in the 1970's. - correct answer ✔✔false, 1990s
, t/f
The United States has the largest export trade flow in the world. - correct answer ✔✔false
t/f
The 3 major flows in a supply chain are products, information, and money. - correct answer
✔✔true
Europe is the continent that will have the largest number of megacities by 2015. - correct
answer ✔✔f
t/f
In 2030, it is estimated that 60% of the world's population that will live in urban areas. - correct
answer ✔✔t
Which mode has the most regulation? - correct answer ✔✔Rail
What was the primary reason for the creation of the US interstate road way system - correct
answer ✔✔Defense
Which mode had the greatest impact on city development - correct answer ✔✔water
What is the simplest way to eliminate risk - correct answer ✔✔Risk avoidance
What is the term for an external supplier that performs all or part of logistics services? - correct
answer ✔✔3pls
