PYTHON AND ANALYTICS 1 & 2 ALA EXAM FULLY SOLVED 2026
#14
Python was specifically designed to rely on which of the following? - correct answer
Python libraries
Modules
Select the true statements about the business uses of Python. - correct answer Forty
percent of recruiters are actively seeking Python programmers.
A Python library is a collection of related programming modules that include pre-
compiled bundles of code.
Python is used in a variety of business disciplines including data analysis, finance, and
accounting.
Similar to how mining recovers small amounts of precious metals from large amounts of
ore or earth, ______ is the process of extracting information from large data sets. -
correct answer data mining
A subset of data analysis that covers creating visual representations of data is referred
to as data - correct answer visualization
Select the true statements about how Python is used in the banking industry. - correct
answer Python is used by financial institutions to provide online banking and payment
processing systems.
There is a Python script that allows for the creation of automatic recurring payment
requests via Venmo.
Banks use Python to get financial models out of Microsoft Excel.
Select the true statements about the Python programming language. - correct answer
Many people consider Python to be an ideal first programming language to learn.
Python is completely free to use.
Python syntax is considered by many to be relatively simple.
Which Python web frameworks identified in the text assist in the development of
scalable and secure fintech web applications? - correct answer Flask
Django
,A multi-purpose programming language that relies extensively on libraries and modules,
______ is suitable for the automation of various tasks and processes. - correct answer
Python
Data manipulation in Python using the wide variety of libraries that are available offer
accountants the ability to automate which of the following tasks? - correct answer
Perform calculations.
Generate reports.
Analyze financial data.
Known as numerical Python, ______ is well-suited for scientific computations and
complex array operations and is widely used in data mining. - correct answer numpy
Put the process for web scraping using Python in the correct order. - correct answer 1.
Identify the URL to scrape.
2. Identify the data that needs to be scraped.
3. Inspect the page.
4. Locate the data that needs to be extracted.
5. Write/use Python code to extract the data.
6. Run the code and extract the data.
7. Compile structured reports/visualizations of the data.
Which of the following Python libraries are commonly used for data processing and data
visualization? - correct answer Seaborn
Matplotlib
Which of the following Python libraries are used in marketing analytics and SEO? -
correct answer expan
Tensorflow
Python is used in quantitative and qualitative financial processes in which of the
following areas? - correct answer Analytics
Cryptocurrency
Banking
Short for Financial Technology, fintech refers to the use of technology and innovative
solutions to automate and increase efficiency in which industries? - correct answer
Insurance
Banking
, Payment systems
Which of the following is Microsoft Excel frequently used for? - correct answer Data
analytics
Data entry
Data visualization
Which of the following Python libraries are commonly used to automate accounting
tasks? - correct answer numpy
Pandas
In Microsoft Excel, a predefined formula that is built into the software for ease of use
and deployment is referred to as a - correct answer function
Web scraping is the automation of the extraction of large volumes of data from
websites. Using Python, which of the following web scraping activities can be
conducted? - correct answer Conduct research and development (R&D)
Conduct price comparisons.
Collect data from social media sites.
In Python, a collection of related programming modules that include precompiled
bundles of code that can be used repetitively in different programs and applications are
referred to as a Python ______. They often contain configuration data, templates,
classes, values, and documentation. - correct answer library
Marketing analytics are used to measure marketing performance and effectiveness and
to make decisions on different strategies to increase marketing efficiency and impact.
The analysis of marketing performance data can be enhanced using Python. Python is
used for the analysis of which marketing related tasks? - correct answer A/B Testing
Customer segmentation analysis
Predictive analytics
In Microsoft Excel, ______ is used to create custom macros and functions that are
designed to accomplish organizational specific tasks. - correct answer VBA
Select the true statements about how Python is used in finance. - correct answer
Python is used in quantitative and qualitative financial processes in many financial
areas including analytics, banking, and cryptocurrency.
#14
Python was specifically designed to rely on which of the following? - correct answer
Python libraries
Modules
Select the true statements about the business uses of Python. - correct answer Forty
percent of recruiters are actively seeking Python programmers.
A Python library is a collection of related programming modules that include pre-
compiled bundles of code.
Python is used in a variety of business disciplines including data analysis, finance, and
accounting.
Similar to how mining recovers small amounts of precious metals from large amounts of
ore or earth, ______ is the process of extracting information from large data sets. -
correct answer data mining
A subset of data analysis that covers creating visual representations of data is referred
to as data - correct answer visualization
Select the true statements about how Python is used in the banking industry. - correct
answer Python is used by financial institutions to provide online banking and payment
processing systems.
There is a Python script that allows for the creation of automatic recurring payment
requests via Venmo.
Banks use Python to get financial models out of Microsoft Excel.
Select the true statements about the Python programming language. - correct answer
Many people consider Python to be an ideal first programming language to learn.
Python is completely free to use.
Python syntax is considered by many to be relatively simple.
Which Python web frameworks identified in the text assist in the development of
scalable and secure fintech web applications? - correct answer Flask
Django
,A multi-purpose programming language that relies extensively on libraries and modules,
______ is suitable for the automation of various tasks and processes. - correct answer
Python
Data manipulation in Python using the wide variety of libraries that are available offer
accountants the ability to automate which of the following tasks? - correct answer
Perform calculations.
Generate reports.
Analyze financial data.
Known as numerical Python, ______ is well-suited for scientific computations and
complex array operations and is widely used in data mining. - correct answer numpy
Put the process for web scraping using Python in the correct order. - correct answer 1.
Identify the URL to scrape.
2. Identify the data that needs to be scraped.
3. Inspect the page.
4. Locate the data that needs to be extracted.
5. Write/use Python code to extract the data.
6. Run the code and extract the data.
7. Compile structured reports/visualizations of the data.
Which of the following Python libraries are commonly used for data processing and data
visualization? - correct answer Seaborn
Matplotlib
Which of the following Python libraries are used in marketing analytics and SEO? -
correct answer expan
Tensorflow
Python is used in quantitative and qualitative financial processes in which of the
following areas? - correct answer Analytics
Cryptocurrency
Banking
Short for Financial Technology, fintech refers to the use of technology and innovative
solutions to automate and increase efficiency in which industries? - correct answer
Insurance
Banking
, Payment systems
Which of the following is Microsoft Excel frequently used for? - correct answer Data
analytics
Data entry
Data visualization
Which of the following Python libraries are commonly used to automate accounting
tasks? - correct answer numpy
Pandas
In Microsoft Excel, a predefined formula that is built into the software for ease of use
and deployment is referred to as a - correct answer function
Web scraping is the automation of the extraction of large volumes of data from
websites. Using Python, which of the following web scraping activities can be
conducted? - correct answer Conduct research and development (R&D)
Conduct price comparisons.
Collect data from social media sites.
In Python, a collection of related programming modules that include precompiled
bundles of code that can be used repetitively in different programs and applications are
referred to as a Python ______. They often contain configuration data, templates,
classes, values, and documentation. - correct answer library
Marketing analytics are used to measure marketing performance and effectiveness and
to make decisions on different strategies to increase marketing efficiency and impact.
The analysis of marketing performance data can be enhanced using Python. Python is
used for the analysis of which marketing related tasks? - correct answer A/B Testing
Customer segmentation analysis
Predictive analytics
In Microsoft Excel, ______ is used to create custom macros and functions that are
designed to accomplish organizational specific tasks. - correct answer VBA
Select the true statements about how Python is used in finance. - correct answer
Python is used in quantitative and qualitative financial processes in many financial
areas including analytics, banking, and cryptocurrency.
