Midterm Assessment STUDENT FULL NAME: __________________________________ 2021 Section A ( 15 marks ) Each correct answer is 5 points. What is the freight company role in Industry? _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ What is the Factoring? _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ What is the Broker’s role in Industry? _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Section B ( 20 mark ) Each correct answer is 1 point. Write down full meaning and explain briefly what does the term means, how to use it? BOL is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ POD is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Seal is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Rate Confirmation _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Update Board is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Bobtail is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ETA is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ SCAC code _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Stationary is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Weight station is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Reimburse is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Capacity code _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Carrier Package is _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Lumper _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Detention and Layover _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ TONU _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Upcoming load _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ EST time _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ EDT time _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ In Transit load _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Section C ( 10 mark ) Each correct answer is 1 point Choose correct state abbreviation: 1. Maine a. ME b. MI c. MA d. MN 2. Kansas a. KA b. KS c. KY d. KN 3. Washington a. VA b. WA c. WY d. WV Fill the gaps below: 4. 5. 6. 7. 8. 9. 10. NY is abbreviation for ________________ NV is abbreviation for ________________ TX is abbreviation for ________________ AL is abbreviation for ________________ LA is abbreviation for ________________ ND is abbreviation for ________________ OR is abbreviation for ________________ Section D ( 10 mark ) Each correct answer is 1 point Explain following terms: a. Enroute ___________________________________________________________________________ b. Shop ___________________________________________________________________________ c. Stop ___________________________________________________________________________ d. Ready Inspection ___________________________________________________________________________ e. Rest ___________________________________________________________________________ f. Home ___________________________________________________________________________ g. Vocation ____________________________________________________________________________ h. Covered ____________________________________________________________________________ i. Reserved ____________________________________________________________________________ j. Ready ____________________________________________________________________________ Section E (EXPLAIN, 25 mark) Account Receivable ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Account Payable ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ In which cases do we use Zelle? ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Carrier Package ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Bill TO ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ACH( 1 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ What is included inside of INVOICE? ( 1 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Direct Deposit ( 1 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Toll road ( 2 point ) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ E-Z PASS ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Why do we need an “Accounting in Logistics”? ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ What’s difference between routine and account numbers? ( 2 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ WO meaning( 1 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Paystub( 1 points) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Can we use the same seal number all the time ? ( 2 point ) _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Section F: Dispatching Load: 20 Marks Amazon load: 10 mark Answer: Street Load ( DAT POWER ) 10 mark Answer: