Homework Set 4In this module, you will complete and submit your fourth homework set. This gives you the opportunity to assess your understanding of the important concepts presented in Chapters 13, 14, 15, and 16 of our textbook. Not only will this assignment help in your understanding of the key concepts, it will also help you prepare for the Final Exam and ultimately for the opportunity to sit for the accreditation exams offered by APICS and/or the Supply Chain Council. You should have started this assignment during Module 7, but you canto download it in case you have not yet begun.Submit Homework Set 4 to the Dropboxno later than Thursday 11:59 PM EST/EDT. Name your Word document as follows: LastName_FirstName_MGT377_Homework_Set_4..0001pt; text-align: center;”>MGT 377 Homework Set 4On this document, select
the correct answer to each of the following 15 questions by making it into a bold
and highlighted font and submit the completed assignment to the Dropbox no
later than Thursday 11:59 PM EST/EDT of Module 8.Here is an example
of a correctly marked response:Rain is an example of
a __________.A. gas B. liquidC. solid1. __________
is often the most costly and time-consuming component of purchasing management.
A.
Negotiating B. BiddingC. TransportationD. AnalyzingE. Organizing2. __________
involves facilitating the movements of raw materials and component parts from
suppliers through the firms manufacturing process to the ultimate customers.A. ProductionB. ProcessingC. Production
managementD. Process
managementE.
Transportation 3. The
initial (transportation) decision requires the __________ firm to select the
appropriate shipment mode.A. buyingB. sellingC. shippingD. freightE. trucking4. Each of
the (transportation) modes has specific operating and cost characteristics and
the buying professional must weigh them in selecting the most appropriate
transportation mode. The most basic selection decision is the trade-off between
__________. A. quality,
flexibility, and priceB. cost,
flexibility, and speedC. flexibility,
reliability, and speedD. cost,
reliability, and speedE. efficiency,
cost, and speed5. In many
cases, most Fortune 500 firms use a variety of transportation modes depending
on their aggregate transportation needs. The model split is usually
determined by cost pressures, the packaging, the final shipment destination,
and competitive trucking firms.A. TrueB. False6. Deregulation
has allowed the railroad carriers to integrate into __________.A. more
competitive marketsB. other
marketsC. other
modes of transportationD. more
competitive ratesE. more
diverse markets7. __________
the trucking industry has dramatically changed not only the outcome of the industry
but also how it operates.A. Federal
deregulation ofB. State
regulation ofC. Competitive
rates inD. Centralized
management ofE. State
deregulation of8. The __________
industry is composed of a large number of for-hire and private carriers. The
for-hire category includes both regulated carriers and non-regulated carriers.A. railroadB. expressC. airlineD. bargeE. trucking 9. General
commodity carriers usually specialize in either truckload (TL) or
less-than-truckload (LTL) operations. Truckload shipments are defined by the
ICC as loads in excess of 10,000 pounds. Currently, there are more than 40,000
small truckload carriers. These companies have been typically __________.A. moderately
priced and highly organizedB. low-cost
and nonunionC. low-cost
and unionizedD. high
priced and nonunionE. reliable
and low-cost 10. Another
special ICC category is the parcel delivery service and limited shipment size
category. __________ is the largest carrier in this sector.A. UPSB. FedExC. DHLD. USPSE. UES11. Rail
transportation is generally less expensive than air and truck modes. Rail cargo
is usually shipped from terminal to terminal; therefore, flexibility is not an
attribute.A. TrueB. False12. The truck
mode is used to transport a variety of perishable consumer goods, such as fresh
meats, frozen meats, dairy products, baked goods, and beverages. The primary
advantages of this mode are __________.A. reliability
and low costB. flexibility
and versatilityC. low cost
and versatilityD. flexibility
and low costE. on time
delivery and low cost13. The
competition in the trucking industry is fierce, so in order to be successful, a
carrier must provide the shipper with __________.A. low costs
and flexibilityB. reliability
and high serviceC. versatility
and flexibilityD. high
service and low costsE. reliability
and low costs14. These
average prices are misleading when selecting one mode over another. However, it
is safe to suggest that, in general, __________ rates are lower than __________
rates on small shipments and on high-valued commodities. A. air; truckB. water; railC. truck; railD. truck; waterE. air; rail15. In
contrast, in long-haul volume movements of bulk commodities, __________ are
typically unable to quote __________ rates. A. air
carriers; motor-competitiveB. water carriers;
air-competitiveC. truckers; air-competitiveD. motor
carriers; rail-competitiveE. rail
carriers; truck-competitive
Homework Set 4In this module, you will complete and submit your fourth homework set. This gives you the opportunity to assess your understanding of the important concepts presented in Chapters 13, 14, 15, and 16 of our textbook. Not only will this assignment help in your understanding of the key concepts, it will also help you prepare for the Final Exam and ultimately for the opportunity to sit for the accreditation exams offered by APICS and/or the Supply Chain Council. You should have started this assignment during Module 7, but you canto download it in case you have not yet begun.Submit Homework Set 4 to the Dropboxno later than Thursday 11:59 PM EST/EDT. Name your Word document as follows: LastName_FirstName_MGT377_Homework_Set_4.On this document, select
the correct answer to each of the following 15 questions by making it into a bold
and highlighted font and submit the completed assignment to the Dropbox no
later than Thursday 11:59 PM EST/EDT of Module 8.Here is an example
of a correctly marked response:Rain is an example of
a __________.A. gas B. liquidC. solid1. __________
is often the most costly and time-consuming component of purchasing management.
