1) Prior to containerization,the average price of goods to the consumer was an average of:

a) 12% higher

b) 12% lower

c) 60-75% higher

d) None of the listed answers are correct

2) Just in Time Delivery is:

a) all the listed answers are correct

b) made possible by the regular schedules of ocean freight

c) lowers the nanufacturer'sinventory costs

d) lowers the price of manufactured goods

3) Bananas from Ecuador are cheaper than apples grown locally due to:

a) All of the listed answers are correct

b) lowlabour costs of production

c) the gradual ripening that extends product life

d) very low shipping costs

4) Pior to containerization, the costs ofport fees, dock workers and their equipment accounted for:

a) 60-75% of the cost of shipping

b) 80% of the costs of shipping

c) 25% of the costs of shipping

d) 50-65% of the costs of shipping

5) Containers:

a) all of the listed answers are correct

b) are used by China to export finished goods

c) are used by Australiato import consumer goods

d) return from North America from China 60% empty on average

6) We are able to access goods from around the world at reasonable costs due to:

a) All of the listed answers are correct

b) production in low wage countries

c) very low shipping costs

d) coordinated and efficient planning

7) This statement(s)about modes of transportation is (are)correct:

a) Transportation by water is the least expensive

b) Trains are the most precise

c) Trucks are most efficient

d) All of the listed answers are correct

8) Transportation by water:

a) All of the listed answers are correct

b) requires no roads to build

c) requires no intersections to negotiate

d) requires a low ratio of labor costs relative to volume

9) Due the invention of containerization:

a) All listed answers are correct

b) Cargo theft was virtually eliminated

c) Damage to cargo was dramatically reduced.

d) Cargo insurance rates were lowered to reflect the lower risk

10) Bananas are transported around the world in:

a) Reefer Containers

b) Standard containers

c) Bulk Cargo Ships

d) None of the listed answers are correct