Mastering WGU D072 – Fundamentals for Success in Business

Mastering WGU D072 – Fundamentals for Success in Business

Introduction

Kickstart your business journey with WGU D072 Fundamentals for Success in Business. This guide provides WGU D072 tips, how to pass WGU D072, and WGU D072 Reddit insights to help you excel. Perfect for beginners, this course sets the stage for business success.

Course Description

WGU D072 covers foundational business concepts, including leadership styles, organizational structures, and market strategies. It’s crucial for building a strong base for business careers, applicable in management and entrepreneurship. Learn more at the WGU Business Management program guide. 13

Useful Resources & Tips

Key resources for WGU D072:

  • Reddit: Offers study guides and OA tips. See WGU D072 Reddit post. 13
  • Quizlet: Flashcards for leadership styles and business terms.
  • Studocu: Study guides and practice questions.
  • YouTube: Videos on participative, autocratic, and laissez-faire leadership.
  • WGU Cohorts: Join for peer support and course tips.

Tip: Memorize leadership styles and write them on a whiteboard during the OA. 13

Mode of Assessment

WGU D072 uses an Objective Assessment (OA), a proctored multiple-choice exam. You can use a whiteboard and calculator, though calculations are minimal. Questions focus on leadership, organization, and market strategies. 13

Common Challenges

Students face issues with:

  • Tricky Wording: OA questions use complex phrasing, differing slightly from the PA. 13
  • Leadership Styles: Memorizing participative, autocratic, and laissez-faire details is key. 13
  • Second-Guessing: Changing answers often leads to failure. 13

How to Pass Easily

Strategies to pass WGU D072:

  1. Memorize leadership styles using Quizlet flashcards. 13
  2. Write key concepts on a whiteboard before starting the OA.
  3. Review Reddit posts for question phrasing insights.
  4. Watch YouTube videos on business fundamentals.
  5. Take the PA multiple times to gauge readiness.
  6. Avoid second-guessing answers during the OA.

Conclusion

WGU D072 lays a solid foundation for business success. With targeted resources and strategies, you can pass the OA confidently. Start strong and keep pushing forward! See all WGU course guides here.

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Question 1

Dear Tutor, I submit each questions separetly. If you opened the attachment the first thing you will see instruction and resurce materials for you to use. Then you will find the first question at the bottom. I'm not sure why you asked me agin to re-submit the the question. Please read the attachment carefule. Now I decided to submit all the questions as one assignment. Please follow the instruction. Please see attachment!,I submitted the assignment at once for $20 and I changed the deadline too. Please read carefully the instruction and provide detail answers and include the all the references. Thanks,,Thanks a lot!!,Dear Tutor, I forgot to include the competencies for question b. it?s when you provide your answer please Do some online research; it's part of improving your attainment of information literacy, one of the following competencies (Decision making, Ethical leadership, Team building, communication, valuing diverse perspectives, problem solving, critical thinking, System thinking, Technology fluency) Please add this information when you answer question b. Sorry for the confusion that I created. Thanks a lot!!,Thanks!!,Dear Tutor, I'm still waiting your approval. Please let me know the status ASAP. I need to make a second plan B. you still didnt post any status update for this assignment. You need to let me know within the next to three hours. It's due tomorrow as you requested. I increased the price and I moved the deadline for tomorrow for you. You need to let me know. Thanks,,Dear Tutor, I'm trying to figure this out what is going on. Ive been waiting to get an update from you but you never respond. I submitted teh assignment yesturday and I requested a due date for tomorrow. Time is running out. Please let me know the status Immediatley. Please don't wait last minute to tell me your final decsion. Please respond this immediatley. Now, I'm worried about this matter. I have to submit the assignment by tomorrow night. I need to use this document to complete my other assignment and now its holding me. Thanks,

Question 2

DEBATE ISSUE TAKE A STAND Is Google Violating Users? Privacy? With two billion Google searches a day, Google is the preferred search engine for many consumers. Much of its popularity is due to the superior services it offers. Although Google does not charge for its services, critics point out that Google?s services may actually be costing users their right to privacy. Google keeps all of its users? search queries forever, although after 18 months these queries become ? anonymized.? In other words, they cannot be traced back to the user. Google maintains that it uses these searches responsibly to refine its search engine. It also has privacy disclosures fully visible on its main page. On the other hand, the Third Party Doctrine and the Patriot Act allow the government access to users? Internet information without a judge?s oversight for national security purposes. Google has been subpoenaed in the past by investigators for user information. Even anonymized data have been used to track a specific person or computer. Google should not store users? data as this data can be misused or accessed by the government. Conduct research and defend your side of the debate ? be sure to cite your source(s).

