WGU C723 QUANTITATIVE ANALYSIS
FOR BUSINESS EXAM 2024 ACTUAL
EXAM 2 VERSIONS COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
When faced with a complex problem to optimize a
business function (i.e., cost minimization or sales
maximization), the first step in linear programming
is:
a. Assemble the data.
b. Establish a financial goal.
c. Define the problem in terms of the objective. -
....ANSWER...Define the problem in terms of the
objective.
What is the best description of an open-ended
question?
,a. A question with three or four specific answers
b. A question that can be answered multiple ways
c. A question that can be answered only one way
d. A question that uses only subjective inputs -
....ANSWER...b. A question that can be answered
multiple ways
Linear programming (LP) can be defined as:
a. A mathematical technique that can be used
identify the value of a variable, such as maximizing
the profit of an operation, for a given set of
constraints.
b. A mathematical technique that can be used to
identify the maximum value of a variable such as
maximizing the shipping distances between
locations of a business.
,c. A mathematical technique that can be used to
identify the maximum value of a variable such as
maximizing the consumption of parts used to
manufacture a major appliance.
d. A mathematical technique that can be used to
identify the maximum value of a variable such as
maximizing the cost of an operation. - ....ANSWER...a.
A mathematical technique that can be used identify
the value of a variable, such as maximizing the profit
of an operation, for a given set of constraints.
What is the formula for calculating an alternative's
expected value?
a. (alternative value * probability of occurrence) +
(alternative value * probability of occurrence)
b. (alternative value * probability of occurrence) -
(alternative value * probability of occurrence) -
....ANSWER...a. (alternative value * probability of
occurrence) + (alternative value * probability of
occurrence)
, What is a key advantage in using closed-ended
questions?
a. The answers allow a two-way dialogue.
b. The answers are shorter to write.
c. The answers are always shorter.
d. They are easier to quantify and categorize. -
....ANSWER...d. They are easier to quantify and
categorize.
What is one of the key and unique elements of linear
programming where there are only two decision
variables (x,y)?
a. The answer is optimal some of the time.
b. The answer can be a negative value.
c. Only a computer program can solve a linear
programming problem.
d. All constraints associated with the problem are
converted to linear form (straight lines). -
FOR BUSINESS EXAM 2024 ACTUAL
EXAM 2 VERSIONS COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
When faced with a complex problem to optimize a
business function (i.e., cost minimization or sales
maximization), the first step in linear programming
is:
a. Assemble the data.
b. Establish a financial goal.
c. Define the problem in terms of the objective. -
....ANSWER...Define the problem in terms of the
objective.
What is the best description of an open-ended
question?
,a. A question with three or four specific answers
b. A question that can be answered multiple ways
c. A question that can be answered only one way
d. A question that uses only subjective inputs -
....ANSWER...b. A question that can be answered
multiple ways
Linear programming (LP) can be defined as:
a. A mathematical technique that can be used
identify the value of a variable, such as maximizing
the profit of an operation, for a given set of
constraints.
b. A mathematical technique that can be used to
identify the maximum value of a variable such as
maximizing the shipping distances between
locations of a business.
,c. A mathematical technique that can be used to
identify the maximum value of a variable such as
maximizing the consumption of parts used to
manufacture a major appliance.
d. A mathematical technique that can be used to
identify the maximum value of a variable such as
maximizing the cost of an operation. - ....ANSWER...a.
A mathematical technique that can be used identify
the value of a variable, such as maximizing the profit
of an operation, for a given set of constraints.
What is the formula for calculating an alternative's
expected value?
a. (alternative value * probability of occurrence) +
(alternative value * probability of occurrence)
b. (alternative value * probability of occurrence) -
(alternative value * probability of occurrence) -
....ANSWER...a. (alternative value * probability of
occurrence) + (alternative value * probability of
occurrence)
, What is a key advantage in using closed-ended
questions?
a. The answers allow a two-way dialogue.
b. The answers are shorter to write.
c. The answers are always shorter.
d. They are easier to quantify and categorize. -
....ANSWER...d. They are easier to quantify and
categorize.
What is one of the key and unique elements of linear
programming where there are only two decision
variables (x,y)?
a. The answer is optimal some of the time.
b. The answer can be a negative value.
c. Only a computer program can solve a linear
programming problem.
d. All constraints associated with the problem are
converted to linear form (straight lines). -
