Deck 2: Transportation: The Critical Link in the Economy

Question 1

What chemical emissions from internal combustion leads to acid rain?

A) sulfur dioxide
B) arsenic
C) carbon dioxide
D) methane

Answer 1

A

Question 2

What does the right of eminent domain mean?

A) you can use force to protect your house
B) the government can seize your house for public use
C) if you are born in the U.S. you are a citizen automatically
D) rail companies can seize your land

Answer 2

B

Question 3

What percentage of ton mile traffic in the U.S.is carried by air?

A) 4%
B) 10%
C) less than 1%
D) 24%

Answer 3

C

Question 4

On a per capita basis what commodity has the highest demand based on weight?

A) meat
B) beverages
C) fruit
D) vegetables

Question 5

What was the primary reason for the creation of the U.S.interstate road way system?

A) commerce
B) defense
C) create depression era jobs
D) promote manufacturing

Question 6

What key element is supporting the ability to sell products made in large scale production facilities?

A) efficient transportation
B) highly technical production
C) just in time sourcing
D) high quality design

Question 7

If a product costs $10 to produce,the firm expects 10% margin on the cost to produce and transportation per unit costs $2,what is the least price the firm is likely to accept for the product?

A) $12.99
B) $12.00
C) $13.00
D) $12.01

Question 8

Ozone reduction is a concern due to what compound used in refrigeration?

A) carbon dioxide
B) chloroform
C) chlorofluorocarbons
D) chlorophyll

Question 9

The economic center of Mexico is

A) Guadalajara
B) Puebla
C) Tijuana
D) Mexico City

Question 10

According to the book,in 2006,how many people lost there lives due to transportation related accidents?

A) 3,256
B) 12,652
C) 25,658
D) 44,912

Question 11

When did double stack rail container service begin?

A) 1916
B) 1962
C) 2006
D) 1982

Question 12

Which of the following is considered an operations and management transportation trend?

A) greater concern with security
B) increased non economic regulation
C) closer link with marketing and sales of the carrier
D) more international alliances

Question 13

What is the reason for lower freight transportation?

A) more efficient use of equipment
B) lower demand
C) higher fuel prices
D) driver shortage

Question 14

Which of the following is not considered a non-economic transportation regulation area?

A) safety
B) security
C) environment
D) price fixing

Question 15

What environmental event significantly increased the visibility of industrial transportation safety?

A) Chernobyl meltdown
B) Three mile island
C) Exxon Valdez
D) Iraqi oil field fires

Question 16

Who determines which transportation services are available?

A) government
B) consumer
C) the service providers
D) manufacturers

Question 17

Based upon Lardner's Law,if transportation cost is cut in half,how much does the relevant market area increase?

A) 200%
B) 50%
C) 400%
D) 600%

Question 18

Which major societal function consumes the greatest percentage of GDP?

A) Transportation
B) Housing
C) Health Care
D) Food

Question 19

Which of the following is considered a transportation supply trend?

A) higher fuel charges
B) increased use of third party services
C) more international transportation
D) leasing of containers

Question 20

The Federal Highway Administration expects transportation volume to increase by how much by 2035?

A) 50%
B) 100%
C) 200%
D) 300%

Question 21

Explain modalsplit.

Question 22

Which administration passed legislation in support of the interstate highway system?

Question 23

Explain place utility.

Question 24

Transportation provides what critical link in the economy?

Question 25

Why is transportation considered a cost center in the firm?

Question 26

Explain the relationship between the political process and transportation.

Question 27

Explain time utility.

Question 28

Explain why geographic specialization occurs.

Question 29

Explain the economic significance of transportation.

Question 30

What is transportation's impact on the environment?

Question 31

Explain how transportation adds utility to goods.

Question 32

Explain how efficient transportation decreases the chance local entrepreneurs will act opportunistically.

Question 33

What is the duty of a common carrier?

Question 34

What factors,other than economic factors,has shaped the American transportation system?

Question 35

Explain how transportation helps determine the economic value of a product.