TEST BANK INTRODUCTION TO DATA ANALYTICS FOR ACCOUNTING, 2ND
EDITION RICHARDSON QUESTIONS AND COMPLETE SOLUTIONS A GRADE
QUARANTEED PASS 2024/2025
✅
Chap mn01 mn2e Answers mnIncluded
1) "Create" mnis mnthe mnhighest mnskill mnin mnBloom's
mnTaxonomy.
⊚ m n true
⊚ m n false
2) "Understand" mnis mnthe mnlowest mnskill mnin mnBloom's
mnTaxonomy.
⊚ m n true
⊚ m n false
3) "Remember" mnis mna mnhigher mnskill mnthan mn"Understand" mnin mnBloom's mnTaxonomy.
⊚ m n true
⊚ m n false
4) "Ask mnthe mnRight mnQuestion" mnis mnone mnof mnthe mndesired mnskills mnfor mnaccounting
mnprofessionals, mnconsistentmnwith mnEY's mn"The mnAnalytics mnMindset".
⊚ m n true
⊚ m n false
5) "Communicate mnresults mnwith mnmanagement" mnis mnone mnof mnthe mndesired
mnskills mnfor mnaccountingmnprofessionals, mnconsistent mnwith mnEY's mn"The
mnAnalytics mnMindset".
⊚ m n true
⊚ m n false
6) "Extract, mnTransform mnand mnLoad mnRelevant mnData" mnis mnone mnof mnthe mndesired
mnskills mnfor mnaccountingmnprofessionals, mnconsistent mnwith mnEY's mn"The mnAnalytics
mnMindset".
⊚ m n true
⊚ m n false
1
,7) Of mnthe mnoptions mnlisted mnbelow, mnwhich mnis mnthe mnlowest mnlevel mnof
mnthinking mnskills mnin mnBloom'smnTaxonomy?
A) Create
B) Understand
C) Apply
D) Analyze
8) Of mnthe mnoptions mnlisted mnbelow, mnwhich mnis mnthe mnhighest mnlevel mnof
mnthinking mnskills mnin mnBloom'smnTaxonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand
9) Which mnis mnthe mnappropriate mnordering mnof mnthinking mnskills mnin mnBloom's
mnTaxonomy, mnwhere mnthe mn">"mnsymbol mnmeans mnhigher mnorder mnskills?
A) Evaluate mn> mnApply
B) Remember mn> mnUnderstand
C) Apply mn> mnAnalyze
D) Analyze mn> mnEvaluate
10) Which mncomponent mnof mnthe mnAMPS mnmodel mnwould mnusually mninvolve mncreating mna
mnpivottable?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
11) Which mncomponent mnof mnthe mnAMPS mnmodel mnmost mnappropriately mnaddresses mnthe
mnskill mnmentioned mnbymnEY's mnanalytics mnmindset mnof mn"extract, mntransform mnand
mnload mnrelevant mndata"?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
2
,12) Use mnof mna mndashboard mnto mntrack mnrelevant mnoutcomes mnwould mnbe mnconsistent mnwith
mnwhich mncomponent mnofmnthe mnAMPS mnmodel?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
13) A mnvisualization mnmay mnbe mnused mnto mnhelp mnwith mnwhich mncomponent mnof mnthe mnAMPS
mnmodel?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
14) Benford's mnlaw mnmight mnbe mnused mnas mnpart mnof mnwhich mncomponent mnof mnthe mnAMPS
mnmodel?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
15) What mntype mnof mnquestion(s) mnworks mnto mnexplain mn"Why mndid mnoverall mntax
mnincrease mneven mnthough mnnetmnincome mndid mnnot?"
A) What mnhappened? mnWhat mnis mnhappening?
B) Why mndid mnit mnhappen? mnWhat mnare mnthe mnroot mncauses mnof mnpast mnresults?
C) Will mnit mnhappen mnin mnthe mnfuture? mnWhat mnis mnthe mnprobability
mnsomething mnwill mnhappen? mnIs mnitmnforecastable?
D) What mnshould mnwe mndo mnbased mnon mnwhat mnwe mnexpect mnwill mnhappen?
mnHow mndo mnwe mnoptimize mnourmnperformance mnbased mnon mnpotential
mnconstraints?
16) What mntype mnof mnquestion mnis mnused mnin mnfinding mnthe mnlevel mnof mnsales mnneeded mnto mnbreak
mneven?
A) What mnhappened? mnWhat mnis mnhappening?
B) Why mndid mnit mnhappen? mnWhat mnare mnthe mnroot mncauses mnof mnpast mnresults?
C) Will mnit mnhappen mnin mnthe mnfuture? mnWhat mnis mnthe mnprobability
mnsomething mnwill mnhappen? mnIs mnitmnforecastable?
D) What mnshould mnwe mndo mnbased mnon mnwhat mnwe mnexpect mnwill mnhappen?
mnHow mndo mnwe mnoptimize mnourmnperformance mnbased mnon mnpotential
3
, mnconstraints?
