History of CASS Bank & Trust Company
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Questions and Answers

What year was CASS Bank & Trust Company chartered?

  • 1906 (correct)
  • 1967
  • 1920
  • 1984

Which service does Cass Information Systems specialize in?

  • Healthcare Management
  • Retail Banking
  • Real Estate Development
  • Freight Bill Processing (correct)

What is the main purpose of Cass' freight payment services?

  • To provide legal consultation
  • To outsource HR services
  • To reduce and control transportation expenses (correct)
  • To increase transportation expenses

What is the typical workflow for Cass' Freight Bill Processing Service?

<p>Receive bills, scan, key in information, screen by CASS, approve and pay (A)</p> Signup and view all the answers

How is a Freight Bill created in the scenario provided?

<p>Order placement, order entry file creation, shipping preparation with B/L, product loading, and bill of lading distribution (D)</p> Signup and view all the answers

What is the main role of Cass in the Freight Payment process?

<p>Screening and approval of freight bills (C)</p> Signup and view all the answers

What is the correct format for the 'Remit To' address for a Canadian carrier?

<p>First five alphas of the carrier name and first five positions of the alpha numeric Canadian Postal Zip (C)</p> Signup and view all the answers

What is the correct format for the 'Remit To' address for a non-US & non-Canadian carrier?

<p>First five alphas of the carrier name and five zeroes (00000) for the zip (D)</p> Signup and view all the answers

When multiple carrier codes are listed, how should the correct SCAC code be determined?

<p>Choose the code that matches the regional name referenced at the top of the freight bill (B)</p> Signup and view all the answers

What is the hierarchy for entering the PRO number when the standard guidelines don't apply?

<p>The text does not provide a hierarchy for entering the PRO number in this case (B)</p> Signup and view all the answers

What is the purpose of the PRO number?

<p>To identify the carrier's freight bill (A)</p> Signup and view all the answers

Which of the following is NOT a reason why the PRO number is entered when processing a freight bill?

<p>To track the shipment's progress (A)</p> Signup and view all the answers

What is the definition of a carrier in freight terminology?

<p>A company that transports goods from one location to another for a fee (B)</p> Signup and view all the answers

What does the term 'carrier code' refer to in freight terminology?

<p>The first 5 alpha characters of the carrier name plus the carrier's remit to zip code (A)</p> Signup and view all the answers

What is the meaning of the term 'centralized' in the context of freight terminology?

<p>Coming straight into the CASS Information Systems (CIS) from the carrier (D)</p> Signup and view all the answers

What is the definition of a 'claim' in freight terminology?

<p>A demand made upon a transportation line for payment on account of a loss sustained through negligence (C)</p> Signup and view all the answers

What does the term 'collect' mean in the context of freight shipping?

<p>A shipping term defining that the receiver or consignee must pay the freight charges (D)</p> Signup and view all the answers

What is the meaning of 'demurrage' in freight terminology?

<p>The same as detention (A)</p> Signup and view all the answers

What is the primary purpose of capturing the correct 'Remit To' address?

<p>To ensure the payment is made to the proper carrier and address (B)</p> Signup and view all the answers

Which of the following is the correct way to enter a carrier name that is less than 5 characters?

<p>Use blank spaces to fill the 5 positions (B)</p> Signup and view all the answers

What is a 'Factor' company in the context of this text?

<p>A company that buys the carrier's accounts receivable at a reduced rate and then bills the customer for the full amount (B)</p> Signup and view all the answers

What should the DCI clerk do when they identify a 'Factor' carrier?

<p>Highlight the 'Remit To' address for the 'Factor' carrier in yellow (C)</p> Signup and view all the answers

Which of the following is an example of a common name for a 'Factor' company?

<p>All of the above (D)</p> Signup and view all the answers

What should be done when the first five characters of the 'Remit To' address are numeric?

<p>Spell out the numeric characters in words (B)</p> Signup and view all the answers

What is the purpose of the Cass System's duplicate protection mechanism?

<p>All of the above (D)</p> Signup and view all the answers

How does the Cass System handle 'balance due' bills from carriers?

<p>It allows payment only when the carrier is entitled to the additional amount (A)</p> Signup and view all the answers

What is the purpose of the Pro Number Profile System?

<p>Both A and B (B)</p> Signup and view all the answers

If a pro number does not match the defined Promask, what happens?

<p>A warning message appears, and proper documentation is required (A)</p> Signup and view all the answers

Which of the following is NOT listed as a potential format for identifying pro numbers on motor freight bills?

<p>Shipment Number (C)</p> Signup and view all the answers

What is the significance of boldface type when identifying pro numbers on motor freight bills?

<p>It highlights the pro number among other information on the bill (C)</p> Signup and view all the answers

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