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1) What is SCM? a) Supply Chain Management b) System Control and Monitoing c) Social Content Management d) Sweet Condensed Milk 2) The primary goal of Supply Chain Management (SCM) a) Maximizing individual company profits b) Minimizing customer satisfaction c) Improving the long-term performance of the entire supply chain d) Reducing production efficiency 3) Which of the following is NOT a benefit of SCM? a) Cost Efficiency b) Improved Customer Service c) Increased Lead times d) Risk Mitigation 4) What does SCM aim to reduce in order to achieve cost efficiency? a) Excess Inventory b) Transportation Routes c) Production Battle Necks d) Customer Demand 5) Which term refers to the time it takes for products to move from production to the consumer in SCM? a) Lead Time b) Lag Time c) Delay Time d) Wait Time 6) What is one of the risks that SCM helps mitigate? a) Market Competitions b) Natural Disasters c) Labor Strikes d) Advertising Costs 7) Which aspect of SCM focuses on collaboration among different entities in the supply chain? a) Cost Efficiency b) Risk Mitigation c) Enhanced Collaboration d) Competitive Advantage 8) What is one advantage of SCM mentioned in the text? a) Reduced Collaboration b) Lack of Reliability c) Competitive Advantage d) Improved Collaboration 9) Which of the following is NOT a disadvantage of SCM mentioned in the text? a) Expensive to Implement b) Lack of Reliability c) Simplifies Business Processes  d) Requires Trained and Specialized Staff 10) Which of the following is NOT a key element of SCM? a) Integrated Bahaviour b) Cost Inefficiency c) Cooperation d) Partnership Building

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