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ch 8 QUIZ (log)

Terms in this set (10)

T or F: The term "Drayage" means holding a container at the port beyond a certain time limit and incurring a penalty charge such as a daily rent after the free time ends.
F
T or F: NVOCC stands for "Non-Vessel Operating Common Carrier"
T
T or F: Freight Forwarders are businesses that consolidate small shipments from various customers into bulk shipment for a common carrier to transport.
T
T or F: Stowability is based on the combination of weight and volume
F
T or F: Cost-of-service pricing is based on the value as perceived by the shipper rather than by the carrier.
F
Which mode of transportation has the greatest capability, i.e., ranked #1 in capability?
A. Truck
B. Rail
C. Air
D. Water
E. Pipeline
B
Which mode of transportation has extremely high variable costs but relatively low fixed costs?
A. Truck
B. Rail
C. Air
D. Water
E. Pipeline
C
A carrier having their own tractors and trailers and responsible for maintenance of all their own equipment is known as?
A. Owner operator
B. Broker
C. Asset based
D. Freight forwarder
C
Common transportation documents include all of the following EXCEPT?
A. Bill of Lading
B. Freight Bill
C. Shipment Manifest
D. B and C Only
E. All of the above are transportation documents
E
For the purposes of determining freight rates, the grouping of similar products into uniform classes that are assigned a rating, is known as?
A. Combination
B. Classification
C. Rating
D. Customized
E. Consolidation
B
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