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