QUESTION 6 In general, which of the transportation modes tends to rank the best
ID: 375569 • Letter: Q
Question
QUESTION 6
In general, which of the transportation modes tends to rank the best with regards to cost?
Motor
Air
Water
Railroad
3 points
QUESTION 7
The factor that impacts the carrier selection decision regarding the consistency in a carrier's transit time is referred to as?
Capability
Reliability
Accessibility
Speed
3 points
QUESTION 8
In general, which of the transportation modes tends to rank the best with regards to accessibilty?
Railroad
Air
Water
Motor
3 points
QUESTION 9
The carrying cost per dollar of inventory in-transit is usually ____ that of the warehouse inventory.
less than
equal to
greater than
more than double
3 points
QUESTION 10
The average in-transit inventory is _____ the order quantity under the basic EOQ model assumptions.
not related to
larger than
a fraction of
the same as
Motor
Air
Water
Railroad
Explanation / Answer
Ans 6) Railroads are the cheapest among all the modes of transport for cargo. In all the other modes fuel costs and regulatory procedure costs add to the total landed cost of goods transported, making them less cost effective.
Ans 7) Reliability. This factor ensures that goods are not just delivered but delivered at the right time to the right receipient. Speed and the other options can be provided by any carrier but where consistency is concerned, reliability is the most crucial since it takes time and sincerity to establish oneself as a reliable carrier.
Ans 8) In today's world most of the modes are accessible but most accessible is Motor transport. It can be both privately and publicly held.
Ans 9) Inventory cost is generally between 20% and 30% of the cost to purchase inventory but varies from business to business. So carrying cost should be less than inventory value.
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