LSCM 4650 transportation final exam 2023 with complete
solution
Under the terms of sale, "FOB origin," title [ownership] to the freight transfers:
At point of origin
Under which form of pricing does the seller own goods while in-transit
FOB Destination
Managers attempting to gain control over their inbound shipments would
Use the term of sale "FOB Origin"
Monopolistic competition is a market structure where
Many small sellers exist, but there is some differentiation of products
Transportation companies operate in a variety of market structures. Truckload
motor carriers confront a situation where many sellers and many buyers exist in
the marketplace. To improve market share, the carriers attempt to differentiate
their service offerings from their competitors. This scenario best describes which
of the following market structures?
Pure competition
How is the Relevant Market Structure in transportation described
By identifying the relevant market area for one commodity moving between two points
What is the appropriate classification (from the NMFC in the provided PDF) for
marble blocks, on skids, mounted horizontally with 48 inch by 48 inch
dimensions
Class 60
What is the weight break for a class 300 item between M20M and M30M? (NOTE:
You will need to use the rate table found on the first page of the pdf with origin
zip 64154 and destination zip 75052).
201.20 CWT
Prior to deregulation, many large air carriers existed with few competitors.
However, several economists and staff members in the Carter Administration
argued that the threat of potential competition would force airline executives to
keep their fares at reasonable levels. What term is used to describe this rational
for deregulating the airlines?
Theory of contestable markets
Using the attached NMFC and rate table from zipcode 64154 to 75052, please
compute the total freight charge for 150 pounds of molded plastic luggage shells
in boxes, nested solid.
$112.97
Third-degree price discrimination in transportation:
Exists when different customers are charged differently for the identical service but in
different locations
Value of service pricing bases prices upon:
Value of the product
Ports pose a challenge in themselves for transportation security. Ports are a
challenge because:
solution
Under the terms of sale, "FOB origin," title [ownership] to the freight transfers:
At point of origin
Under which form of pricing does the seller own goods while in-transit
FOB Destination
Managers attempting to gain control over their inbound shipments would
Use the term of sale "FOB Origin"
Monopolistic competition is a market structure where
Many small sellers exist, but there is some differentiation of products
Transportation companies operate in a variety of market structures. Truckload
motor carriers confront a situation where many sellers and many buyers exist in
the marketplace. To improve market share, the carriers attempt to differentiate
their service offerings from their competitors. This scenario best describes which
of the following market structures?
Pure competition
How is the Relevant Market Structure in transportation described
By identifying the relevant market area for one commodity moving between two points
What is the appropriate classification (from the NMFC in the provided PDF) for
marble blocks, on skids, mounted horizontally with 48 inch by 48 inch
dimensions
Class 60
What is the weight break for a class 300 item between M20M and M30M? (NOTE:
You will need to use the rate table found on the first page of the pdf with origin
zip 64154 and destination zip 75052).
201.20 CWT
Prior to deregulation, many large air carriers existed with few competitors.
However, several economists and staff members in the Carter Administration
argued that the threat of potential competition would force airline executives to
keep their fares at reasonable levels. What term is used to describe this rational
for deregulating the airlines?
Theory of contestable markets
Using the attached NMFC and rate table from zipcode 64154 to 75052, please
compute the total freight charge for 150 pounds of molded plastic luggage shells
in boxes, nested solid.
$112.97
Third-degree price discrimination in transportation:
Exists when different customers are charged differently for the identical service but in
different locations
Value of service pricing bases prices upon:
Value of the product
Ports pose a challenge in themselves for transportation security. Ports are a
challenge because:
