1. "Landed cost advantage" is important to a producer because it:

[ ]a. allows the producer to determine where their product is competitive when production and all

transportation are factored in

[ ]b. indicates the lowest cost means of surface transportation

[ ]c. it indicates how to achieve the lowest production costs

[ ]d. it can only be determined from Lardner's Law

[ ] e. it determines the time utility of the shipment.

2. Companies that operate their own private trucking fleets find the greatest advantage is in:

[ ]a. the advertising value having their name splashed all over the highway

[ ] b. the competitive advantage that comes from enhanced customer service

[ ]c. the prestige of proving how good their transportation management is

[ ]d. costs that are half the common carrier rates

[] e. the prestige of operating their own fleet.

3. The bill of lading most commonly used for domestic motor transportation is the

[ ]a. airway bill

[] b. overland bill of lading

[] c. short form bill of lading

[] d. house bill of lading

[] e. carrier's bill of lading