MGT 377 Homework Set 4
On this document, select the correct answer to each of the following 15 questions by making it into a bold and highlighted font and submit the completed assignment to the Dropboxno later than Thursday 11:59 PM EST/EDT of Module 8.
Here is an example of a correctly marked response:
Rain is an example of a ______.
A. gas
B. liquid
C. solid
1. ______is often the most costly and time-consuming component of purchasing management.
A. Negotiating
B. Bidding
C. Transportation
D. Analyzing
E. Organizing
2. ______involves facilitating the movements of raw materials and component parts from suppliers through the firm’s manufacturing process to the ultimate customers.
A. Production
B. Processing
C. Production management
D. Process management
E. Transportation
3.The initial (transportation) decision requires the ______firm to select the appropriate shipment mode.
A.buying
B.selling
C.shipping
D.freight
E.trucking
4. Each of the (transportation) modes has specific operating and cost characteristics and the buying professional must weigh them in selecting the most appropriate transportation mode. The most basic selection decision is the trade-off between ______.
A.quality, flexibility, and price
B.cost, flexibility, and speed
C.flexibility, reliability, and speed
D.cost, reliability, and speed
E.efficiency, cost, and speed
5.In many cases, most Fortune 500 firms use a variety of transportation modes depending on their aggregate transportation needs. The “model split” is usually determined by cost pressures, the packaging, the final shipment destination, and competitive trucking firms.
A.True
B.False
6.Deregulation has allowed the railroad carriers to integrate into ______.
A.more competitive markets
B.other markets
C.other modes of transportation
D.more competitive rates
E.more diverse markets
7. ______the trucking industry has dramatically changed not only the outcome of the industry but also how it operates.
A.Federal deregulation of
B.State regulation of
C.Competitive rates in
D.Centralized management of
E.State deregulation of
8.The ______industry is composed of a large number of for-hire and private carriers. The for-hire category includes both regulated carriers and non-regulated carriers.
A.railroad
B. express
C. airline
D. barge
E. trucking
9. General commodity carriers usually specialize in either truckload (TL) or less-than-truckload (LTL) operations. Truckload shipments are defined by the ICC as loads in excess of 10,000 pounds. Currently, there are more than 40,000 small truckload carriers. These companies have been typically ______.
A.moderately priced and highly organized
B.low-cost and nonunion
C.low-cost and unionized
D.high priced and nonunion
E.reliable and low-cost
10.Another special ICC category is the parcel delivery service and limited shipment size category. ______is the largest carrier in this sector.
A.UPS
B.FedEx
C.DHL
D.USPS
E.UES
11.Rail transportation is generally less expensive than air and truck modes. Rail cargo is usually shipped from terminal to terminal; therefore, flexibility is not an attribute.
A.True
B.False
12.The truck mode is used to transport a variety of perishable consumer goods, such as fresh meats, frozen meats, dairy products, baked goods, and beverages. The primary advantages of this mode are ______.
A.reliability and low cost
B.flexibility and versatility
C.low cost and versatility
D.flexibility and low cost
E.on time delivery and low cost
13. The competition in the trucking industry is fierce, so in order to be successful, a carrier must provide the shipper with ______.
A.low costs and flexibility
B.reliability and high service
C.versatility and flexibility
D.high service and low costs
E.reliability and low costs
14.These average prices are misleading when selecting one mode over another. However, it is safe to suggest that, in general, ______rates are lower than ______rates on small shipments and on high-valued commodities.
A. air; truck
B.water; rail
C. truck; rail
D. truck; water
E.air; rail
15.In contrast, in long-haul volume movements of bulk commodities, ______are typically unable to quote ______rates.
A. air carriers; motor-competitive
B.water carriers; air-competitive
C.truckers; air-competitive
D.motor carriers; rail-competitive
E.rail carriers; truck-competitive