TEST BANK FOR
Introduction to Data Analysis for Accounting 2nd Edition By Vernon Richardson
Answer are at the End of Each Chapter
Chapter 1
Student name: --------------
1) "Create"pispthephighestpskillpinpBloom'spTaxonomy.
⊚p true
⊚p false
2) "Understand"pisptheplowestpskillpinpBloom'spTaxonomy.
⊚p true
⊚p false
3) "Remember"pispaphigherpskillpthanp"Understand"pinpBloom'spTaxonomy.
⊚p true
⊚p false
4) "AskpthepRightpQuestion"pisponepofpthepdesiredpskillspforpaccountingpprofessionals,pconsistentp
withpEY'sp"ThepAnalyticspMindset".
⊚p true
⊚p false
5) "Communicatepresultspwithpmanagement"pisponepofpthepdesiredpskillspforpaccountingp
professionals,pconsistentpwithpEY'sp"ThepAnalyticspMindset".
⊚p true
⊚p false
6) "Extract,pTransformpandpLoadpRelevantpData"pisponepofpthepdesiredpskillspforpaccountingpp
rofessionals,pconsistentpwithpEY'sp"ThepAnalyticspMindset".
⊚p true
⊚p false
1
,7) Ofpthepoptionsplistedpbelow,pwhichpisptheplowestplevelpofpthinkingpskillspinpBloom'sp
Taxonomy?
A) Create
B) Understand
C) Apply
D) Analyze
8) Ofpthepoptionsplistedpbelow,pwhichpispthephighestplevelpofpthinkingpskillspinpBloom'sp
Taxonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand
9) WhichpispthepappropriateporderingpofpthinkingpskillspinpBloom'spTaxonomy,pwherepthep">"ps
ymbolpmeansphigherporderpskills?
A) Evaluatep>pApply
B) Rememberp>pUnderstand
C) Applyp>pAnalyze
D) Analyzep>pEvaluate
10) WhichpcomponentpofpthepAMPSpmodelpwouldpusuallypinvolvepcreatingpappivottable?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
11) WhichpcomponentpofpthepAMPSpmodelpmostpappropriatelypaddressespthepskillpmentionedpbyp
EY'spanalyticspmindsetpofp"extract,ptransformpandploadprelevantpdata"?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
2
,12) Usepofpapdashboardptoptrackprelevantpoutcomespwouldpbepconsistentpwithpwhichpcomponentpofpt
hepAMPSpmodel?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
13) ApvisualizationpmaypbepusedptophelppwithpwhichpcomponentpofpthepAMPSpmodel?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
14) Benford'splawpmightpbepusedpasppartpofpwhichpcomponentpofpthepAMPSpmodel?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
15) Whatptypepofpquestion(s)pworksptopexplainp"Whypdidpoverallptaxpincreasepevenpthoughpnetpi
ncomepdidpnot?"
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
16) Whatptypepofpquestionpispusedpinpfindingptheplevelpofpsalespneededptopbreakpeven?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
3
, 17) Whatptypepofpquestionpispusedpinplearningphowpmuchpthepcompanyppaidpinpinterestpexpensespl
astpyear?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pWhatpshouldpwepdopbasedpo
npwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpperformancepbasedponppotent
ialpconstraints?
18) Whatptypepofpquestionpisppredictingpwhetherpborrowerspwillpbepableptoprepayptheirploans?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
19) Whatptypepofpquestionpispusedpinpdeterminingphowptopmaximizeprevenuespifptherepispaptradep
warpwithpChina?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
20) Thepaccuracy,pvaliditypandpconsistencypofpdatapusedpandpstoredpoverptimepispcalled
A) datapveracity.
B) datapintegrity.
C) datapquality.
D) truthfulpdata.
4
Introduction to Data Analysis for Accounting 2nd Edition By Vernon Richardson
Answer are at the End of Each Chapter
Chapter 1
Student name: --------------
1) "Create"pispthephighestpskillpinpBloom'spTaxonomy.
