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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. How is a cost-benefit analysis different in the public and private sectors?

A) The public sector is governed by tax policy whereas the private sector is incentivized by product pricing.
B) The public sector focuses almost exclusively on cost, while the private sector focuses primarily on benefits.
C) The public sector focuses almost exclusively on benefits, while the private sector focuses primarily on cost.
D) The public sector usually focuses on the general welfare of the population, whereas the private sector usually focuses on profits.

2. Two vendors sell a dozen raw materials that a company needs to build its products. Which type of analysis should be used to determine if one of the vendors has a better average price at a given point in time?

A) Graphical analysis
B) Background analysis
C) Heuristic analysis
D) Data analysis

3. Why would a human resources department use both mean and median when doing a salary evaluation of a department?

A) A large difference between mean and median shows that some employees need raises.
B) A large difference between mean and median shows an abnormal standard deviation.
C) A large difference between mean and median shows a miscalculation in the analysis.
D) A large difference between mean and median shows there are outliers to assess.

4. A bakery owner would like to know how many cakes to sell for monthly profit to equal zero. Which analysis method should the owner perform?

A) Break-even
B) T-test
C) Crossover
D) ANOVA

5. Management uses a net promoter score.
What can management determine using this performance measurement?

A) The likelihood a customer will recommend the company
B) Quality assurance benchmarks
C) Quantifiable goals to gauge employee progress
D) Financial and nonfinancial information

Solutions: