embry LGMT636 Week 9 final exam latest 2016 may

As the VP of Transportation, you recently decided to reduce the number of carriers you work with from 15 down to 3 and focus on developing strategic partnerships with the remaining three firms. One of the criteria you are using to select the final three is the Current Ratio. Many of the firms have ratios that vary from .65 to .95, while others range from 1.1 to 1.6. Which of these firms would you prefer and why?

Question 210 pts

What is the Operating Ratio, how is computed, and what does it measure?

Question 310 pts

Briefly describe the three categories of major pricing decisions made by carriers.

Question 410 pts

What is the difference between the terms "rates" and "price" with regard to transportation?

Question 510 pts

What is a land bridge, and why would a carrier use a land bridge?

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Question 610 pts

Why would a carrier fly a flag of convenience? What is the biggest disadvantage?

Question 710 pts

Improving the quality of information and information flows can be an important source of competitive advantage and an important strategy for shippers. Why?

Question 810 pts

Proactive management is one of the shipper strategies addressed in the text. What is proactive management and briefly describe at least one example of how proactive transportation management can or has been used to solve a transportation-related business problem.

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Question 910 pts

What is the "core carrier "concept and what are some of the advantages and disadvantages of this concept from a shippers perspective?

Question 1010 pts

Even though all or part of the transportation function is often outsourced to one or more third parties, many firms have found that it is important to retain a senior person with transportation expertise in-house. Why?

Question 1110 pts

Briefly describe the role of the web and Collaborative Transportation Management (CTM).

Question 1210 pts

What is RFID and describe at least one advantage and disadvantage of using RFID to manage transportation assets as well as the goods being moved.

Question 1310 pts

What is the 24 Hour Manifest Rule?

Question 1410 pts

The authors of your text state that there is a delicate balance between security and global commerce. Explain.

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