CLM - Pittsburgh Roundtable 1999 College Challenge Round 1 - Question 1 An order bill of lading differs from a straight bill of lading in that: a.the order

CLM - Pittsburgh Roundtable1999 College Challenge

Round 1 - Question 1

An order bill of lading differs from a straight

bill of lading in that:a. the order bill is a freight bill while the straight bill is not

b. the order bill is negotiable while the straight bill is not

c. the straight bill is negotiable while the order bill is not

d. there is no difference between the two



An order bill of lading differs from a straight

bill of lading in that:a. the order bill is a freight bill while the straight bill is not

b. the order bill is negotiable while the straight bill is not

c. the straight bill is negotiable while the order bill is not

d. there is no difference between the two



In transportation, value of service pricing:a. considers the supply side of the transport pricing

function

b. considers the ability of the product to withstand

transportation charges

c. considers the value of products to be irrelevant with

respect to transport pricing

d. determines the lower limit of freight rates

e. none of the above



In transportation, value of service pricing:a. considers the supply side of the transport pricing

function

b. considers the ability of the product to withstand

transportation charges

c. considers the value of products to be irrelevant with

respect to transport pricing

d. determines the lower limit of freight rates

e. none of the above



What is the time called that it takes for a

customer to receive an order once it has been

placed?

a. customer interval

b.order cycle

c. product cycle

d.time interval



What is the time called that it takes for a

customer to receive an order once it has been

placed?

a. customer interval

b.order cycle

c. product cycle

d.time interval



If a railroad carries more freight which increases its

revenues by, say 10%, but its costs increase by only

5%, what effect will this have on its “operating

ratio?”

a. decrease it

b. increase it

c. have no effect



If a railroad carries more freight which increases its

revenues by, say 10%, but its costs increase by only

5%, what effect will this have on its “operating

ratio?”

a. decrease it

b. increase it

c. have no effect



Which best describes the aggregate demand

for freight transportation?

a. decreasing

b.inelastic

c. elastic

d. insensitive

e none of the above



Which best describes the aggregate demand

for freight transportation?

a. decreasing

b.inelastic

c. elastic

d. insensitive

e none of the above



Each of the following factors have

significantly altered the face of transportation

except:

a. deregulation

b.just-in-time inventory systems

c. fuel price increases

d.the globalization of business



Each of the following factors have

significantly altered the face of transportation

except:

a. deregulation

b.just-in-time inventory systems

c. fuel price increases

d.the globalization of business



Which of the following factors tends to drive

firms toward centralizing their logistics

functions?

a. closer to customer

b.local decision making

c. cost control

d.empower the workforce



Which of the following factors tends to drive

firms toward centralizing their logistics

functions?

a. closer to customer

b.local decision making

c. cost control

d.empower the workforce



With “F.O.B. Origin” terms:

a. the shipper is responsible for freight costs

b. the consignee is responsible for freight costs

c. the carrier is responsible for freight costs

d. the freight costs are dependent on the carrier’s F.O.B. estimate



With “F.O.B. Origin” terms:

a. the shipper is responsible for freight costs

b.the consignee is responsible for freight costs

c. the carrier is responsible for freight costs

d. the freight costs are dependent on the carrier’s F.O.B. estimate



Contribution pricing theory requires:a. rates must cover fixed costs, variable costs, and

planned profit

b. rates must cover fixed costs, variable costs, and marginal profit

c. rates must cover only fixed and variable costs

d. rates must cover variable costs



Contribution pricing theory requires:a. rates must cover fixed costs, variable costs, and

planned profit

b. rates must cover fixed costs, variable costs, and marginal profit

c. rates must cover only fixed and variable costs

d. rates must cover variable costs



What is the effect of tapering rates on facility

location?a. pushes the facility towards the source of the raw material

b. there is no effect

c. pulls the location towards the source or market

d. makes the optimum location at the midpoint between the raw material sources and the marketplace



What is the effect of tapering rates on facility

location?a. pushes the facility towards the source of the raw material

b. there is no effect

c. pulls the location towards the source or market

d. makes the optimum location at the midpoint between the raw material sources and the marketplace

Documents

CLM - Pittsburgh Roundtable 1999 College Challenge Round 1 - Question 1 An order bill of lading differs from a straight bill of lading in that: a.the order