4 Points

A disadvantage of a _______________ is the decreased frequency of trips and the inability of smaller nodes to connect to a larger network.

hub-and-spoke network

centrifugal network

point-to-point network

distributed network

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Question 2

4 Points

__________ emphasizes the elimination of waste in a process.

Lean

Six Sigma

Value stream mapping

Process mapping

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Question 3

3 Points

When shipping FREIGHT COLLECT AND ALLOWED, the seller ultimately bears the cost of the transportation.

1. True
2. False

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Question 4

4 Points

In some instances, carriers offer a price for a specific transaction based on market prices. This type of rate is referred to as:

carrier rate

spot rate

contract rate

short-term rate

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Question 5

3 Points

While the lines have begun to blur over time, the general difference between 3PLs and freight forwarders can be summarized that freight forwarders have a narrow focus on the physical movement of goods along the supply chain while 3PLS have a broader focus.

1. True
2. False

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Question 6

4 Points

Which of the following statements does not describe asset-based 3PLs?

Asset-based 3PLs act more like transportation consultants than actual freight movers.

Asset-based 3PLs support shippers to reach effective movement of freight at lowest cost.

Asset-based 3PLs often own warehouses, trucks and other support equipment.

Asset-based 3PLs are considered less risky than non-asset-based 3PLS.

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Question 7

5 Points

When the terms of sale read: FOB DESTINATION, FREIGHT PREPAID, which of the following statements is true?

The seller pays and bears the freight charges and the title passes to the buyer upon receipt of goods.

The buyer pays and bears the freight charges and the title passes to the buyer upon shipment of goods.

The seller pays the freight charges, the title passes to the buyer upon shipment of goods.

Freight charges are shared equally between the buyer and seller.

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Question 8

3 Points

The freight broker takes possession of the cargo and assumes all responsibilities on behalf of the shipper.

1. True
2. False

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Question 9

5 Points

4PLs can be best described as____________________________.

a service which manages multiple 3PLs

an entity that provides to the general public providing transportation of property for compensation.

a conduit for connecting the shipper and carrier.

a privately owned carrier operating within four of the five modes of transportation.

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