⊚p true
⊚p false
2) "Understand"pisptheplowestpskillpinpBloom'spTaxonomy.
⊚p true
⊚p false
3) "Remember"pispaphigherpskillpthanp"Understand"pinpBloom'spTaxonomy.
⊚p true
⊚p false
4) "AskpthepRightpQuestion"pisponepofpthepdesiredpskillspforpaccountingpprofessionals,pconsistentp
withpEY'sp"ThepAnalyticspMindset".
⊚p true
⊚p false
5) "Communicatepresultspwithpmanagement"pisponepofpthepdesiredpskillspforpaccountingp
professionals,pconsistentpwithpEY'sp"ThepAnalyticspMindset".
⊚p true
⊚p false
6) "Extract,pTransformpandpLoadpRelevantpData"pisponepofpthepdesiredpskillspforpaccountingpp
rofessionals,pconsistentpwithpEY'sp"ThepAnalyticspMindset".
⊚p true
⊚p false
1
,7) Ofpthepoptionsplistedpbelow,pwhichpisptheplowestplevelpofpthinkingpskillspinpBloom'sp
Taxonomy?
A) Create
B) Understand
C) Apply
D) Analyze
8) Ofpthepoptionsplistedpbelow,pwhichpispthephighestplevelpofpthinkingpskillspinpBloom'sp
Taxonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand
9) WhichpispthepappropriateporderingpofpthinkingpskillspinpBloom'spTaxonomy,pwherepthep">"ps
ymbolpmeansphigherporderpskills?
A) Evaluatep>pApply
B) Rememberp>pUnderstand
C) Applyp>pAnalyze
D) Analyzep>pEvaluate
10) WhichpcomponentpofpthepAMPSpmodelpwouldpusuallypinvolvepcreatingpappivottable?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
11) WhichpcomponentpofpthepAMPSpmodelpmostpappropriatelypaddressespthepskillpmentionedpbyp
EY'spanalyticspmindsetpofp"extract,ptransformpandploadprelevantpdata"?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
2
,12) Usepofpapdashboardptoptrackprelevantpoutcomespwouldpbepconsistentpwithpwhichpcomponentpofpt
hepAMPSpmodel?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
13) ApvisualizationpmaypbepusedptophelppwithpwhichpcomponentpofpthepAMPSpmodel?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
14) Benford'splawpmightpbepusedpasppartpofpwhichpcomponentpofpthepAMPSpmodel?
A) AskpthepQuestion
B) MasterpthepData
C) PerformpthepAnalysis
D) SharepthepStory
15) Whatptypepofpquestion(s)pworksptopexplainp"Whypdidpoverallptaxpincreasepevenpthoughpnetpi
ncomepdidpnot?"
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
16) Whatptypepofpquestionpispusedpinpfindingptheplevelpofpsalespneededptopbreakpeven?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
3
, 17) Whatptypepofpquestionpispusedpinplearningphowpmuchpthepcompanyppaidpinpinterestpexpensespl
astpyear?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pWhatpshouldpwepdopbasedpo
npwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpperformancepbasedponppotent
ialpconstraints?
18) Whatptypepofpquestionpisppredictingpwhetherpborrowerspwillpbepableptoprepayptheirploans?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
19) Whatptypepofpquestionpispusedpinpdeterminingphowptopmaximizeprevenuespifptherepispaptradep
warpwithpChina?
A) Whatphappened?pWhatpisphappening?
B) Whypdidpitphappen?pWhatpareptheprootpcausespofppastpresults?
C) Willpitphappenpinpthepfuture?pWhatpispthepprobabilitypsomethingpwillphappen?pIspitpf
orecastable?
D) Whatpshouldpwepdopbasedponpwhatpwepexpectpwillphappen?pHowpdopwepoptimizepourpp
erformancepbasedponppotentialpconstraints?
20) Thepaccuracy,pvaliditypandpconsistencypofpdatapusedpandpstoredpoverptimepispcalled
A) datapveracity.
B) datapintegrity.
C) datapquality.
D) truthfulpdata.
4
