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Part II-True, False, Explain (10 points each) 1 point for TF, 9 pts for explanation. 1. Firms should always avoid stockouts since the cost of

Part II-True, False, Explain (10 points each) 1 point for TF, 9 pts for explanation. 1. Firms should always avoid stockouts since the cost of a lost sale is extremely high. 2. The most important global transportation mode is rail. 3. A firm should always attempt to achieve the highest level of customer service. Part III - Definitions (10 pts. each) 1. Cabotage 2. 3PL - Provide a definition and example 3. Sub-optimization

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