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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. What are two benefits of good data quality management in improving business decision-making?
Choose 2 answers.

A) It ensures there are no missing data points.
B) It begins the statistical process faster.
C) It mitigates undetected errors from the data-entry process.
D) It guarantees that a sample will be statistically significant.

2. An organization develops a new strategic plan and seeks ways to improve process performance by reducing variation to only 3.4 defects per million process outputs.
Which tool can the organization use to meet this goal?

A) Six Sigma
B) Just-in-time
C) Linear programming
D) Statistical process control

3. What is the purpose of the quality management principle of dedication to fact-based decision-making?

A) Eliminate anything that does not add value.
B) Increase the effectiveness from quality practices.
C) Reduce bias driven by increased trust in plans.
D) Increase loyalty from customers and suppliers.

4. How does a balanced scorecard (BSC) differ from a key performance indicator (KPI)?

A) A KPI aligns with just one aspect of an organization's success, whereas a BSC allows managers to view performance in several areas.
B) A BSC aligns with just one aspect of an organization's success, whereas a KPI allows managers to simultaneously view performance in several areas.
C) A BSC and a KPI are identical except that a BSC is a measurement of metrics over time, and a KPI is a snapshot of success at one point in time.
D) A BSC and a KPI are identical except that a BSC is used in business settings, and a KPI is used exclusively by governmental agencies.

5. What is the basic difference between evaluating costs and benefits in the public and private sectors?

A) The benefit of private projects is general public welfare.
B) The benefits of public projects are easily quantifiable.
C) The costs associated with public projects are minimal.
D) Private projects generate considerable revenue.

Solutions: