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Exam 9: Delivery

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Question 21

Multiple Choice

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A straight bill of lading:

A) is used when the goods have been paid for in advance of shipment and requires delivery.
B) is a negotiable instrument that can be used when goods are purchased on credit.
C) is used to indicate that cargo was loaded onto a named vessel in good condition.
D) is used when the goods have been paid for in advance of shipment and requires delivery, and is a negotiable instrument that can be used when goods are purchased on credit.
E) is a negotiable instrument that can be used when goods are purchased on credit and is used to indicate that cargo was loaded onto a named vessel in good condition.

F) B) and E)
G) D) and E)

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Question 22

True/False

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Economic, safety and environmental regulations have been eliminated for most modes of transportation through deregulation during the last 30 years.

A) True
B) False

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Question 23

True/False

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The bill of lading is the key document in the movement of goods.

Compared to other modes of transportation, motor carriers provide the advantage of:

Logistics costs can be divided into three categories: inventory carrying costs, administrative costs, and transportation (with transportation costs accounting for the bulk of the costs).

Marine transport is best suited for products of high value and/or extremely perishable.

The cost per hundredweight (cwt) is generally higher for LTL shipments compared to TL shipments.

A carrier transports property or people by any means of conveyance.

Rail is the most flexible mode of transportation and accounts for approximately 80 percent of transportation expenditures by U.S. firms.

Transportation costs increase as distance, quantity, and speed increase.