LSCM 4560 QUESTIONS WITH VERIFIED ANSWERS
Transportation performs two basic logistics functions. These functions include: -
Answers - Movement and storage
Since 1980, logistics expenditures as a percent of US gross domestic product (GDP)
have: - Answers - Steadily declined over time with expenditures recently "flattening out"
due to fuel prices and a slowly recovering economy
Security represents a major issue for transportation of freight and passengers. A
security challenge that has experienced significant growth during the past two decades
is: - Answers - Piracy and the seizure of cargo ships
The amount of money spent on trucking, as reported by CSCMP in their most current
annual State of Logistics report, represents what proportion of total logistics
expenditures in the US? - Answers - 49 percent
Which of the following is not a major issue associated with transportation. - Answers -
Limiting access and trade by US companies to international markets
Which mode has lost the greatest volume of freight, expressed as a percent of intercity
ton-miles since 1990? - Answers - Domestic water
Which of the following modes of transportation are used in the US to transport
international freight? - Answers - Rail, Truck (motor carrier), Pipeline
Which of the following statements best describes the recent trends in passenger
transportation? - Answers - Passenger transportation had been growing faster than
GDP but actually declined when fuel prices spiked in 2008; however, the growth in
passenger transportation has resumed.
In 2017, the Department of Transportation has a budget of approximately - Answers -
$98.1 billion
What percent of average household expenditures are spent on transportation? -
Answers - 17 percent
Transportation greatly affected the development of the United States. Which of the
following transportation-related events was not identified as having an effect on the
development of the United States? - Answers - British blockade of the United States
forcing development of an internal road system.
, Transportation plays a major role in national defense. The Eisenhower administration: -
Answers - built the interstate highway system to enhance the ability to defend against
foreign attack
Diesel prices are expected to steadily rise during the upcoming decade. Logistics and
supply chain professionals will probably respond by: - Answers - Restructuring their
supply chains to dampen the effect of fuel prices
Transportation provides three different forms of economic utility. The three forms
include: - Answers - Time, place, and quantity
Although handling less than one percent of the intercity ton-miles, this mode moves
approximately four percent of the total value of goods transported domestically. -
Answers - Air cargo
Transportation represents a significant portion of the US federal budget. In 2017, federal
expenditures for transportation are budgeted for: - Answers - $76 billion
Time utility occurs when: - Answers - Goods are delivered when demand for them exists
(Form utility- Quantity)
Government interest in transportation stems from: - Answers - -Lack of sufficient private
funds to support infrastructure requirements
-Transportation as a major expense element in the government budget
-Ability to exert military power to support national objectives
This mode of transportation moves the most value in US international trade: - Answers -
International water
Logistics expenditures are equivalent to what percent of gross domestic product in the
United States (from Powerpoint slides): - Answers - 7.5 percent
Higher fuel prices affect the design of logistics and supply chain networks by: - Answers
- Increasing the number of distribution centers and increasing the level of inventory held
Prior to the end of the 18th century, no forms of mechanized transport existed.
Transport was mainly limited to: - Answers - Animal and wind power
Most major cities prior to the industrial revolution were located along major waterways.
The rationale for this phenomenon stems from: - Answers - Waterways were the most
efficient transport systems available, and cities could benefit from greater trade.
Transportation costs are believed to have an effect on the size of a market that can be
effectively served by a firm. Beyond the market reach, either the landed cost is too high
or competitors' prices are lower. One theory proposes that if a firm could cut
transportation costs in half, the market area served by the firm would become four times
Transportation performs two basic logistics functions. These functions include: -
Answers - Movement and storage
Since 1980, logistics expenditures as a percent of US gross domestic product (GDP)
have: - Answers - Steadily declined over time with expenditures recently "flattening out"
due to fuel prices and a slowly recovering economy
Security represents a major issue for transportation of freight and passengers. A
security challenge that has experienced significant growth during the past two decades
is: - Answers - Piracy and the seizure of cargo ships
The amount of money spent on trucking, as reported by CSCMP in their most current
annual State of Logistics report, represents what proportion of total logistics
expenditures in the US? - Answers - 49 percent
Which of the following is not a major issue associated with transportation. - Answers -
Limiting access and trade by US companies to international markets
Which mode has lost the greatest volume of freight, expressed as a percent of intercity
ton-miles since 1990? - Answers - Domestic water
Which of the following modes of transportation are used in the US to transport
international freight? - Answers - Rail, Truck (motor carrier), Pipeline
Which of the following statements best describes the recent trends in passenger
transportation? - Answers - Passenger transportation had been growing faster than
GDP but actually declined when fuel prices spiked in 2008; however, the growth in
passenger transportation has resumed.
In 2017, the Department of Transportation has a budget of approximately - Answers -
$98.1 billion
What percent of average household expenditures are spent on transportation? -
Answers - 17 percent
Transportation greatly affected the development of the United States. Which of the
following transportation-related events was not identified as having an effect on the
development of the United States? - Answers - British blockade of the United States
forcing development of an internal road system.
, Transportation plays a major role in national defense. The Eisenhower administration: -
Answers - built the interstate highway system to enhance the ability to defend against
foreign attack
Diesel prices are expected to steadily rise during the upcoming decade. Logistics and
supply chain professionals will probably respond by: - Answers - Restructuring their
supply chains to dampen the effect of fuel prices
Transportation provides three different forms of economic utility. The three forms
include: - Answers - Time, place, and quantity
Although handling less than one percent of the intercity ton-miles, this mode moves
approximately four percent of the total value of goods transported domestically. -
Answers - Air cargo
Transportation represents a significant portion of the US federal budget. In 2017, federal
expenditures for transportation are budgeted for: - Answers - $76 billion
Time utility occurs when: - Answers - Goods are delivered when demand for them exists
(Form utility- Quantity)
Government interest in transportation stems from: - Answers - -Lack of sufficient private
funds to support infrastructure requirements
-Transportation as a major expense element in the government budget
-Ability to exert military power to support national objectives
This mode of transportation moves the most value in US international trade: - Answers -
International water
Logistics expenditures are equivalent to what percent of gross domestic product in the
United States (from Powerpoint slides): - Answers - 7.5 percent
Higher fuel prices affect the design of logistics and supply chain networks by: - Answers
- Increasing the number of distribution centers and increasing the level of inventory held
Prior to the end of the 18th century, no forms of mechanized transport existed.
Transport was mainly limited to: - Answers - Animal and wind power
Most major cities prior to the industrial revolution were located along major waterways.
The rationale for this phenomenon stems from: - Answers - Waterways were the most
efficient transport systems available, and cities could benefit from greater trade.
Transportation costs are believed to have an effect on the size of a market that can be
effectively served by a firm. Beyond the market reach, either the landed cost is too high
or competitors' prices are lower. One theory proposes that if a firm could cut
transportation costs in half, the market area served by the firm would become four times
