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Purchasing in Transportation Services and Supply Chain Management MCQ

TL Shipments are defined as loads in excess of 10,00000 pounds.

True

False

Answer

Correct Answer: False

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Transportation is facilitating the movements of raw materials and component parts from suppliers through the firm’s manufacturing process to the ultimate customers.

True

False

Answer

Correct Answer: True

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Surface transportation is freight movements by ________,mail, foreign trade zones, and other modes of transport other than water and air is known as ?

Truck

Rail

Pipeline

All of these

Answer

Correct Answer: All of these

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Less-than-truckload shipments handle small shipments below 10,0000 pounds.

True

False

Answer

Correct Answer: False

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Title of merchandise passes to the purchaser at the time of delivery; however, transportation and freight charges are prepaid by the vendor and added to the invoice is known as _____.

F.O.B.

F.O.B. destination

F.O.B. origin

None of these

Answer

Correct Answer: F.O.B. destination

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A delivery term that places liability with the purchaser once the freight leaves the dock, but the vendor is going to pay the shipping costs is known as ______.

F.O.B.

F.O.B. destination

F.O.B. origin

None of these

Answer

Correct Answer: F.O.B. origin

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The term FOB is an stand for:

free on board.

fee on buyer.

first on board.

freight origin buyer.

Answer

Correct Answer: free on board.

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A set of Core carriers that a shipper organization has identified as business partners that execute on individually agreed performance and price commitments.

True

False

Answer

Correct Answer: False

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A transport company’s contract and receipt for materials and equipment; agreement to transport from one location to another and to deliver to a designated individual or party is known as ____.

Zero-sum bargaining

Bills of lading

Somme

None of these

Answer

Correct Answer: Bills of lading

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