LSCM 4650 transportation final exam (A+ GRADED)

During the industrial revolution, massive modifications occurred in two phases to the transport system. These phases included: correct answers development of canals and railways Prior to the industrial revolution, the most efficient means to transport goods was: correct answers Waterways Sever...

Although the volume of containers flowing through our ports represents a significant challenge, the container volume is concentrated wtihin a relatively small number of ports. Eighty-seven percent of the TEUs are handled by how many US ports? correct answers Ten A weapon of mass destruction (WMD)...

Transportation has traditionally performed two major logistical functions. These functions include: correct answers Movement and storage Transportation consists of five modes. The transportation modes include: correct answers Air, water, motor, pipeline, rail Which transportation moves the mos...

Domestic water carriers primarily move bulk commodities. Which commodity accounts for the largest proportion of the tonnage moved by domestic water carriers? correct answers Petroleum Intermodal competition for water carriers can be characterized as: correct answers Intense competition exists as ...

Geographic specialization indicates correct answers Countries or regions will specialize in the production of goods where they hold a comparative advantage Comparative advantage correct answers Some regions hold an advantage, often a natural, in the production of some goods or services over other...

Which of the following is not a condition for pure competition? correct answers Involves a heterogeneous product or service The relevant market structure under deregulation is described by a theory which substitutes potential competition for the active participation of many sellers. What is this ...