Cop 321 Exam Questions with Verified 100%
Correct Answers
.
QN= 1 Which statement is not correct?
a. Transportation can be viewed as the glue that holds the supply chain
together
b. Transportation demand is essentially a request to move a given weight or
amount of cargo a specific distance between two specific points
c. Transportation is an important and pervasive element in our society that
affects every person either directly or indirectly
d. Fundamental economic role of transport is not to bridge this supply-demand gap -
✔✔d
QN=2 Which statement is correct?
a. Weight-distance units for freight and Passenger-distance units for people are
heterogeneous
b. The demand for transportation is usually measured in Weight-distance units for
freight (ton-miles)
c. The demand for transportation is usually measured in Passenger-distance units for
people (passenger-miles)
d. All of the above - ✔✔d
QN= 3 Which statement is correct?
a. Aggregate demand for transportation is the sum of the individual
demands for freight or for passengers
,b. Aggregate demand can mean the sum of the demand for transportation via different
modes
c. Aggregate demand can mean the aggregate demand for a particular mode
d. All of the above - ✔✔d
QN= 4 Which statement is not correct?
a. Demand sensitive to price change is price elastic
b. Demand insensitive to price change is price inelastic
c. Demand for particular mode or carrier tends to be price inelastic
d. Aggregate demand for freight transportation tends to be price inelastic - ✔✔c
QN= 5 Which statement is (not) correct?
a. For modal shipments or for a specific carrier within that mode, demand may also be
service elastic
b. Demand for transport service to move a product to a given location depends upon
the existence of demand to consume (use) that product at that location
c. The demand for transportation is generally referred to as a derived
demand, as opposed to customer demand for a product
d. Aggregate demand for freight transport cannot be easily affected by individual carrier
actions
e. All of the above - ✔✔e
QN= 6 Which statement is not correct?
a. Landed cost includes Cost of production & Transport cost from production point
to market
b. Landed cost determines extent or range of a producer's market area and thus the
value of transport service
, c. The company with the higher landed cost will have a greater market area than the
firm with the higher transportation costs
d. Transport costs influence a producer's landed cost
advantage/disadvantage versus competitors - ✔✔c
QN=7 Critical service characteristics and related supply chain cost impacts
a. Transit time
b. Reliability or consistency of transit time
c. Accessibility
d. Capability
e. Security
f. All of the above - ✔✔f
QN= 8 Which statement is not correct?
a. Physical distribution concept focused on finished goods or the outbound side of a
firm's logistic system
b. Physical distribution focuses on physical distribution system costs and tradeoffs
c. Physical distribution involves tradeoffs between transport, inventory, materials
handling, and packaging costs
d. All of the above - ✔✔a
QN= 9 Which statement is (not) correct?
a. Logistics contributes to customer service and revenue generation
b. Business logistics concept development facilitated by economic
deregulation of transport
c. Business logistics concept development facilitated by rising degree of international or
global sourcing
Correct Answers
.
QN= 1 Which statement is not correct?
a. Transportation can be viewed as the glue that holds the supply chain
together
b. Transportation demand is essentially a request to move a given weight or
amount of cargo a specific distance between two specific points
c. Transportation is an important and pervasive element in our society that
affects every person either directly or indirectly
d. Fundamental economic role of transport is not to bridge this supply-demand gap -
✔✔d
QN=2 Which statement is correct?
a. Weight-distance units for freight and Passenger-distance units for people are
heterogeneous
b. The demand for transportation is usually measured in Weight-distance units for
freight (ton-miles)
c. The demand for transportation is usually measured in Passenger-distance units for
people (passenger-miles)
d. All of the above - ✔✔d
QN= 3 Which statement is correct?
a. Aggregate demand for transportation is the sum of the individual
demands for freight or for passengers
,b. Aggregate demand can mean the sum of the demand for transportation via different
modes
c. Aggregate demand can mean the aggregate demand for a particular mode
d. All of the above - ✔✔d
QN= 4 Which statement is not correct?
a. Demand sensitive to price change is price elastic
b. Demand insensitive to price change is price inelastic
c. Demand for particular mode or carrier tends to be price inelastic
d. Aggregate demand for freight transportation tends to be price inelastic - ✔✔c
QN= 5 Which statement is (not) correct?
a. For modal shipments or for a specific carrier within that mode, demand may also be
service elastic
b. Demand for transport service to move a product to a given location depends upon
the existence of demand to consume (use) that product at that location
c. The demand for transportation is generally referred to as a derived
demand, as opposed to customer demand for a product
d. Aggregate demand for freight transport cannot be easily affected by individual carrier
actions
e. All of the above - ✔✔e
QN= 6 Which statement is not correct?
a. Landed cost includes Cost of production & Transport cost from production point
to market
b. Landed cost determines extent or range of a producer's market area and thus the
value of transport service
, c. The company with the higher landed cost will have a greater market area than the
firm with the higher transportation costs
d. Transport costs influence a producer's landed cost
advantage/disadvantage versus competitors - ✔✔c
QN=7 Critical service characteristics and related supply chain cost impacts
a. Transit time
b. Reliability or consistency of transit time
c. Accessibility
d. Capability
e. Security
f. All of the above - ✔✔f
QN= 8 Which statement is not correct?
a. Physical distribution concept focused on finished goods or the outbound side of a
firm's logistic system
b. Physical distribution focuses on physical distribution system costs and tradeoffs
c. Physical distribution involves tradeoffs between transport, inventory, materials
handling, and packaging costs
d. All of the above - ✔✔a
QN= 9 Which statement is (not) correct?
a. Logistics contributes to customer service and revenue generation
b. Business logistics concept development facilitated by economic
deregulation of transport
c. Business logistics concept development facilitated by rising degree of international or
global sourcing
