Transportation and Logistics Exam 1
questions & answers
What is a supply chain? - correct answer ✔✔ the sequence of processes involved in the
production and distribution of a commodity
What does a typical supply chain look like? - correct answer ✔✔ Suppliers - manufacturer -
distributor - retailer - consumer
What is transportation? - correct answer ✔✔ the physical movement of people and or products
from one location to another.
What is logistics management? - correct answer ✔✔ the control over the transportation of a
good or person, at the lowest possible cost.
What is the glue that holds the supply chain together? - correct answer ✔✔ Transportation
Freight is? - correct answer ✔✔ Goods carried by a vessel or a vehicle
Intermodal freight transport - correct answer ✔✔ the transportation of freight using multiple
modes of transportation. (ex. Ship, truck, rail)
What are the objectives of SCM? - correct answer ✔✔ - right quantity
- right products
- right time
- right condition
,- low costs
- happy customers
What is micro-level perspective? - correct answer ✔✔ it focuses on small details and daily
interactions. The main goal is to understand the effect of transport on an individual product or
business
What are some factors influencing modern supply chains? - correct answer ✔✔ -globalization
-technology
-consumers enlightened
-government regulations and politics
What if the transportation system slows down? - correct answer ✔✔ - with in 6-12hrs assembly
lines will come to a stop
- within 24hrs hospitals will run out of supplies
- within 48hrs many service stations will run out of fuel
- within 72hrs grocery stores will run out of perishables
Reverse logistics refers to - correct answer ✔✔ Movement of goods from the
retailers/customers back to the producer
What are the three important supply chain activities in a product's life cycle? - correct answer
✔✔ - Sourcing
- Conversion
- Transportation
Which of the following does not travel bi-directionally in a supply chain? - correct answer ✔✔
waste
, Name three advantages of managing a supply-chain. - correct answer ✔✔ - Reduced cost
effects
- raised output
- higher efficiency rate
If a product costs $10 to produce, the firm expects 10% margin on the cost to produce and
transportation per unit costs $2, what is the least price the firm is likely to accept for the
product? - correct answer ✔✔ $13.00
Landed cost is: - correct answer ✔✔ The total cost of a product to include the transportation
cost of getting it to market
Which technology is used to locate specific trailer and even pallets? - correct answer ✔✔ RFID
Which of the following is not listed as one of the forces driving change in the economic
landscape? - correct answer ✔✔ scarcity of oil
Time utility depends on - correct answer ✔✔ having the product available when the user wants
it
Reliability in transportation is defined as: - correct answer ✔✔ Consistency of transit time
What chemical emissions from internal combustion leads to acid rain? - correct answer ✔✔
Sulfer Dioxide
Which of the following is likely to have elastic demand?
A. gas
questions & answers
What is a supply chain? - correct answer ✔✔ the sequence of processes involved in the
production and distribution of a commodity
What does a typical supply chain look like? - correct answer ✔✔ Suppliers - manufacturer -
distributor - retailer - consumer
What is transportation? - correct answer ✔✔ the physical movement of people and or products
from one location to another.
What is logistics management? - correct answer ✔✔ the control over the transportation of a
good or person, at the lowest possible cost.
What is the glue that holds the supply chain together? - correct answer ✔✔ Transportation
Freight is? - correct answer ✔✔ Goods carried by a vessel or a vehicle
Intermodal freight transport - correct answer ✔✔ the transportation of freight using multiple
modes of transportation. (ex. Ship, truck, rail)
What are the objectives of SCM? - correct answer ✔✔ - right quantity
- right products
- right time
- right condition
,- low costs
- happy customers
What is micro-level perspective? - correct answer ✔✔ it focuses on small details and daily
interactions. The main goal is to understand the effect of transport on an individual product or
business
What are some factors influencing modern supply chains? - correct answer ✔✔ -globalization
-technology
-consumers enlightened
-government regulations and politics
What if the transportation system slows down? - correct answer ✔✔ - with in 6-12hrs assembly
lines will come to a stop
- within 24hrs hospitals will run out of supplies
- within 48hrs many service stations will run out of fuel
- within 72hrs grocery stores will run out of perishables
Reverse logistics refers to - correct answer ✔✔ Movement of goods from the
retailers/customers back to the producer
What are the three important supply chain activities in a product's life cycle? - correct answer
✔✔ - Sourcing
- Conversion
- Transportation
Which of the following does not travel bi-directionally in a supply chain? - correct answer ✔✔
waste
, Name three advantages of managing a supply-chain. - correct answer ✔✔ - Reduced cost
effects
- raised output
- higher efficiency rate
If a product costs $10 to produce, the firm expects 10% margin on the cost to produce and
transportation per unit costs $2, what is the least price the firm is likely to accept for the
product? - correct answer ✔✔ $13.00
Landed cost is: - correct answer ✔✔ The total cost of a product to include the transportation
cost of getting it to market
Which technology is used to locate specific trailer and even pallets? - correct answer ✔✔ RFID
Which of the following is not listed as one of the forces driving change in the economic
landscape? - correct answer ✔✔ scarcity of oil
Time utility depends on - correct answer ✔✔ having the product available when the user wants
it
Reliability in transportation is defined as: - correct answer ✔✔ Consistency of transit time
What chemical emissions from internal combustion leads to acid rain? - correct answer ✔✔
Sulfer Dioxide
Which of the following is likely to have elastic demand?
A. gas
