FreshMart Supply Chain & Data Management Past Paper

**1. Which of the following best describes the primary benefit of integrating blockchain technology into FreshMart's supply chain?** A\) Reduction in marketing expenses B\) Elimination of competitor involvement C\) Enhanced transparency and real-time decision-making D\) Standardization of centra...

**1. Which of the following best describes the primary benefit of integrating blockchain technology into FreshMart's supply chain?** A\) Reduction in marketing expenses B\) Elimination of competitor involvement C\) Enhanced transparency and real-time decision-making D\) Standardization of centralized data governance **2. What is a significant trade-off when involving competitors in a blockchain network for FreshMart?** A\) Risk of weak network ties B\) Difficulty in achieving data standardization C\) Potential for data misuse and collusion threats D\) Reduced ability to enforce relational norms **3. FreshMart wants to balance offensive and defensive data strategies. Which of the following factors is most likely to push the company toward an offensive strategy?** A\) Strict industry regulations on data privacy B\) High competition in the grocery retail market C\) Need to comply with international trade laws D\) Large-scale storage of customer-sensitive data **4. When implementing SSOT and MVOTs, what governance failure could most likely lead to operational inefficiencies at FreshMart?** A\) Over-reliance on centralized control for data access B\) Ambiguity in data definitions between departments C\) Excessive customization of MVOTs D\) Restricting MVOT access to managerial teams **5. What would be the most effective use of blockchain in FreshMart's offensive strategy?** A\) Automating compliance checks for regulatory reporting B\) Predicting inventory needs based on sales trends C\) Enhancing real-time collaboration among suppliers D\) Encrypting customer data to prevent data breaches **6. If FreshMart adopts a decentralized data management system, which of the following is the most likely outcome?** A\) Reduced duplication of efforts across departments B\) Greater agility in adapting data to specific business needs C\) Increased consistency in data usage across all teams D\) Enhanced ability to comply with regulatory requirements **\ ** **7. FreshMart uses MVOTs to create department-specific data reports. What is a key risk if the MVOTs are poorly governed?** A\) Data redundancy across departments B\) Real-time adaptability to market conditions C\) Misalignment between department goals D\) Inconsistencies with the SSOT **8. Which of the following governance mechanisms is most effective for maintaining relational norms in a blockchain-based supply chain?** A\) Implementation of contingency planning for disputes B\) Anonymizing all transaction data shared across the network C\) Enforcing contracts through centralized management D\) Allowing competitors full access to shared data **9. FreshMart's CDO wants to ensure the accuracy of SSOT data. Which of the following governance practices would be most effective?** A\) Decentralizing access control to all departments B\) Conducting regular audits and implementing feedback loops C\) Allowing teams to modify SSOT data based on their needs D\) Relying on relational norms to maintain data integrity **10. What is the primary role of feedback loops in FreshMart's data governance system?** A\) To ensure compliance with external regulations B\) To improve the accuracy and reliability of MVOTs C\) To reduce costs associated with data management D\) To eliminate the need for SSOT in the architecture **11.** FreshMart has implemented blockchain technology to track its supply chain. The system provides real-time updates about the location and condition of products, such as fresh produce. However, the company notices that some suppliers are hesitant to join the network due to concerns about data visibility. What governance mechanism should FreshMart implement to address suppliers' concerns? A\) Full transparency for all participants to increase trust B\) Role-based access control to limit data visibility as needed C\) Anonymization of all supplier data to avoid misuse D\) Standardized contracts enforcing data sharing **12.** FreshMart's marketing team wants to analyze customer purchasing patterns to optimize product placement and promotions. Meanwhile, the legal team stresses the need to comply with privacy regulations like GDPR. What is the best approach to balance these conflicting goals? A\) Prioritize marketing insights over legal concerns B\) Establish clear data governance rules for data usage C\) Limit customer data collection to anonymized formats D\) Focus solely on defensive strategies to ensure compliance **13.** FreshMart has a Single Source of Truth (SSOT) for customer data. The marketing department creates MVOTs to segment customers into different loyalty groups. However, the sales team complains that the segments do not align with their revenue data, leading to inconsistencies in campaigns. What is the likely cause of the issue? A\) The SSOT data is not accurate or standardized B\) MVOTs lack customization for marketing needs C\) Poor governance between SSOT and MVOTs D\) Sales and marketing teams have conflicting goals **14.** FreshMart is considering involving competitors in its blockchain network to increase data coverage and utility. However, the board is concerned about the risks of sharing sensitive supply chain data with competitors. What is the best way for FreshMart to mitigate this risk? A\) Share data openly to foster trust among competitors B\) Use anonymized data and access controls for shared information C\) Exclude competitors to protect data integrity D\) Implement relational norms as the primary governance mechanism **15.** FreshMart's decentralized data system allows each department to manage its own MVOTs for operational efficiency. The finance team identifies duplicate records in the inventory database, leading to incorrect financial reporting. What should FreshMart do to prevent this issue in the future? A\) Centralize the data management system to eliminate duplication B\) Conduct audits of MVOTs to ensure alignment with the SSOT C\) Limit departmental access to data to prevent duplication D\) Eliminate the use of MVOTs to ensure consistency