Question 3

Please answer question N 3 after the text "Case 5.1 MERCK ACQUISITION OF MEDCO On July 28, 1993, Merck & Company, then the world?s largest drug manufacturer, announced that it planned to acquire, for $6.6 billion, Medco Containment Services Incorporated, the largest prescription benefits management company (PBM) and marketer of mail-order medicines in the United States. This merger reflected fundamental changes taking place in the pharmaceutical industry. GROWTH IN MANAGED CARE Perhaps the most significant change involves the growth of managed care in the health care industry. Managed care plans typically provide members with medical insurance and basic health care services, using volume and long-term contracts to negotiate discounts from health care providers. In addition, managed care programs provide full coverage for prescription drugs more frequently than do traditional medical insurance plans. Industry experts estimate that by the turn of the century, 90% of Americans will have drug costs included in some kind of managed health care plan, and 60% of all outpatient pharmaceuticals will be purchased by managed care programs. The responsibility for managing the provision of prescription drugs is often contracted out by the managed care organizations to PBMs. The activities of PBMs typically include managing insurance claims, negotiating volume discounts with drug manufacturers, and encouraging the use of less expensive generic substitutes. The management of prescription benefits is enhanced through the use of formularies and drug utilization reviews. Formularies are lists of drugs compiled by committees of pharmacists and physicians on behalf of a managed care organization. Member physicians of the managed care organization are then strongly encouraged to prescribe from this list whenever possible. Drug utilization reviews consist of analyzing physician prescribing patterns and patient usage. They can identify when a patient may be getting the wrong amount or kind of medicine and when a member physician is not prescribing from a formulary. Essentially, this amounts to an additional opportunity for managed care or PBM administrators to monitor costs and consolidate decision-making authority. The key aspect of the shift to managed care is that the responsibility for payment is linked more tightly to decision making about the provision of health care services than it is in traditional indemnity insurance plans. The implications for drug manufacturers are far reaching. With prescription decision-making authority shifting away from doctors to managed care and PBM administrators, drug manufacturers? marketing strategies similarly will shift their focus from several hundred thousand doctors to a few thousand formulary and plan managers. This, in turn, will result in a dramatic reduction in the sales forces of pharmaceutical manufacturers. Several other significant changes in industry structure are expected to occur. Many industry experts predict that managed care providers will rely on a single drug company to deliver all of its pharmaceutical products and services rather than negotiating with several drug companies. This will favor those firms with manufacturing, distribution, and prescription management capabilities. In addition, many experts believe that only a handful of pharmaceutical companies will exist on the international scene in a few years. They point to intense competition, lower profits, and a decrease in the number of new drugs in the ?research pipeline? as contributing factors. BENEFITS OF THE ACQUISITION Merck & Company and Medco Containment Services Incorporated believe that a merger between the two firms will create a competitive advantage that will allow for their survival. Merck executives identify Medco?s extensive database as the key factor motivating the merger. Medco maintains a computer profile of each of its 33 million customers, amounting to 26% of all people covered by a pharmaceutical benefit plan. Medco clients include 100 Fortune 500 companies, federal and state benefit plans, and 58 Blue Cross/Blue Shield groups and insurance companies. Numerous opportunities exist for Merck to utilize the information contained in Medco?s database. First, the database will allow Merck to identify prescriptions that could be switched from a competitor?s drug to a Merck drug. Merck pharmacists will then suggest the switch to a patient?s doctor. This prospect of increasing sales is enormous. Second, the database will allow Merck to identify patients who fail to refill prescriptions. The failure to refill needed prescriptions amounts to hundreds of millions of dollars in lost sales each year. Finally, Merck will be able to use Medco?s computerized patient record system as a real-life laboratory with the goal of proving that some Merck drugs are worth the premium price charged. This will take place by identifying who takes what pill and combining that information with the patient?s medical records. This might allow Merck to establish the supremacy of its products. Additional benefits of the merger include $1 billion annual savings in redundant marketing operations and a reduction in Merck?s sales force as a result of more precise marketing strategies brought about by Medco?s database and the industry emphasis on marketing to plan managers instead of doctors. Merck & Company?s acquisition of Medco Containment Services Incorporated is essentially an attempt to increase market share in an industry with decreasing prices by capitalizing on the most valuable asset in the pharmaceutical industry?information. It also is intended to increase its competitive position in the growing managed care arena by aligning itself with a PBM. Merck & Company?s strategy was quickly emulated when British drug maker SmithKline Beecham announced plans to acquire Diversified Pharmaceutical Services Incorporated, one of the four largest drug wholesalers in the United States, from United Healthcare for $2.3 billion, and Roche Holdings Limited reported that it planned to acquire Syntex Corporation. Also, in the summer of 1994, Eli Lilly and Company announced its intention to acquire PCS Health Systems from McKesson Corporation for $4 billion. These mergers were not only a reaction to the changing industry structure but caused the change to accelerate. QUESTIONS C5.1.1 What was the major force driving the acquisition? C5.1.2 What is the role of prescription benefits management companies? C5.1.3 What role was envisaged for the use of Medco?s database? ",Hello Rachel, everything is ok, but can you expand on the subject up to 300-400 words?

