Question 1

Explain how transportation adds utility to goods.

Accepted Answer

Transportation adds utility to goods in number of ways. The basic utility of a good is based upon what the good is designed to do. For instance an iPod's primary utility is mobile music production. Transportation provides utility in the form of time and place utility. Additionally transportation also allows large scale production by connecting production sources with demand source in an efficient manner.

Question 2

The Federal Highway Administration expects transportation volume to increase by how much by 2035?

Accepted Answer

A)  50% 
B)  100% 
C)  200% 
D)  300% 
A)  50% 
B)  100% 
C)  200% 
D)  300% D

Question 3

Explain the economic significance of transportation.

Accepted Answer

Transportation is considered the life support system of a civilization. Transportation systems have a major impact on population patterns and economic development. The lack of transportation infrastructure is considered one of the significant factors that has restrained economic development in many third world countries. From a daily living perspective transportation is critical to supporting the tremendous resource requirements of the average U.S.citizen,for example a city of 3 million people requires more than million pounds of meat,poultry,fish,eggs,cheese,and beverages a day.

Question 4

Which administration passed legislation in support of the interstate highway system?

Accepted Answer

The Eisenh

Question 5

Explain the relationship between the political process and transportation.

Accepted Answer

The initial construction of nearly all t

Question 6

Which of the following is considered an operations and management transportation trend?

Accepted Answer

A)  greater concern with security 
B)  increased non economic regulation 
C)  closer link with marketing and sales of the carrier 
D)  more international alliances 
A)  greater concern with security 
B)  increased non economic regulation 
C)  closer link with marketing and sales of the carrier 
D)  more international alliances

Question 7

Explain how efficient transportation decreases the chance local entrepreneurs will act opportunistically.

Accepted Answer

Efficient global transportation means th

Question 8

Transportation provides what critical link in the economy?

Accepted Answer

Transportation provi

Question 9

Which major societal function consumes the greatest percentage of GDP?

Accepted Answer

A)  Transportation 
B)  Housing 
C)  Health Care 
D)  Food 
A)  Transportation 
B)  Housing 
C)  Health Care 
D)  Food

Question 10

What factors,other than economic factors,has shaped the American transportation system?

Accepted Answer

Political and milita

Question 11

According to the book,in 2006,how many people lost there lives due to transportation related accidents?

Accepted Answer

A)  3,256 
B)  12,652 
C)  25,658 
D)  44,912 
A)  3,256 
B)  12,652 
C)  25,658 
D)  44,912

Question 12

Explain time utility.

Accepted Answer

The concept of time utility is similar t

Question 13

What is the reason for lower freight transportation?

Accepted Answer

A)  more efficient use of equipment 
B)  lower demand 
C)  higher fuel prices 
D)  driver shortage 
A)  more efficient use of equipment 
B)  lower demand 
C)  higher fuel prices 
D)  driver shortage

Question 14

Explain why geographic specialization occurs.

Accepted Answer

Geographic specialization refers to the

Question 15

What is transportation's impact on the environment?

Accepted Answer

Transportation is the backbone of the ec

Question 16

If a product costs $10 to produce,the firm expects 10% margin on the cost to produce and transportation per unit costs $2,what is the least price the firm is likely to accept for the product?

Accepted Answer

A)  $12.99 
B)  $12.00 
C)  $13.00 
D)  $12.01 
A)  $12.99 
B)  $12.00 
C)  $13.00 
D)  $12.01

Question 17

What does the right of eminent domain mean?

Accepted Answer

A)  you can use force to protect your house 
B)  the government can seize your house for public use 
C)  if you are born in the U.S. you are a citizen automatically 
D)  rail companies can seize your land 
A)  you can use force to protect your house 
B)  the government can seize your house for public use 
C)  if you are born in the U.S. you are a citizen automatically 
D)  rail companies can seize your land

Question 18

What was the primary reason for the creation of the U.S.interstate road way system?

