Data Analytics for Accounting Final
All other things being equal, we would choose the investment with what kind of payback period? -
✔✔ correct answer Fastest payback period
_______ is the present value of cash inflows less the present value of cash outflows - ✔✔ correct
answer net present value
_________ is calculated to be the point where the present value of cash inflows is equal to the
present value of cash outflows - ✔✔ correct answer internal rate of return
_______ analytics is defined as analysis performed to provide foresight by identifying patterns in
historical data by judging likelihood or probability - ✔✔ correct answer predictive
Which technique may work to maximize profits by varying product prices subject to certain
constraints - ✔✔ correct answer optimization
An objective of financial accounting is to help present and potential investors and creditors and other
users in assessing the _______, _______, and uncertainty of prospective cash receipts. - ✔✔ correct
answer amounts; timing
The decision of what big project to invest in is traditionally called _______. - ✔✔ correct answer
capital budgeting
We call the analysis of deciding whether to outsource certain aspects of producing a product or
service _______. - ✔✔ correct answer Make or buy analysis
Scatter plots are more meaningful if they include a _______. - ✔✔ correct answer trend line
Pie charts lend themselves well to _______ data showing proportions. - ✔✔ correct answer
categorical
______ are observations on values taken on by a variable at different points in time - ✔✔ correct
answer time series data
Accounting figures and money are most likely to be shown as _______. - ✔✔ correct answer ratio
data
All other things being equal, we would choose the investment with what kind of payback period? -
✔✔ correct answer Fastest payback period
_______ is the present value of cash inflows less the present value of cash outflows - ✔✔ correct
answer net present value
_________ is calculated to be the point where the present value of cash inflows is equal to the
present value of cash outflows - ✔✔ correct answer internal rate of return
_______ analytics is defined as analysis performed to provide foresight by identifying patterns in
historical data by judging likelihood or probability - ✔✔ correct answer predictive
Which technique may work to maximize profits by varying product prices subject to certain
constraints - ✔✔ correct answer optimization
An objective of financial accounting is to help present and potential investors and creditors and other
users in assessing the _______, _______, and uncertainty of prospective cash receipts. - ✔✔ correct
answer amounts; timing
The decision of what big project to invest in is traditionally called _______. - ✔✔ correct answer
capital budgeting
We call the analysis of deciding whether to outsource certain aspects of producing a product or
service _______. - ✔✔ correct answer Make or buy analysis
Scatter plots are more meaningful if they include a _______. - ✔✔ correct answer trend line
Pie charts lend themselves well to _______ data showing proportions. - ✔✔ correct answer
categorical
______ are observations on values taken on by a variable at different points in time - ✔✔ correct
answer time series data
Accounting figures and money are most likely to be shown as _______. - ✔✔ correct answer ratio
data
