WGU C207 Data Driven Decision Making Module 6| 60 questions| with complete solutions

Performance measures are used to _______ the efficiency of an individual or group by using _________ and analytics. a quantify, regression analysis b quantify, data collection c evaluate, regression analysis d evaluate, data collection CORRECT ANSWERS: d evaluate, data collection What does KPI stand for? a Key Performance Indicator b Key Progress Indicator c Keeper Prime Institution d Kemper's Performance Illustrator CORRECT ANSWERS: a Key Performance Indicator Which of the following could be an appropriate key performance indicator (KPI)? a company mission b consumer return rate c holiday party planning d corporate logo CORRECT ANSWERS: b consumer return rate Which of the following is an advantage of key performance indicators (KPIs)? a KPIs do not require frequent maintenance and monitoring. b KPIs are inexpensive and easy to create. c KPIs are simple to change once created. d KPIs can be used as a tool across an entire organization. CORRECT ANSWERS: d KPIs can be used as a tool across an entire organization. What is a balanced scorecard? a A management tool that measures key performance indicators across four key organization areas b A management tool that gives a summary of the company's financial performance c A summary of a company's calculations where the costs are equal to the revenues d A calculation that justifies the decision to pursue a certain business direction CORRECT ANSWERS: a A management tool that measures key performance indicators across four key organization areas Which one of the following is a disadvantage of balanced scorecards?