Chapter 13 ( Logistic Management)

___________ refers to the buying and controlling of transportation services by either a shipper or consignee.

• Transportation management

• Logistics management

• Routing

• Tracking

In general terms, ___________ accounts for about 6 percent of U.S. gross domestic product.

• warehousing

• logistics

• supply chain management

• transportation

___________ signifies the price charged for freight transportation.

• Fare

• Tariff

• Rate

• Revenue

Which of the following is not one of the three primary factors that transportation rates are based upon?

• product

• density

• weight

• distance

Weight times rate equals ___________.

• density

• transportation cost

• stowability

• volume

A(n) ___________ rate refers to a specific rate for every possible combination of product, weight, and distance.

• classification

• ad valorem

• commodity

• class

A(n) ___________ rate is very good for dealing with demand-specific situations.

• density

• commodity

• class

• ad valorem

A(n) ___________ rate simplifies each of the three primary rate factors—product, weight, and distance.

• class

• ad valorem

• density

• commodity

Which of the following is not one of the four factors used to determine a product’s classification?

• density

• liability to damage and theft

• stowability

• product value

The National Motor Freight Classification (NMFC) currently has 18 separate ratings, or classes, that range from Class 50 to Class ___________.

• 300

• 400

• 500

• 600