Accepted Answer

A)  commerce 
B)  defense 
C)  create depression era jobs 
D)  promote manufacturing 
A)  commerce 
B)  defense 
C)  create depression era jobs 
D)  promote manufacturing

Question 19

What environmental event significantly increased the visibility of industrial transportation safety?

Accepted Answer

A)  Chernobyl meltdown 
B)  Three mile island 
C)  Exxon Valdez 
D)  Iraqi oil field fires 
A)  Chernobyl meltdown 
B)  Three mile island 
C)  Exxon Valdez 
D)  Iraqi oil field fires

Question 20

Ozone reduction is a concern due to what compound used in refrigeration?

Accepted Answer

A)  carbon dioxide 
B)  chloroform 
C)  chlorofluorocarbons 
D)  chlorophyll 
A)  carbon dioxide 
B)  chloroform 
C)  chlorofluorocarbons 
D)  chlorophyll

Explain how transportation adds utility to goods.

The Federal Highway Administration expects transportation volume to increase by how much by 2035?

Explain the economic significance of transportation.

Which administration passed legislation in support of the interstate highway system?

Explain the relationship between the political process and transportation.

Which of the following is considered an operations and management transportation trend?

Explain how efficient transportation decreases the chance local entrepreneurs will act opportunistically.

Transportation provides what critical link in the economy?

Which major societal function consumes the greatest percentage of GDP?

What factors,other than economic factors,has shaped the American transportation system?

According to the book,in 2006,how many people lost there lives due to transportation related accidents?

Explain time utility.

What is the reason for lower freight transportation?

Explain why geographic specialization occurs.

What is transportation's impact on the environment?

If a product costs $10 to produce,the firm expects 10% margin on the cost to produce and transportation per unit costs $2,what is the least price the firm is likely to accept for the product?

What does the right of eminent domain mean?

What was the primary reason for the creation of the U.S.interstate road way system?

What environmental event significantly increased the visibility of industrial transportation safety?

Ozone reduction is a concern due to what compound used in refrigeration?

Transportation: Critical Link in the Supply Chain

Transportation Regulation and Public Policy

Costing and Pricing in Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Transportation Risk Management

Global Transportation Planning

Global Transportation Execution

Third Party Logistics

Private Transportation and Fleet Management

Issues and Challenges of Global Supply Chains

Filters

Exam 2: Transportation: The Critical Link in the Economy

Explain how transportation adds utility to goods.

The Federal Highway Administration expects transportation volume to increase by how much by 2035?

Explain the economic significance of transportation.

Which administration passed legislation in support of the interstate highway system?

Explain the relationship between the political process and transportation.

Which of the following is considered an operations and management transportation trend?

Explain how efficient transportation decreases the chance local entrepreneurs will act opportunistically.

Transportation provides what critical link in the economy?

Which major societal function consumes the greatest percentage of GDP?

What factors,other than economic factors,has shaped the American transportation system?

According to the book,in 2006,how many people lost there lives due to transportation related accidents?

Explain time utility.

What is the reason for lower freight transportation?

Explain why geographic specialization occurs.

What is transportation's impact on the environment?

If a product costs $10 to produce,the firm expects 10% margin on the cost to produce and transportation per unit costs $2,what is the least price the firm is likely to accept for the product?

What does the right of eminent domain mean?

What was the primary reason for the creation of the U.S.interstate road way system?

What environmental event significantly increased the visibility of industrial transportation safety?

Ozone reduction is a concern due to what compound used in refrigeration?

Transportation: Critical Link in the Supply Chain

Transportation Regulation and Public Policy

Costing and Pricing in Transportation

Motor Carriers

Railroads

Airlines

Water Carriers and Pipelines

Transportation Risk Management

Global Transportation Planning

Global Transportation Execution

Third Party Logistics

Private Transportation and Fleet Management

Issues and Challenges of Global Supply Chains

Filters