Question 4

I need some assistance completing the following take home assessments for a course I amn auditing, the material is specific to Governmental&* Nonprofit Accounting and is largely focused on funds and the handling of funds at the government level. Can you assist me with the attached document?,have you received all three questions yet? If so, please complete with the correct journal entries, as indicated in the instructions. Regards, Dave,What is the title of the document you asked for $4o to complete, as last time I did this you guys (you I think) sent it back with five incorrect responses, as such I expect that this one will be 100% accurate?,I just want to know what fthe file name was that i sent you, this is not something that requires evaluation, just simply look at the thing and respond!,What is the title of the document you asked for $4o to complete, as last time I did this you guys (you I think) sent it back with five incorrect responses, as such I expect that this one will be 100% accurate,What is the title of the document you asked for $4o to complete, as last time I did this you guys (you I think) sent it back with five incorrect responses, as such I expect that this one will be 100% accurate,What is the title of the document you asked for $4o to complete, as last time I did this you guys (you I think) sent it back with five incorrect responses, as such I expect that this one will be 100% accurate,What is the title of the document you asked for $4o to complete, as last time I did this you guys (you I think) sent it back with five incorrect responses, as such I expect that this one will be 100% accurate,What is the name of the assignment?,What is the name of the assignment?,What is the name of the assignment?,What is the name of the assignment?,What is the name of the assignment?,What is the name of the assignment?,The attachment~ What was it titled? If I cannot get you to answer this question then whay do I bother hiring you to do this work? If you cannot repsond with the answer to the name of the file attachment then I wish to have a refund and cancel this service order!,The attachment~ What was it titled? If I cannot get you to answer this question then whay do I bother hiring you to do this work? If you cannot repsond with the answer to the name of the file attachment then I wish to have a refund and cancel this service order!,The attachment~ What was it titled? If I cannot get you to answer this question then whay do I bother hiring you to do this work? If you cannot repsond with the answer to the name of the file attachment then I wish to have a refund and cancel this service order!,The attachment~ What was it titled? If I cannot get you to answer this question then whay do I bother hiring you to do this work? If you cannot repsond with the answer to the name of the file attachment then I wish to have a refund and cancel this service order!,Thank You!,Now explain why you billed my account for $15 and then an another $40? We agreed to increase the offer to $40 not to send another $40 so correct it or I will by terminating this transaction!,Then why is my account reflecting the $15 and the $40 dollar charges as Pending? Explain that ok?,OK THANKS FOR THE UPDATE!

Question 5

select a specific problem you see in the workplace (or, if you have limited work experience, that you would find it valuable to solve in your home life), and then identify what you wish to study. You must apply the theories and concepts from the course to interpret and formulate your hypotheses. Be sure to identify why the answer/solution matters. Once you have your hypotheses, go through the scientific method and statistical process to sample and answer the question. Be sure that you justify the statistical test that you use and either reject or fail to reject the null hypothesis based on the data. Your conclusion should be entirely data driven, with the implications clear. In this assignment, you will demonstrate your mastery of the following course outcomes: ? QSO.510.1 Provide students with a basic understanding of several quantitative techniques that are used extensively for decision making in business ? QSO.510.2 Enable students to recognize problem areas in their fields of professional responsibilities and to apply the appropriate quantitative methods for obtaining rational solutions ? QSO.510.3 Increase the student?s effectiveness in communicating with other specialists in the firm such as industrial engineers, production managers, operations researchers, statisticians, and other problem-solving and decision-making persons ? QSO.510.4 Enable students to use the power of the spreadsheets and statistical software in the application of the quantitative techniques Specifically, the following critical elements must be addressed: 1. Statistical Argument: Propose an argument that answers the prompt. Include a strong thesis statement connected to data-driven evidence. (QSO.510.3) a. Topic Selection (QSO.510.1): Select an appropriate topic and provide a detailed explanation of the significance. b. Citations (QSO.510.1): Paraphrase and/or integrate quotes effectively. 2. Data Collection: Once you finalize your research question, compile your research and collect raw data. (QSO.510.4) a. Organization (QSO.510.3): Include a clearly stated thesis and a well-organized body section of your paper. 3. Statistical Process (QSO 510.2): Using your knowledge of the scientific method and statistical process to analyze the data: a. Descriptive Statistics (QSO.510.2): Summarize the population data by describing what was observed in the sample set numerically or graphically. b. Inferential Statistics (QSO.510.4): Use patterns in the sample data to draw inferences about the population represented, accounting for randomness. These inferences may take the form of hypothesis testing (i.e., answering yes/no questions about the data), estimation (estimating numerical characteristics of the data), correlation (describing associations within the data), and modeling relationships within the data. (QSO.510.4) c. Null Hypothesis (QSO.510.2): Refer to a general or default position?that there is no relationship between two measured phenomena. Rejecting or disproving the null hypothesis is concluding that there are grounds for believing that there is a relationship between two phenomena or that a potential treatment has a measurable effect. 4. Primary-Source Analysis (QSO.510.2): Select sources in support of your thesis statement. Critically examine the sources in context of your paper topic. Remember that this is not based on opinion, but rather based on analysis of the statistical data. The source methodology supports your thesis statement.