A.
Negotiating B. BiddingC. TransportationD. AnalyzingE. Organizing2. __________
involves facilitating the movements of raw materials and component parts from
suppliers through the firms manufacturing process to the ultimate customers.A. ProductionB. ProcessingC. Production
managementD. Process
managementE.
Transportation 3. The
initial (transportation) decision requires the __________ firm to select the
appropriate shipment mode.A. buyingB. sellingC. shippingD. freightE. trucking4. Each of
the (transportation) modes has specific operating and cost characteristics and
the buying professional must weigh them in selecting the most appropriate
transportation mode. The most basic selection decision is the trade-off between
__________. A. quality,
flexibility, and priceB. cost,
flexibility, and speedC. flexibility,
reliability, and speedD. cost,
reliability, and speedE. efficiency,
cost, and speed5. In many
cases, most Fortune 500 firms use a variety of transportation modes depending
on their aggregate transportation needs. The model split is usually
determined by cost pressures, the packaging, the final shipment destination,
and competitive trucking firms.A. TrueB. False6. Deregulation
has allowed the railroad carriers to integrate into __________.A. more
competitive marketsB. other
marketsC. other
modes of transportationD. more
competitive ratesE. more
diverse markets7. __________
the trucking industry has dramatically changed not only the outcome of the industry
but also how it operates.A. Federal
deregulation ofB. State
regulation ofC. Competitive
rates inD. Centralized
management ofE. State
deregulation of8. The __________
industry is composed of a large number of for-hire and private carriers. The
for-hire category includes both regulated carriers and non-regulated carriers.A. railroadB. expressC. airlineD. bargeE. trucking 9. General
commodity carriers usually specialize in either truckload (TL) or
less-than-truckload (LTL) operations. Truckload shipments are defined by the
ICC as loads in excess of 10,000 pounds. Currently, there are more than 40,000
small truckload carriers. These companies have been typically __________.A. moderately
priced and highly organizedB. low-cost
and nonunionC. low-cost
and unionizedD. high
priced and nonunionE. reliable
and low-cost 10. Another
special ICC category is the parcel delivery service and limited shipment size
category. __________ is the largest carrier in this sector.A. UPSB. FedExC. DHLD. USPSE. UES11. Rail
transportation is generally less expensive than air and truck modes. Rail cargo
is usually shipped from terminal to terminal; therefore, flexibility is not an
attribute.A. TrueB. False12. The truck
mode is used to transport a variety of perishable consumer goods, such as fresh
meats, frozen meats, dairy products, baked goods, and beverages. The primary
advantages of this mode are __________.A. reliability
and low costB. flexibility
and versatilityC. low cost
and versatilityD. flexibility
and low costE. on time
delivery and low cost13. The
competition in the trucking industry is fierce, so in order to be successful, a
carrier must provide the shipper with __________.A. low costs
and flexibilityB. reliability
and high serviceC. versatility
and flexibilityD. high
service and low costsE. reliability
and low costs14. These
average prices are misleading when selecting one mode over another. However, it
is safe to suggest that, in general, __________ rates are lower than __________
rates on small shipments and on high-valued commodities. A. air; truckB. water; railC. truck; railD. truck; waterE. air; rail15. In
contrast, in long-haul volume movements of bulk commodities, __________ are
typically unable to quote __________ rates. A. air
carriers; motor-competitiveB. water carriers;
air-competitiveC. truckers; air-competitiveD. motor
carriers; rail-competitiveE. rail
carriers; truck-competitive
