WGU C723 QUANTITATIVE ANALYSIS
FOR BUSINESS EXAM 2024 COMPLETE
400 QUESTIONS WITH 100% CORRECT
DETAILED AND VERIFIED ANSWERS
BRAND NEW EXAM ALREADY GRADED
A+
There is a 70% chance of an expansion in the economy
during an upswing.
a. Which scenario is this an example of?
b. Decision Point
c. Expected Payoff
d. State-of-Nature - ....ANSWER...d. state-of-nature
1
,The process of linear programming involves understanding
and incorporating limitations of the organization as it
relates to the target problem. What is the main benefit of
using linear programming?
a. The data are easily assembled.
b. Deals with complex problems, unified decisions, and
risk assessment.
c. Keeps the decision maker insulated from criticism.
- ....ANSWER...b. Deals with complex problems,
unified decisions, and risk assessment.
The company can install automated handling equipment
or not, thereby adding to cost, but also adding to
potential profitability.
Which scenario is this an example of?
Decision Point
Expected Payoff
State-of-Nature - ....ANSWER...Decision Point because
this scenario gives a specific decision.
2
,When describing a cause-and-effect relationship,
variables are used. One variable is typically impacted by
another. The variable that is not impacted by another
variable is called what?
Dependent variable
Mediating variable
Moderating variable
Independent variable - ....ANSWER...Independent
variable
Constructing a large plant with automated handling
equipment in a contracting economy will result in a loss
of $3,500,000 over 3 years.
Which scenario is this an example of?
Decision Point
Expected Payoff
State-of-Nature - ....ANSWER...This scenario describes
an expected payoff calculation.
When faced with a complex problem to optimize a
3
, 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
4
FOR BUSINESS EXAM 2024 COMPLETE
400 QUESTIONS WITH 100% CORRECT
DETAILED AND VERIFIED ANSWERS
BRAND NEW EXAM ALREADY GRADED
A+
There is a 70% chance of an expansion in the economy
during an upswing.
a. Which scenario is this an example of?
b. Decision Point
c. Expected Payoff
d. State-of-Nature - ....ANSWER...d. state-of-nature
1
,The process of linear programming involves understanding
and incorporating limitations of the organization as it
relates to the target problem. What is the main benefit of
using linear programming?
a. The data are easily assembled.
b. Deals with complex problems, unified decisions, and
risk assessment.
c. Keeps the decision maker insulated from criticism.
- ....ANSWER...b. Deals with complex problems,
unified decisions, and risk assessment.
The company can install automated handling equipment
or not, thereby adding to cost, but also adding to
potential profitability.
Which scenario is this an example of?
Decision Point
Expected Payoff
State-of-Nature - ....ANSWER...Decision Point because
this scenario gives a specific decision.
2
,When describing a cause-and-effect relationship,
variables are used. One variable is typically impacted by
another. The variable that is not impacted by another
variable is called what?
Dependent variable
Mediating variable
Moderating variable
Independent variable - ....ANSWER...Independent
variable
Constructing a large plant with automated handling
equipment in a contracting economy will result in a loss
of $3,500,000 over 3 years.
Which scenario is this an example of?
Decision Point
Expected Payoff
State-of-Nature - ....ANSWER...This scenario describes
an expected payoff calculation.
When faced with a complex problem to optimize a
3
, 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
4
