C207 oa test 2025 - Study guides, Class notes & Summaries

C207 OA Test | Questions and Correct Answers | Latest Update 2024/2025 Simple indexing - Answer -Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. W...

WGU C207 OA Questions and Answers Latest Updated 2024/2025 | Scored A+. Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By ...

WGU C207 OA Questions and Answers Latest Updated 2024/2025 | Rated A+. Which term can be used to describe managerial decisions Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze example...