4
EDITION RICHARDSON QUESTIONS AND COMPLETE SOLUTIONS A GRADE
QUARANTEED PASS 2024/2025
✅
Chap mn01 mn2e Answers mnIncluded
1) "Create" mnis mnthe mnhighest mnskill mnin mnBloom's
mnTaxonomy.
⊚ m n true
⊚ m n false
2) "Understand" mnis mnthe mnlowest mnskill mnin mnBloom's
mnTaxonomy.
⊚ m n true
⊚ m n false
3) "Remember" mnis mna mnhigher mnskill mnthan mn"Understand" mnin mnBloom's mnTaxonomy.
⊚ m n true
⊚ m n false
4) "Ask mnthe mnRight mnQuestion" mnis mnone mnof mnthe mndesired mnskills mnfor mnaccounting
mnprofessionals, mnconsistentmnwith mnEY's mn"The mnAnalytics mnMindset".
⊚ m n true
⊚ m n false
5) "Communicate mnresults mnwith mnmanagement" mnis mnone mnof mnthe mndesired
mnskills mnfor mnaccountingmnprofessionals, mnconsistent mnwith mnEY's mn"The
mnAnalytics mnMindset".
⊚ m n true
⊚ m n false
6) "Extract, mnTransform mnand mnLoad mnRelevant mnData" mnis mnone mnof mnthe mndesired
mnskills mnfor mnaccountingmnprofessionals, mnconsistent mnwith mnEY's mn"The mnAnalytics
mnMindset".
⊚ m n true
⊚ m n false
1
,7) Of mnthe mnoptions mnlisted mnbelow, mnwhich mnis mnthe mnlowest mnlevel mnof
mnthinking mnskills mnin mnBloom'smnTaxonomy?
A) Create
B) Understand
C) Apply
D) Analyze
8) Of mnthe mnoptions mnlisted mnbelow, mnwhich mnis mnthe mnhighest mnlevel mnof
mnthinking mnskills mnin mnBloom'smnTaxonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand
9) Which mnis mnthe mnappropriate mnordering mnof mnthinking mnskills mnin mnBloom's
mnTaxonomy, mnwhere mnthe mn">"mnsymbol mnmeans mnhigher mnorder mnskills?
A) Evaluate mn> mnApply
B) Remember mn> mnUnderstand
C) Apply mn> mnAnalyze
D) Analyze mn> mnEvaluate
10) Which mncomponent mnof mnthe mnAMPS mnmodel mnwould mnusually mninvolve mncreating mna
mnpivottable?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
11) Which mncomponent mnof mnthe mnAMPS mnmodel mnmost mnappropriately mnaddresses mnthe
mnskill mnmentioned mnbymnEY's mnanalytics mnmindset mnof mn"extract, mntransform mnand
mnload mnrelevant mndata"?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
2
,12) Use mnof mna mndashboard mnto mntrack mnrelevant mnoutcomes mnwould mnbe mnconsistent mnwith
mnwhich mncomponent mnofmnthe mnAMPS mnmodel?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
13) A mnvisualization mnmay mnbe mnused mnto mnhelp mnwith mnwhich mncomponent mnof mnthe mnAMPS
mnmodel?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
14) Benford's mnlaw mnmight mnbe mnused mnas mnpart mnof mnwhich mncomponent mnof mnthe mnAMPS
mnmodel?
A) Ask mnthe mnQuestion
B) Master mnthe mnData
C) Perform mnthe mnAnalysis
D) Share mnthe mnStory
15) What mntype mnof mnquestion(s) mnworks mnto mnexplain mn"Why mndid mnoverall mntax
mnincrease mneven mnthough mnnetmnincome mndid mnnot?"
A) What mnhappened? mnWhat mnis mnhappening?
B) Why mndid mnit mnhappen? mnWhat mnare mnthe mnroot mncauses mnof mnpast mnresults?
C) Will mnit mnhappen mnin mnthe mnfuture? mnWhat mnis mnthe mnprobability
mnsomething mnwill mnhappen? mnIs mnitmnforecastable?
D) What mnshould mnwe mndo mnbased mnon mnwhat mnwe mnexpect mnwill mnhappen?
mnHow mndo mnwe mnoptimize mnourmnperformance mnbased mnon mnpotential
mnconstraints?
16) What mntype mnof mnquestion mnis mnused mnin mnfinding mnthe mnlevel mnof mnsales mnneeded mnto mnbreak
mneven?
A) What mnhappened? mnWhat mnis mnhappening?
B) Why mndid mnit mnhappen? mnWhat mnare mnthe mnroot mncauses mnof mnpast mnresults?
C) Will mnit mnhappen mnin mnthe mnfuture? mnWhat mnis mnthe mnprobability
mnsomething mnwill mnhappen? mnIs mnitmnforecastable?
D) What mnshould mnwe mndo mnbased mnon mnwhat mnwe mnexpect mnwill mnhappen?
mnHow mndo mnwe mnoptimize mnourmnperformance mnbased mnon mnpotential
3
, mnconstraints?
4
