Which statement best describes the concept of economies of scale in shipping?
The Assessment for Admission into HND in MLM (NVQ L6)

Quiz
•
Science
•
12th Grade
•
Hard
LAKNA WARNAPURA
Used 5+ times
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
a) It refers to the cost advantages that large vessels enjoy over smaller vessels due to spreading fixed costs over a larger volume of cargo.
b) It implies that smaller vessels are more cost-effective than larger vessels for transporting bulk cargo.
c) It suggests that shipping costs remain constant regardless of the volume of cargo transported.
d) It indicates that shipping costs decrease proportionally with the increase in cargo volume.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which mode of transport offers the highest level of flexibility in terms of route options and accessibility?
a) Maritime transport
b) Air transport
c) Road transport
d) Pipeline transport
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of safety stock in inventory control?
a) To prevent stockouts due to unexpected fluctuations in demand or supply
b) To reduce carrying costs associated with excess inventory
c) To facilitate just-in-time production and delivery
d) To optimize warehouse space utilization
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How can digital marketing strategies be applied effectively in the maritime industry?
a) By utilizing social media platforms to engage with customers and promote services
b) By implementing targeted email marketing campaigns to reach potential clients
c) By optimizing website content for search engine visibility
d) All of the above
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How does containerization impact the efficiency of cargo handling at port terminals?
a) It reduces turnaround times for vessels and increases terminal productivity.
b) It increases congestion and delays at port terminals.
c) It may require additional equipment and infrastructure to handle non-standard cargo, affecting efficiency.
d) It streamlines customs clearance processes by standardizing documentation and procedures
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What information is typically included in a Packing List?
a) Details of the goods being shipped, such as quantity, weight, and dimensions
b) Terms of sale and payment between the buyer and seller
c) Certification of the country of origin of the goods
d) Contractual agreements between the shipper and the carrier
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "vessel husbanding" refer to in maritime industry?
a) The process of managing a ship's crew and resources
b) The provision of port services and support to visiting vessels
c) The maintenance and repair of maritime vessels
d) The navigation and operation of a vessel at sea
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