TEST BANK INTRODUCTION TO DATA ANALYTICS FOR ACCOUNTING, 2ND
EDITION RICHARDSON QUESTIONS AND COMPLETE SOLUTIONS A GRADE
QUARANTEED PASS 2024/2025
✅
Chap .,01 .,2e Answers .,Included
1) "Create" .,is .,the .,highest .,skill .,in .,Bloom's .,Taxonomy.
⊚ . , true
⊚ . , false
2) "Understand" .,is .,the .,lowest .,skill .,in .,Bloom's
.,Taxonomy.
⊚ . , true
⊚ . , false
3) "Remember" .,is .,a .,higher .,skill .,than .,"Understand" .,in .,Bloom's .,Taxonomy.
⊚ . , true
⊚ . , false
4) "Ask .,the .,Right .,Question" .,is .,one .,of .,the .,desired .,skills .,for .,accounting .,professionals,
.,consistent.,with .,EY's .,"The .,Analytics .,Mindset".
⊚ . , true
⊚ . , false
5) "Communicate .,results .,with .,management" .,is .,one .,of .,the .,desired .,skills .,for
.,accounting.,professionals, .,consistent .,with .,EY's .,"The .,Analytics .,Mindset".
⊚ . , true
⊚ . , false
6) "Extract, .,Transform .,and .,Load .,Relevant .,Data" .,is .,one .,of .,the .,desired .,skills .,for
.,accounting.,professionals, .,consistent .,with .,EY's .,"The .,Analytics .,Mindset".
⊚ . , true
⊚ . , false
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,7) Of .,the .,options .,listed .,below, .,which .,is .,the .,lowest .,level .,of .,thinking .,skills .,in
.,Bloom's.,Taxonomy?
A) Create
B) Understand
C) Apply
D) Analyze
8) Of .,the .,options .,listed .,below, .,which .,is .,the .,highest .,level .,of .,thinking .,skills .,in
.,Bloom's.,Taxonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand
9) Which .,is .,the .,appropriate .,ordering .,of .,thinking .,skills .,in .,Bloom's .,Taxonomy, .,where
.,the .,">".,symbol .,means .,higher .,order .,skills?
A) Evaluate .,> .,Apply
B) Remember .,> .,Understand
C) Apply .,> .,Analyze
D) Analyze .,> .,Evaluate
10) Which .,component .,of .,the .,AMPS .,model .,would .,usually .,involve .,creating .,a .,pivottable?
A) Ask .,the .,Question
B) Master .,the .,Data
C) Perform .,the .,Analysis
D) Share .,the .,Story
11) Which .,component .,of .,the .,AMPS .,model .,most .,appropriately .,addresses .,the .,skill
.,mentioned .,by.,EY's .,analytics .,mindset .,of .,"extract, .,transform .,and .,load .,relevant .,data"?
A) Ask .,the .,Question
B) Master .,the .,Data
C) Perform .,the .,Analysis
D) Share .,the .,Story
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,12) Use .,of .,a .,dashboard .,to .,track .,relevant .,outcomes .,would .,be .,consistent .,with .,which
.,component .,of.,the .,AMPS .,model?
A) Ask .,the .,Question
B) Master .,the .,Data
C) Perform .,the .,Analysis
D) Share .,the .,Story
13) A .,visualization .,may .,be .,used .,to .,help .,with .,which .,component .,of .,the .,AMPS .,model?
A) Ask .,the .,Question
B) Master .,the .,Data
C) Perform .,the .,Analysis
D) Share .,the .,Story
14) Benford's .,law .,might .,be .,used .,as .,part .,of .,which .,component .,of .,the .,AMPS .,model?
A) Ask .,the .,Question
B) Master .,the .,Data
C) Perform .,the .,Analysis
D) Share .,the .,Story
15) What .,type .,of .,question(s) .,works .,to .,explain .,"Why .,did .,overall .,tax .,increase .,even
.,though .,net.,income .,did .,not?"
A) What .,happened? .,What .,is .,happening?
B) Why .,did .,it .,happen? .,What .,are .,the .,root .,causes .,of .,past .,results?
C) Will .,it .,happen .,in .,the .,future? .,What .,is .,the .,probability .,something .,will
.,happen? .,Is .,it.,forecastable?
D) What .,should .,we .,do .,based .,on .,what .,we .,expect .,will .,happen? .,How .,do .,we
.,optimize .,our.,performance .,based .,on .,potential .,constraints?
16) What .,type .,of .,question .,is .,used .,in .,finding .,the .,level .,of .,sales .,needed .,to .,break .,even?
A) What .,happened? .,What .,is .,happening?
B) Why .,did .,it .,happen? .,What .,are .,the .,root .,causes .,of .,past .,results?
C) Will .,it .,happen .,in .,the .,future? .,What .,is .,the .,probability .,something .,will
.,happen? .,Is .,it.,forecastable?
D) What .,should .,we .,do .,based .,on .,what .,we .,expect .,will .,happen? .,How .,do .,we
.,optimize .,our.,performance .,based .,on .,potential .,constraints?
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, 17) What .,type .,of .,question .,is .,used .,in .,learning .,how .,much .,the .,company .,paid .,in .,interest
.,expenses.,last .,year?
A) What .,happened? .,What .,is .,happening?
B) Why .,did .,it .,happen? .,What .,are .,the .,root .,causes .,of .,past .,results?
C) Will .,it .,happen .,in .,the .,future? .,What .,is .,the .,probability .,something .,will
.,happen? .,Is .,it.,forecastable?
D) What .,should .,we .,do .,based .,on .,what .,we .,expect .,will .,happen? .,What .,should .,we
.,do .,based.,on .,what .,we .,expect .,will .,happen? .,How .,do .,we .,optimize .,our
.,performance .,based .,on .,potential .,constraints?
18) What .,type .,of .,question .,is .,predicting .,whether .,borrowers .,will .,be .,able .,to .,repay .,their .,loans?
A) What .,happened? .,What .,is .,happening?
B) Why .,did .,it .,happen? .,What .,are .,the .,root .,causes .,of .,past .,results?
C) Will .,it .,happen .,in .,the .,future? .,What .,is .,the .,probability .,something .,will
.,happen? .,Is .,it.,forecastable?
D) What .,should .,we .,do .,based .,on .,what .,we .,expect .,will .,happen? .,How .,do .,we
.,optimize .,our.,performance .,based .,on .,potential .,constraints?
19) What .,type .,of .,question .,is .,used .,in .,determining .,how .,to .,maximize .,revenues .,if .,there
.,is .,a .,trade.,war .,with .,China?
A) What .,happened? .,What .,is .,happening?
B) Why .,did .,it .,happen? .,What .,are .,the .,root .,causes .,of .,past .,results?
C) Will .,it .,happen .,in .,the .,future? .,What .,is .,the .,probability .,something .,will
.,happen? .,Is .,it.,forecastable?
D) What .,should .,we .,do .,based .,on .,what .,we .,expect .,will .,happen? .,How .,do .,we
.,optimize .,our.,performance .,based .,on .,potential .,constraints?
20) The .,accuracy, .,validity .,and .,consistency .,of .,data .,used .,and .,stored .,over .,time .,is .,called
A) data .,veracity.
B) data .,integrity.
C) data .,quality.
D) truthful .,data.
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