MGMT 373 Exam Questions and Answers Already Passed Latest Update 2025-2026
information overload - Answers Access or exposure to too much information to be able to
process
Bloom's Taxonomy - Answers A hierarchy view of thinking and learning skills
Data Analytics - Answers the process of evaluating data with the purpose of drawing
conclusions to address all types of questions
AMPS model - Answers A framework for performing data analytics, which includes Ask the
Question, Master the Data, Perform the Analysis, and Share the Story
Data integrity - Answers the accuracy, validity, and consistency of data used and stored over
time
Pivot Tables - Answers A tool that allows reorganization and summarization of certain data
using crosstabulations without changing the underlying spreadsheet (or data).
Accounting Data Analytics - Answers The technologies, systems, practices, methodologies,
databases,
statistics, and applications used to analyze diverse accounting and
nonaccounting data to give organizations the information they need
to make sound and timely business decisions.
Audit - Answers An assessment of the accounting principles used and significant estimates
made; it evaluates the overall financial statements made
Big Data - Answers data that are to large and complex for business existing systems to capture,
store, manage, and analyze
Structured data - Answers High organized data that fits nicely in tables or a database. An excel
worksheet, balance sheet or income statement are good examples
Unstructured data - Answers Data without internal organization (or structure). Blogs and social
media and pictures posted in Instagram would both be examples of unstructured data.
Semi-structured data - Answers Data without internal organization or structure but that has tags
explaining what the data represents.
Velocity - Answers The speed at which data is gathered
Veracity - Answers The underlying quality of the data, as to whether the data is true or accurate
or clean and is worthy of trust
, Financial accounting data - Answers Any information external decision makers, such as
stockholders, banks, and suppliers, might use to help make decisions.
point-of-sale (POS) system - Answers A computer system that records all transactions at the
point of sale
Human resource management system - Answers an information system for managing all
interactions with current and potential employees
Data ethics - Answers The moral responsibility associated with gathering and protecting data,
and an understanding of how such responsibility affects individuals
Categorical Data - Answers data that is represented by words such as grouping a collection of
people by gender or by categorizing transaction types
Numerical data - Answers Data represented by meaningful numbers, such as transaction
amount, age, or the score on an exam.
Nominial Data - Answers Categorical data that can not be ranked.
Proportion - Answers The number of observations in one category; that number is then divided
by the grand total number of all available observations
Ordinal data - Answers Categorical data with natural, ranked categories
Interval data - Answers Numerical data measured along with a scale
Ratio data - Answers Numerical data with an equal and definitive ratio between each data point
and absolute "zero" in ratio data is the point of origin.
Data dictionary - Answers A centralized repository of information about data containing a
separate record for each field/variable in the database
Relational database - Answers A means of storing data in order to ensure that the data are
complete, not redundant, and to help enforce business rules. Relational databases also aid in
communication and integration of business processes across an organization.
Primary key - Answers The column in a data table in which each row contains a unique identifier.
Foreign Keys - Answers A column that exist to create relationships between two tables, linking
to the primary key in another table
Data integrity - Answers Truth in data, or how the data presents the truth of the underlying
transactions or events that occurred
Structured Query Language (SQL) - Answers a universal database language that can be used to
create, update, and delete records and tables in relational databases
information overload - Answers Access or exposure to too much information to be able to
process
Bloom's Taxonomy - Answers A hierarchy view of thinking and learning skills
Data Analytics - Answers the process of evaluating data with the purpose of drawing
conclusions to address all types of questions
AMPS model - Answers A framework for performing data analytics, which includes Ask the
Question, Master the Data, Perform the Analysis, and Share the Story
Data integrity - Answers the accuracy, validity, and consistency of data used and stored over
time
Pivot Tables - Answers A tool that allows reorganization and summarization of certain data
using crosstabulations without changing the underlying spreadsheet (or data).
Accounting Data Analytics - Answers The technologies, systems, practices, methodologies,
databases,
statistics, and applications used to analyze diverse accounting and
nonaccounting data to give organizations the information they need
to make sound and timely business decisions.
Audit - Answers An assessment of the accounting principles used and significant estimates
made; it evaluates the overall financial statements made
Big Data - Answers data that are to large and complex for business existing systems to capture,
store, manage, and analyze
Structured data - Answers High organized data that fits nicely in tables or a database. An excel
worksheet, balance sheet or income statement are good examples
Unstructured data - Answers Data without internal organization (or structure). Blogs and social
media and pictures posted in Instagram would both be examples of unstructured data.
Semi-structured data - Answers Data without internal organization or structure but that has tags
explaining what the data represents.
Velocity - Answers The speed at which data is gathered
Veracity - Answers The underlying quality of the data, as to whether the data is true or accurate
or clean and is worthy of trust
, Financial accounting data - Answers Any information external decision makers, such as
stockholders, banks, and suppliers, might use to help make decisions.
point-of-sale (POS) system - Answers A computer system that records all transactions at the
point of sale
Human resource management system - Answers an information system for managing all
interactions with current and potential employees
Data ethics - Answers The moral responsibility associated with gathering and protecting data,
and an understanding of how such responsibility affects individuals
Categorical Data - Answers data that is represented by words such as grouping a collection of
people by gender or by categorizing transaction types
Numerical data - Answers Data represented by meaningful numbers, such as transaction
amount, age, or the score on an exam.
Nominial Data - Answers Categorical data that can not be ranked.
Proportion - Answers The number of observations in one category; that number is then divided
by the grand total number of all available observations
Ordinal data - Answers Categorical data with natural, ranked categories
Interval data - Answers Numerical data measured along with a scale
Ratio data - Answers Numerical data with an equal and definitive ratio between each data point
and absolute "zero" in ratio data is the point of origin.
Data dictionary - Answers A centralized repository of information about data containing a
separate record for each field/variable in the database
Relational database - Answers A means of storing data in order to ensure that the data are
complete, not redundant, and to help enforce business rules. Relational databases also aid in
communication and integration of business processes across an organization.
Primary key - Answers The column in a data table in which each row contains a unique identifier.
Foreign Keys - Answers A column that exist to create relationships between two tables, linking
to the primary key in another table
Data integrity - Answers Truth in data, or how the data presents the truth of the underlying
transactions or events that occurred
Structured Query Language (SQL) - Answers a universal database language that can be used to
create, update, and delete records and tables in relational databases
