LSCM 4560 Exam 1 (A+ GRADED)

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 most intercity ton-miles? correct answers Motor The demand for transportation services is often referred to as "derived demand." The concept of derived demand suggests: correct answers The demand for transportation services is derived from the demand for goods or passenger movement. Transportation accounts for approximately what percent of a typical households expenditures? correct answers 16 to 18 percent The United States consumes approximately 20% of the petroleum produced globally. Within the United States, transportation accounts for what proportion of total oil consumption? correct answers 70% Transportation security represents a significant issue as freights flows through major ports and highly populated areas. Also, ocean carriers move a tremendous amount of high-value goods on a single vessel. For example, a single container ship may be moving over $1 billion in goods. Piracy has been a major issue affecting maritime trade for the US since President Jefferson sent Marines to Tripoli to defend shipping from pirates. More recently, the trend in piracy has shown: correct answers A significant decrease as several countries, and especially the US Navy, have deployed naval vessels in high traffic areas to protect international shipping. The United States obtains more of its oil from this country than any other. correct answers United States Transportation is closely tied to the development of the United States. Which of the following played a role in the early development of the United States? correct answers Construction of the National Road The transportation system includes several modes of transportation. The different modes include correct answers Air, pipeline, water, rail, motor This mode of transportation moves the least amount of ton-miles: correct answers Air Carriers Of the following transportation modes, which has the longest average length of haul? correct answers Coastal Water The percent of total disposal income spent on transportation by the average US household is: correct answers 16 to 20 percent