(WGU D361) BUS 2111 Business Simulation - FA Pre Test Guide .(WGU D361) BUS 2111 Business Simulation - FA Pre Test Guide .(WGU D361) BUS 2111 Business Simulation - FA Pre Test Guide .
,1. Which of the following is a primary benefit of using a discrete-
event simulation in supply chain management?
- a) Immediate real-time responses
- b) Cost reduction through inventory optimization
- c) Increased manual labor requirement
- d) Simplification of complex systems
Answer: b) Cost reduction through inventory optimization
Rationale: Discrete-event simulations help identify cost-saving
opportunities by optimizing inventory levels and other supply chain
parameters.
2. What does the acronym "DES" stand for in the context of
business simulation?
- a) Direct Event Simulation
- b) Dynamic Energy Solution
- c) Discrete Event Simulation
- d) Data Execution System
, Rationale: DES is a simulation paradigm where the operation
of a system is represented as a chronological sequence of events.
3. In a supply chain simulation, what is the main purpose of
implementing a Monte Carlo simulation?
- a) To perform tasks at a faster rate
- b) To integrate machine learning models
- c) To assess the impact of randomness and uncertainty
- d) To reduce the number of warehouses required
Answer: c) To assess the impact of randomness and
uncertainty
Rationale: Monte Carlo simulations are used for risk analysis
by modeling the probability of different outcomes in a process that
cannot easily be predicted due to random variables.
4. Which Key Performance Indicator (KPI) is most commonly
evaluated using business simulations in supply chain management?
- a) Employee satisfaction
- b) Cost of goods sold
- c) Inventory turnover
- d) Market share
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