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WGU Data-Driven-Decision-Making Exam Syllabus Topics:

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. What are two qualities of key performance indicators (KPIs)?
Choose 2 answers.

A) They can be used as a tool for internal benchmarking.
B) They often follow SMART criteria.
C) They are flexible and easily changed.
D) They require little to no ongoing maintenance.

2. What is a disadvantage of using a balanced scorecard?

A) It does not link operations with company strategy.
B) It requires time and effort to develop a meaningful template.
C) It does not include a mix of financial and nonfinancial performance measures.
D) It is expensive to implement effectively within an organization's operations.

3. What must be analyzed using powerful analytic tools?

A) Small, independent data sets
B) Data analysis results
C) Big data
D) Inferential statistics

4. Which statement is an accurate reflection of an analytical decision made by a for-profit organization?

A) Optimize profit using linear programming.
B) Optimize profit using social programming.
C) Optimize profit using software programming.
D) Optimize profit using hardware programming.

5. An analyst used multiple linear regression to show how a big box store's sales (y) are predicted by the big box store's advertising expenditure in dollars (variable x1) and the advertising expenditure in dollars of a specialty store (variable x2) in the same market. The estimated regression is y = 651.57 + 92.30x1 # 26.89x2. How are advertising expenditures and sales related in this scenario?

A) If the big box store increases its advertising expenditures, its sales will decrease.
B) If the specialty store increases its advertising expenditures, it will decrease the big box store's sales.
C) If the big box store decreases its advertising expenditures, it will decrease the big box store's sales.
D) If the big box store decreases its advertising expenditures, its sales will increase.

Solutions: