Module 1 Quiz

Which technology is NOT commonly associated with Industry 4.0?

• Artificial Intelligence (AI)

• Nuclear Energy (NE)

• Virtual Reality (VR)

• Internet of Things (IoT)

What is the main objective of Industry 4.0?

• Reduce labor costs

• Increase raw material prices

• Eliminate all human workers

• Optimize manufacturing processes

How Big is Big Data Today?

• 44 X 10*21

• 54 X 10*21

• 65 X 10*21

• 74 X 10*21

Which of the follow is NOT how business defines Big Data?

• Veracity

• Vast

• Veracity

• Value

Which skill is crucial for workers in the Industry 4.0 era?

• Manual labor

• Critical thinking

• Telepathy

• Hieroglyphics

VUCA is a concept that originated from:

• Military strategy

• Economic theory

• Psychology

• Sports management

VUCA is a framework used to understand and navigate challenges in:

• Stable environments

• Predictable markets

• Dynamic and rapidly changing contexts

• Homogeneous industries

PESTLE analysis helps organizations in understanding the external opportunities and threats in their:

• Macro environment

• Micro environment

• Internal environment

• Competitive environment

Which force determines the ease or difficulty of entering an industry?

• Bargaining power of suppliers

• Threat of new entrants

• Bargaining power of customers

• Competitive intensity

The bargaining power of customers increases when:

• Customers have low switching costs

• Suppliers have limited control over their prices

• There are many available substitutes for the products or services

• The industry has high exit barriers