1sn|snPsnasngsn
e
, TEST BANK sn
for Data Ana1ytics for
sn sn sn
Accounting 3rd Edition by Vernon Ric
sn sn sn sn sn
hardson, Ryan A. Teeter & Katie
sn sn sn sn sn
l. Terrell sn
A11 CHAPTERS 1-9| A+ PASS
sn sn sn sn
A11 ANSWERS AT THE BACK OF EACH CHAPTER
sn sn sn sn sn sn sn
2sn|snPsnasngsn
e
, Chaptersn01
TRUE/FA1SEsn-snWritesn'T'snifsnthesnstatementsnissntruesnandsn'F'snifsnthesnstatementsnissnfa1se.
1) Datasnana1yticssnissnthesnprocesssnofsneva1uatingsndatasnwithsnthesnpurposesnofsndrawingsnconc1usionssntosn
addresssnbusinesssnquestions.
⊚ true
⊚ fa1se
2) Thesnprocesssnofsndatasnana1yticssnaimssntosntransformsnrawsninformationsnintosndatasntosncreatesnva1ue.
⊚ true
⊚ fa1se
3) Datasnana1yticssnhassnthesnpotentia1sntosntransformsnthesnmannersninsnwhichsncompaniessnrunsntheirsnbusin
esses,snhoweversnitsnissnnotsnpractica1sninsnthesnnearsnfuture.
⊚ true
⊚ fa1se
4) Auditorssncansnusesnsocia1snmediasntosnhearsnwhatsncustomerssnaresnsayingsnaboutsnasncompanysnandsncomparesn
thissntosninventorysnobso1escencesnandsnothersnestimates.
⊚ true
⊚ fa1se
5) Datasnana1yticssna11owssnauditorssntosng1eansninsightssnthatsnaresnbeneficia1sntosnthesnc1ient,snwithoutsnb
reechingsnindependence.
⊚ true
⊚ fa1se
3sn|snPsnasngsn
e
, 6) Thesnpredictivesnana1yticssnissnansnimportantsnaspectsnofsndatasnana1yticssnforsnauditors,snbutsnissnnotsnapp1ica
b1esnforsntaxsnaccountants.
⊚ true
⊚ fa1se
7) ThesnIsninsnIMPACTsnCyc1esnrepresentssnIdentifysnthesnQuestion.
⊚ true
⊚ fa1se
8) ThesnMsninsnIMPACTsnCyc1esnrepresentssnMastersnthesnData.
⊚ true
⊚ fa1se
9) ThesnPsninsnIMPACTsnCyc1esnrepresentssnPredictsnthesnResu1ts.
⊚ true
⊚ fa1se
10) ThesnAsninsnIMPACTsnCyc1esnrepresentssnAna1yzesnthesnData.
⊚ true
⊚ fa1se
11) ThesnCsninsnIMPACTsnCyc1esnrepresentssnContinuous1ysnTrack.
⊚ true
⊚ fa1se
12) ThesnTsninsnIMPACTsnCyc1esnrepresentssnTracksnOutcomes.
⊚ true
4sn|snPsnasngsn
e
e
, TEST BANK sn
for Data Ana1ytics for
sn sn sn
Accounting 3rd Edition by Vernon Ric
sn sn sn sn sn
hardson, Ryan A. Teeter & Katie
sn sn sn sn sn
l. Terrell sn
A11 CHAPTERS 1-9| A+ PASS
sn sn sn sn
A11 ANSWERS AT THE BACK OF EACH CHAPTER
sn sn sn sn sn sn sn
2sn|snPsnasngsn
e
, Chaptersn01
TRUE/FA1SEsn-snWritesn'T'snifsnthesnstatementsnissntruesnandsn'F'snifsnthesnstatementsnissnfa1se.
1) Datasnana1yticssnissnthesnprocesssnofsneva1uatingsndatasnwithsnthesnpurposesnofsndrawingsnconc1usionssntosn
addresssnbusinesssnquestions.
⊚ true
⊚ fa1se
2) Thesnprocesssnofsndatasnana1yticssnaimssntosntransformsnrawsninformationsnintosndatasntosncreatesnva1ue.
⊚ true
⊚ fa1se
3) Datasnana1yticssnhassnthesnpotentia1sntosntransformsnthesnmannersninsnwhichsncompaniessnrunsntheirsnbusin
esses,snhoweversnitsnissnnotsnpractica1sninsnthesnnearsnfuture.
⊚ true
⊚ fa1se
4) Auditorssncansnusesnsocia1snmediasntosnhearsnwhatsncustomerssnaresnsayingsnaboutsnasncompanysnandsncomparesn
thissntosninventorysnobso1escencesnandsnothersnestimates.
⊚ true
⊚ fa1se
5) Datasnana1yticssna11owssnauditorssntosng1eansninsightssnthatsnaresnbeneficia1sntosnthesnc1ient,snwithoutsnb
reechingsnindependence.
⊚ true
⊚ fa1se
3sn|snPsnasngsn
e
, 6) Thesnpredictivesnana1yticssnissnansnimportantsnaspectsnofsndatasnana1yticssnforsnauditors,snbutsnissnnotsnapp1ica
b1esnforsntaxsnaccountants.
⊚ true
⊚ fa1se
7) ThesnIsninsnIMPACTsnCyc1esnrepresentssnIdentifysnthesnQuestion.
⊚ true
⊚ fa1se
8) ThesnMsninsnIMPACTsnCyc1esnrepresentssnMastersnthesnData.
⊚ true
⊚ fa1se
9) ThesnPsninsnIMPACTsnCyc1esnrepresentssnPredictsnthesnResu1ts.
⊚ true
⊚ fa1se
10) ThesnAsninsnIMPACTsnCyc1esnrepresentssnAna1yzesnthesnData.
⊚ true
⊚ fa1se
11) ThesnCsninsnIMPACTsnCyc1esnrepresentssnContinuous1ysnTrack.
⊚ true
⊚ fa1se
12) ThesnTsninsnIMPACTsnCyc1esnrepresentssnTracksnOutcomes.
⊚ true
4sn|snPsnasngsn
e
