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