Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1: If a purchaser of railway services cannot get a railcar from the railway, or does not have her/his own rail equipment, they will likely

1: If a purchaser of railway services cannot get a railcar from the railway, or does not have her/his own rail equipment, they will likely have to: Select one: a. Arrange for an interswitching service b. Share services with another shipper that uses rail c. Use another mode d. Lease or rent a railcar

2: In the purchase of goods or services, ethical behavior on the part of the employee should be: Select one: a. Trained for and then expected b. Expected as part of business c. Dismissed d. Seen as common sense behavior by the firm

3: Low volume or infrequent shippers are less likely to be served directly by ocean or rail carriers. When the low volume shipper chooses to use those modes of transport, whom would they typically use to move their products? Select one: a. An international forwarder b. A Railway c. A steamship line d. A Domestic load broker

4: Making a purchase/using the services of an international freight forwarder introduces an additional group of qualifying criteria. What would some of these additional criteria include? Select one: a. Cost Plus Services b. A Request for Quotation c. The service areas/countries/continents of that forwarder d. Declared Shipment Values

5: Receiving gifts from suppliers can be viewed as unethical. Keeping the relationship at arm's length is of benefit to all parties as: Select one: a. It allows both parties to focus on service improvements b. It is a risk to your career c. Gifts can be shared among other staff d. It limits the amount of gifts offered by suppliers

6: The purchase of transportation or logistics services should be based on one primary goal. That goal should be: Select one: a. To have purchasing managers source and select carriers for the movement of their inbound purchases b. To maintain a status quo we have always used them approach to supplier sourcing c. To have integrated logistics procurement, where inbound and outbound product movement is combined in the purchase. d. To develop service metrics and maintain supplier relationships based on price.

7: What portion of a firm's inventory is the most suited for using a public warehouse? Select one: a. Regular cycle stock b. Dead or non-moving Inventory c. Quarantined Inventory d. All inventory

8: When negotiating and setting up contracts that involve shipment or receipt of goods, there are a standard set of rules that tell all parties "who pays for what services" in the movement and storage of the goods. These terms are Incoterms, and are used for: Select one: a. International/typically overseas shipments b. Domestic Shipments c. Shipments going between cities or towns in one province d. All Shipments anywhere

9: When we assess a road carrier's fleet size, number of terminals, number of agents working with the carrier, and electronic monitoring systems, we are determining their: Select one: a. Capability to Handle our Freight b. Rate of Damage and Loss c. Financial Structure d. Performance metrics

10 : Your firm has just secured a new customer on another continent. Due to the unique nature of your product, they will need one container of goods every six months. All you need is to get it moved from origin to destination. To do so, you simply: Select one: a. Qualify and ultimately use an NVOCC to take over the process b. Assess ancillary rates charged by the Carrier c. Qualify carriers, call the Steamship line and book the move d. Qualify and use an LCL carrier

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

11th Edition

978-0324651812, 324651813, 978-0324651751

More Books

Students also viewed these General Management questions