1.Shipping conferences as a form of trading agreement are still relevant in 21st century

True or False

2. A major factor negatively cost of supplying shipping services is:

a. high cargo density

b. trade imbalance

c. ease of handling

d. relatively new vessel

3. Sales and Purchase is a type of shipping market

True or false

4. Trade route is important is important as it mirrors location and freight rate advantages

True or False

5. Breakeven is an important analysis as it:

a. Show if vou should continue or close down

b. Shows where cost is in relation to revenue

c. Shows if you are operating financially successfully

d. Show if the investor is happy with your performance

6. In a trough of the shipping cycle a dry bulk vessel maybe used to store corn.

True or False

7. Debt financing of vessels is usually the undertaking by:

a. Shipyards

b. Commercial banks

c. Private equity

d. Hedge funds

8. Schooner cargo vessel serving the Eastern Caribbean while small conform to the minimum size of a ship

True or false

9. Port Bustamante is an example of an industry with a monopolistically competitive market structure

True or false

10. Demand for shipping services from shipper's perspectives is primarily determined by the:

a. Freight rate

b. State of market

c. Average haul

d. Reliability

11. In monopoly shipping (e.g. coastal) there are barriers to entry such as:

a. Government regulations

b. All of the other answers

c. Specialized and rear skills

d. High cost of entry

12. An example of management overhead cost that is borne by a shipping line is:

a. Agency fee

b. Fuel cost

c. Accounting Fee

d. Port dues

13. Implicit cost is another phrase for:

a. Capital cost

b. Accountant cost

c. Sunken Cost

d. Opportunity Cost

14. Profit is defined as:

a. An indicator that the company is a success

b. Revenue less all expenses for a specific period of time

c. The figure providing essential information on the company

d. The figure that keeps the company going

15. Price elasticity of freight as measured in ton-miles is inelastic because:

a. Trade route used in calculation

b. Usually inaccurately calculated

c. Goods used in the calculation

d. Importance of shipping in trade

16. A recession in world cargo trade has which of the following effects on the supply of shipping services:

a. Declines at a similar rate as the world cargo trade

b. Remains stagnant for a very long period of time

c. Grows at a marginal rate then declines slowly

d. Declines but not as the same rate as world trade

17. A factor of production that will remain fixed for a long period of time on a container port is

a. Labour Cost

b. Cranage/ Gantry

c. Customs and Brokerage

d. Market and Promotions

18. Ton- mile is an important shipping cost as it indicates:

a. Estimates if travelling the additional unit is worthwhile

b. Very useful when combined with other factors c. Company's loading and unloading expenses

d. Shows that company's travelling is increasing

19. The following type of Caribbean financial institution usually finance maritime and logistics projects:

a. Credit unions

b. Building societies

c. Commercial banks

d. None of the other answers

20. A recession in world cargo trade has which of the following effects on the supply of shipping services:

a.Remains stagnant for a very long period of time

b. Declines at a similar rate as the world cargo trade

c. Declines but not as the same rate as world trade

d. Grows at a marginal rate then declines slowly