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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. A professional services firm is undergoing a business process improvement exercise to improve productivity, staff morale, and client satisfaction. Management compensation will be tied specifically to improvement in productivity during the fiscal year. Which tool should be used to quantify a measurable standard to help the company track the productivity goal for the fiscal year?

A) Balanced scorecard
B) Key performance indicator
C) Results-based management
D) Net promoter score

2. Why is quantitative analysis important to the decision-making process?

A) It increases the experience of top management.
B) It examines and describes large sets of data.
C) It creates a risk-management dashboard.
D) It provides definable metric-analysis surveys.

3. A financial analyst theorizes that commute times increase as the percentage of land availability for homes in a city decreases. To test this hypothesis, the analyst uses a regression analysis to explore how land availability predicts commute time.
What does land availability represent in this regression?

A) It is the dependent variable.
B) It is the target variable.
C) It is a control.
D) It is the independent variable.

4. Which process is designed to proactively prevent a problem?

A) Quality control
B) Plan-do-check-act activity
C) Common cause variation activity
D) Quality assurance

5. Research data indicate 95% confidence in a study in which subjects who were shown a product advertisement exhibited brand awareness compared to a control group who did not see the advertisement.
What can be concluded from this study?

A) The advertisement was effective in building brand awareness.
B) Ninety-five percent of the subjects liked the brand.
C) Five percent of the subjects did not like the advertisement.
D) The advertisement was effective in increasing sales.

Solutions: