Complete Test Bank for Introduction to Data Analytics For Accounting 2nd Edition by Richardson, Terrell and Teeter, All Chapters 1 to 13 Covered, ISBN: 9781264445141 (100% Verified Edition)
Test Bank for Introduction To Data Analytics For Accounting 2nd Edition by Richardson, Terrell and Teeter, ISBN: 9781264445141, All 13 Chapters Covered, Verified Latest Edition
Test Bank for Introduction to Data Analytics for Accounting, 2nd Edition by Vernon Richardson | COMPLETE SOLUTION.
All for this textbook (6)
Written for
Introduction to Data Analytics for Accounting 2nd
All documents for this subject (1)
Seller
Follow
TestsBanks
Reviews received
Content preview
Created By : TestsBanks
Test Bank Introduction to Data Analytics for Accounting, 2nd
Edition Richardson - All Chapters (1-13) With Appendix ( A,B,C)
Chapter 1 : Ask the Question : Using Data Analytics to Address Accounting
Questions
"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
Instant Download
PAGE 1
,Created By : TestsBanks
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
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
Instant Download
PAGE 2
,Created By : TestsBanks
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?
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?
Instant Download
PAGE 3
, Created By : TestsBanks
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.
21) Dashboards showing current company performance are usually associated with
A) dynamic updating.
B) static updating.
C) opportunist updating.
D) monthly.
22) What may hinder the work of the accountant due to receiving too much information?
A) Information availability
B) Information accessibility
C) Information deficits
D) Information overload
Instant Download
PAGE 4
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 TestsBanks. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
