Exam 12: Transportation Correct Answers Are Bolded

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The predominant commodity moved by barge transportation is ____.

(Multiple Choice)
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U.S. commercial airline pilots face mandatory retirement at age 70.

(True/False)
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The level and degree of transportation regulation varies from country to country.

(True/False)
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Each of the following is true, except ____.

(Multiple Choice)
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Private transportation is most prevalent in the pipeline industry.

(True/False)
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Truckload carriers focus on shipments of greater than ____ pounds.

(Multiple Choice)
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In the United States, ____ account for the largest share of ton-miles and ____ account for the majority of freight revenues.

(Multiple Choice)
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The U.S. ____ is the federal government body with primary responsibility for transportation safety regulation.

(Multiple Choice)
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The primary advantage for motor carriers is flexibility (the ability to deliver the product to the customer).

(True/False)
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Land bridge services involve the use of surface transportation-generally rail transportation-between an origin and destination port.

(True/False)
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Economic regulation in transportation refers to control over business practices and activities such as entry and exit; pricing; service; accounting and financial issues; mergers and acquisitions.

(True/False)
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Assume that it is the year 2005 and the cost to HDT of borrowing money is 12% per year. Because the buyer will pay for trucks as they are delivered, would it be advantageous for HDT to pay overtime to speed up production, ship the trucks as they were finished via the Port of Baltimore, and collect their payment earlier? Why or why not?

(Essay)
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Freight forwarders ____.

(Multiple Choice)
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In the U.S., motor carriers have the largest share of ton-miles.

(True/False)
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Consignees are ____.

(Multiple Choice)
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With intermodal transportation, two or more modes work closely together in an attempt to utilize the advantages of each mode while at the same time minimizing their disadvantages.

(True/False)
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Assume you are Vanderpool. Draft the comparison Pon just requested. Many students will calculate transportation costs. For the movement via Chicago, they will choose to use rail. Here's the comparison: Assume you are Vanderpool. Draft the comparison Pon just requested. Many students will calculate transportation costs. For the movement via Chicago, they will choose to use rail. Here's the comparison:

(Essay)
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Which of the following is not likely to move by air transportation?

(Multiple Choice)
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U.S. pipelines are so safe that there is no federal safety agency assigned to regulate them.

(True/False)
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