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1. Which of the following one is NOT a component of demand? A. Seasonal element B. Random variation C. Trend D. Customer preference 2. A branch of Samsung store holds on average 1000 units of S-9 in its local warehouse. When they place any unit of S-9 on the shelf (it means to keep it in the store), on average it takes 5 days to sell it. Now assume this branch is selling 100 units of S-9 each day. What is the total number of S-9 units in the store and its local warehouse? A. 500 B. 1000 C. 1500 D. None of the above. 3. The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following? A. Cost of goods sold/Average aggregate inventory value B. Fixed costs/Variable costs C. Sales costs/Variable costs D. Cost of goods sold/Cost to buy goods 4. Which one does NOT fit the newsperson model A. Overbooking of airline flight B. Ordering of storable products C. Ordering of fashion items D. Ordering of T-shirts for a sporting event 5. Which of the following is NOT a drawback of Panel Consensus? A. Expensive to invite high level manager B. No individual responsible for forecast quality C. Can be very subjective of the result D. Few people dominate the panel