Data analysis and visualization MCQs in Supply Chain

MCQs on Data Analysis and Visualization in Supply Chain

1. Which of the following is NOT a common data visualization tool used in supply chain analysis?
   • A) Tableau
   • B) Power BI
   • C) Excel
   • D) SPSS
   • Answer: D) SPSS
2. What is the primary purpose of using data visualization in supply chain management?
   • A) To increase data storage capacity
   • B) To simplify complex data and identify trends
   • C) To create data security protocols
   • D) To develop software applications
   • Answer: B) To simplify complex data and identify trends
3. In supply chain analytics, what does the acronym KPI stand for?
   • A) Key Performance Indicator
   • B) Knowledge Process Improvement
   • C) Key Product Index
   • D) Knowledge and Process Integration
   • Answer: A) Key Performance Indicator
4. Which of the following charts is best suited for showing the distribution of a single quantitative variable?
   • A) Bar chart
   • B) Line chart
   • C) Histogram
   • D) Pie chart
   • Answer: C) Histogram
5. In the context of inventory management, what does ABC analysis help to identify?
   • A) Most and least profitable customers
   • B) Products with high sales volume
   • C) High, medium, and low-value inventory items
   • D) Supplier reliability
   • Answer: C) High, medium, and low-value inventory items
6. Which of the following methods is commonly used for forecasting demand in supply chain management?
   • A) Regression analysis
   • B) SWOT analysis
   • C) Five Forces analysis
   • D) Scenario planning
   • Answer: A) Regression analysis
7. What type of chart would be most appropriate for comparing the lead time for different suppliers?
   • A) Pie chart
   • B) Line chart
   • C) Bar chart
   • D) Scatter plot
   • Answer: C) Bar chart
8. In supply chain data analysis, what does the term ‘Big Data’ refer to?
   • A) Large files that are difficult to store
   • B) A vast volume of data that is complex and grows exponentially
   • C) Data that is larger than 1 TB
   • D) Data stored on external hard drives
   • Answer: B) A vast volume of data that is complex and grows exponentially
9. Which of the following best describes a “dashboard” in supply chain analytics?
   • A) A type of data storage system
   • B) A user interface for visualizing and analyzing key performance metrics
   • C) A database management tool
   • D) A programming language for data analysis
   • Answer: B) A user interface for visualizing and analyzing key performance metrics
10. In data visualization, what does the term “drill down” refer to?
    • A) The process of increasing data security
    • B) A method to dig deeper into more detailed data from a summary view
    • C) The use of multiple colors in charts
    • D) A technique for reducing data size
    • Answer: B) A method to dig deeper into more detailed data from a summary view

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