Exam Review 2

Chapters 6-9

1. What is the relationship between freight rate charge and the weight distance?

2. Modes of transportation: Fixed vs variable costs for each mode.

3. Credit and limit or something

4. What is factory date pricing

5. What is activity based costing

6. What is derived demand

7. Read ab new routing opportunities

8. Know the diff between roro and lolo & their advantages/disadvantages

9. What is a TEU

10. What is hub and spoke

11. What are strings in terms of shipping

12. What is tare weight and what does it mean

13. What does groupage mean

14. According to book, what is the world’s total weight as a percent carried by sea?

15. What does FCL mean and what does LCL mean

16. What is a freight forwarder

17. What does own account transportation mean

18. What do integrators offer

19. What are the LSPs and the difference between 2nd 3rd and 4th LSPs

20. What does the 5th one integrate into it?

21. What is an incoterm

22. What is the BOL (bill of lading)

23. What is the important documents for international transactions

24. What is a letter of inquiry

25. What was the trade facilitation agreement (started in 2013, ratified in 2017)

26. What is a single window

27. What is blockchain

There are 6 global business questions (NOT the future ones)

This exam will be longer bc of the short answer questions

Few short answer

Total of 8+7+8+6= 36 questions