1. What is the primary role of IoT in supply chain management?
A) Enhancing employee engagement
B) Real-time tracking and monitoring of goods
C) Designing supply chain strategies
D) Conducting market research
Answer: B) Real-time tracking and monitoring of goods
2. How does blockchain technology benefit supply chain transparency?
A) By reducing the number of suppliers
B) By providing a tamper-proof record of transactions
C) By automating customer service
D) By increasing product prices
Answer: B) By providing a tamper-proof record of transactions
3. Which of the following is a common use of IoT devices in supply chains?
A) Automating financial transactions
B) Tracking the location and condition of shipments
C) Managing human resources
D) Designing marketing materials
Answer: B) Tracking the location and condition of shipments
4. How can blockchain technology improve the traceability of products in the supply chain?
A) By providing real-time location data
B) By ensuring secure and transparent record-keeping
C) By optimizing delivery routes
D) By reducing energy consumption
Answer: B) By ensuring secure and transparent record-keeping
5. What is a significant advantage of using IoT sensors in cold chain logistics?
A) Reducing fuel consumption
B) Monitoring temperature and humidity conditions
C) Increasing packaging costs
D) Enhancing marketing strategies
Answer: B) Monitoring temperature and humidity conditions
6. Which feature of blockchain technology helps in preventing fraud in supply chains?
A) Centralized data storage
B) Immutable and decentralized ledger
C) Automated customer service
D) High transaction fees
Answer: B) Immutable and decentralized ledger
7. How can IoT technology contribute to predictive maintenance in supply chains?
A) By analyzing historical sales data
B) By monitoring equipment health in real-time
C) By reducing staff training costs
D) By managing supplier relationships
Answer: B) By monitoring equipment health in real-time
8. What challenge in supply chains can be mitigated by using blockchain for verifying product authenticity?
A) Inventory shortages
B) Counterfeit products
C) High transportation costs
D) Long lead times
Answer: B) Counterfeit products
9. In what way does IoT enhance the efficiency of warehouse operations?
A) By automating financial audits
B) By tracking inventory levels and optimizing space
C) By developing new product lines
D) By reducing employee turnover
Answer: B) By tracking inventory levels and optimizing space