100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
(WGU D361) BUS 2111 - Business Simulation - Objective Assessment Guide $13.49   Add to cart

Exam (elaborations)

(WGU D361) BUS 2111 - Business Simulation - Objective Assessment Guide

 1 view  0 purchase

(WGU D361) BUS 2111 - Business Simulation - Objective Assessment Guide (WGU D361) BUS 2111 - Business Simulation - Objective Assessment Guide (WGU D361) BUS 2111 - Business Simulation - Objective Assessment Guide

Preview 3 out of 26  pages

  • September 2, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Unknown
All documents for this subject (85)
avatar-seller
ClemAcademia
D361 BUS 2111



Business Simulation




OBJECTIVE ASSESSMENT GUIDE




© WGU 2024/2025

,1. Question: Which of the following is a primary purpose of using
business simulations in education?
a) To replace traditional exams entirely
b) To provide experiential learning opportunities
c) To reduce the complexity of real-world business problems
d) To focus solely on financial performance


Answer: b) To provide experiential learning opportunities
Rationale: Business simulations give students hands-on
experience with decision-making in a controlled environment,
enhancing their learning.


2. Question: In the context of business simulation, what does the
term "iterative learning" refer to?
a) Completing the simulation in a single session
b) Repeating simulation cycles to learn from past decisions
c) Simplifying business models to ease understanding
d) Using simulations as a theoretical exercise




© WGU 2024/2025

, Answer: b) Repeating simulation cycles to learn from past
decisions
Rationale: Iterative learning involves revisiting and refining
decisions, allowing students to learn from their mistakes and
improve.


3. Question: Which of the following metrics would best measure
the operational efficiency in a business simulation?
a) Return on Investment (ROI)
b) Customer Satisfaction Score
c) Production Cycle Time
d) Market Share


Answer: c) Production Cycle Time
Rationale: Production Cycle Time is a direct indicator of
operational efficiency, measuring the time taken to complete a
production cycle.


4. Question: How does the "balancing feedback loop" function in
a business simulation model?
a) It amplifies the outcomes of the business decisions.
b) It counteracts changes in the system to maintain stability.


© WGU 2024/2025

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ClemAcademia. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78998 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart