CTB Carrier Selection & Risk Management

Question 1

What is a primary consideration when selecting a carrier?

Accepted Answer

Their safety record and reliability

Answer

Their office location.

Answer

Their advertising budget.

Answer

Their social media presence.

Question 2

Why is carrier insurance verification critical?

Accepted Answer

To ensure liability coverage and reduce risk

Answer

To avoid delivery delays.

Answer

To comply with marketing requirements.

Answer

To guarantee same-day service.

Question 3

What tool helps brokers manage carrier risk?

Accepted Answer

Carrier management tools and TMS

Answer

Accounting software.

Answer

Social networking tools.

Answer

Word processors.

Question 4

How does risk management benefit clients?

Accepted Answer

It ensures safe, on-time delivery and reduces claims

Answer

It increases paperwork.

Answer

It guarantees the lowest price.

Answer

It eliminates the need for insurance.

Question 5

What is a red flag in carrier risk evaluation?

Accepted Answer

Multiple safety violations and expired insurance

Answer

Newer company website.

Answer

Minimal customer base.

Answer

Frequent advertisements.

Question 6

Which federal agency oversees carrier compliance?

Accepted Answer

FMCSA

Answer

IRS

Answer

EPA

Answer

FBI

Question 7

How often should brokers verify carrier credentials?

Accepted Answer

Before each load is assigned

Answer

Once a year.

Answer

Every five years.

Answer

Only when the carrier requests it.

Question 8

What is the value of carrier contracts?

Accepted Answer

They outline key responsibilities and reduce disputes

Answer

They are unnecessary.

Answer

They replace insurance policies.

Answer

They are only for government carriers.

Question 9

How does carrier selection impact broker reputation?

Accepted Answer

It enhances reliability and client trust

Answer

It has no effect.

Answer

It helps the broker avoid all fees.

Answer

It determines their website ranking.