$1.**$What is the primary objective of Supply Chain Management?$**$

a$.$ To minimize product costs

b$.$ To maximize employee performance

c$.$ To optimize the flow of products, information, and finances

d$.$ To enhance marketing strategies

$2.**$Which of the following is a key component of Supply Chain Management?$**$

a$.$ Customer Relationship Management

b$.$ Human Resource Management

c$.$ Financial Risk Management

d$.$ Quality Assurance Testing

$3.**$What does the term 'Just$-$In$-$Time' $($JIT$)$ refer to in Supply Chain Management?$**$

a$.$ A strategy to employ skilled workers just in time for production

b$.$ A method to deliver products to customers at the exact time they are needed

c$.$ A system of producing or procuring products exactly when they are needed in the production process

d$.$ A financial strategy to optimize cash flow

$4.**$In Supply Chain Management, what is the bullwhip effect?$**$

a$.$ A strategy for rapidly increasing production

b$.$ A phenomenon where small fluctuations in demand at the retail level cause progressively larger fluctuations up the supply chain

c$.$ A method for increasing product visibility in the market

d$.$ A technique for rapid transportation of goods

$5.**$Which of the following is an example of a green initiative in Supply Chain Management?$**$

a$.$ Implementing cost$-$cutting measures

b$.$ Switching to renewable energy sources for manufacturing processes

c$.$ Increasing the number of suppliers

d$.$ Focusing solely on customer satisfaction

question $6$

Consider the following table which represents the performance of two algorithms $($Algorithm A

and Algorithm B$)$ in processing different tasks. The table shows the time taken $($in seconds$)$ to

complete each task.

Using the data in the table, answer the following questions:

Calculate the average time taken by each algorithm across all tasks.

Determine which algorithm is the most efficient on average.

For each task, identify which algorithm performed better.

Calculate the percentage difference in time taken between the two algorithms for Task $5.$

If the efficiency of an algorithm is defined as the inverse of the average time taken $($efficiency $=$

$1/$average time$),$ compute the efficiency of each algorithm.