1|Page
WGU C723 - QUANTITATIVE ANALYSIS FOR
BUSINESSES 2025/2026 | COMPREHENSIVE
Q&A FOR GUARANTEED SUCCESS
Quantitative Analysis-correct-answer-Analysis using objective data.
Qualitative Analysis-correct-answer-Analysis using subjective data.
Response Variable-correct-answer-Another name for the dependent variable.
Explanatory Variable-correct-answer-Another name for the independent variable.
Negative Correlation-correct-answer-Correlation that occurs when one variable
increases and the other variable decreases.
Positive Correlation-correct-answer-Correlation that occurs when one variable
increases and the other variable increases, too.
, 2|Page
Critical Path-correct-answer-The longest sequence of tasks in the network
diagram.
Pessimistic Time-correct-answer-The worst case scenario, or maximum length of
time, to complete an activity.
Activity-correct-answer-Unique unit of the project which can be described within
limits of time.
Linear Programming-correct-answer-A mathematical technique that can be used
to identify the value of a variable for a given set of constraints.
Economic Order Quantity-correct-answer-Amount of inventory a business should
order to minimize the total amount of inventory costs, including carrying,
ordering, and shortage costs.
Inventory-correct-answer-Any goods held in stock for immediate or future use.
WGU C723 - QUANTITATIVE ANALYSIS FOR
BUSINESSES 2025/2026 | COMPREHENSIVE
Q&A FOR GUARANTEED SUCCESS
Quantitative Analysis-correct-answer-Analysis using objective data.
Qualitative Analysis-correct-answer-Analysis using subjective data.
Response Variable-correct-answer-Another name for the dependent variable.
Explanatory Variable-correct-answer-Another name for the independent variable.
Negative Correlation-correct-answer-Correlation that occurs when one variable
increases and the other variable decreases.
Positive Correlation-correct-answer-Correlation that occurs when one variable
increases and the other variable increases, too.
, 2|Page
Critical Path-correct-answer-The longest sequence of tasks in the network
diagram.
Pessimistic Time-correct-answer-The worst case scenario, or maximum length of
time, to complete an activity.
Activity-correct-answer-Unique unit of the project which can be described within
limits of time.
Linear Programming-correct-answer-A mathematical technique that can be used
to identify the value of a variable for a given set of constraints.
Economic Order Quantity-correct-answer-Amount of inventory a business should
order to minimize the total amount of inventory costs, including carrying,
ordering, and shortage costs.
Inventory-correct-answer-Any goods held in stock for immediate or future use.
