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An oil and gas company needs to ship petrol 1.000 miles from the port of entry to an inland refinery. Which of the following modes of transportation provides the best long-term, cost-efficient solution?

A.

Rail

B.

Trucking

C.

Pipeline

D.

Barge

A company wishes to ship large quantities via ocean freight utilizing the entire vessel capacity. The most appropriate contract of carriage to use is a:

A.

bill of lading (B/L).

B.

wet lease.

C.

charter party.

D.

letter of credit.

A company would like to encourage shippers to partner on sustainability initiatives Which of the following rates would best meet this objective?

A.

Density

B.

Incentive

C.

Differential

D.

Blanket

What is the primary value-added service that a company would receive from using land-bridge services?

A.

Reduced risk

B.

Reduced transit time

C.

Increased reliability

D.

Increased capacity

Which of the following outcomes of warehouse operations is the most critical in designing a warehouse"?

A.

Optimizing product flow

B.

Minimizing warehousing cost

C.

Increasing inventory counting

D.

Maximizing automation

The task that best describes the value proposition offered by freight forwarders is that they:

A.

act as agents for domestic firms in international markets, primarily obtaining orders for theirclients' products.

B.

export goods and services and locates overseas buyers on their clients' behalf.

C.

consolidate shipments from various customers and offer lower transportation rates.

D.

operate under power of attorney from the shipper to pay all import duties and are ultimately liable for unpaid duties.

One characteristic that could make it challenging for a foreign company to penetrate the United States (U S.) market is that the U.S. often has:

A.

refused to cooperate on sustainability initiatives.

B.

adopted multiple standards that are state specific.

C.

eliminated all foreign/free trade zones (FTZs) outside of sea ports.

D.

followed Customs Trade Partnership Against Terrorism (C-TPAT) rules.

A vessel operating under the threat of piracy or hostile military action is protected by the

A.

United Nations (UN) military forces.

B.

country closest to the vessel at the time of attack.

C.

shipping company registry.

D.

naval forces of the flag of registry.

A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business The tractor-trailer will be in service for 5 years before it will be sold at $55;000. With annual fuel costs estimated at $12,000; what is the annual depreciation for the vehicle?

A.

$7,000

B.

$11,000

C.

$19.000

D.

$30.000

Which of the following methods is used for facility location selection based on the location of markets, the volume of goods shipped, and shipping costs?

A.

Factor rating

B.

Center-of-gravity

C.

Break-even analysis

D.

Least cost