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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 while also thinking about the overall long-term financial performance of the company.
Which performance tool would best meet this firm ' s objectives?

A) KPI dashboard
B) Net promoter score
C) Results-based management
D) Balanced scorecard

2. What is the purpose of linking strategy to performance assessment in an organization?

A) To increase the organization's data collection
B) To decrease the organization's action plans
C) To provide a target of where an organization needs or desires to be
D) To translate the organization's mission for only team players

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

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

4. A firm seeks to sharply reduce sales lead times to enhance sales effectiveness and productivity. Which action should the firm take to accomplish this?

A) Implement additional quality assurance measures
B) Increase the research and development budget
C) Deploy a customer relationship management tool
D) Prepare a media campaign

5. A political ballot gives voters the option to vote for one of three candidates. Eight voters cast their ballots.
Which statistical rule should be used to determine the possible voting outcomes?

A) Conditional probability
B) Bayes ' theorem
C) Multiplication principle
D) Combination

Solutions: