Data Analytics- Questions and Answers
100% Solved
Data analytics involved with a balanced scorecard (or digital dashboard) should involve the use
of a ____________ tool.
a. ERP
b. spreadsheet
c. data visualization
d. statistics
e. data manipulation c. data visualization
Dashboards tend to be monitored how often?
a. weekly
b. daily
c. yearly
d. monthly b. daily
One specialized type of digital dashboard, which is comprised of four components identifies the
most important metrics to measure, as well as identifying target goals to compare metrics against
is called a _____________.
a. annual performance review
b. balanced scorecard
c. key performance indicators (KPIs)
,d. financial statements b. balanced scorecard
When auditors use ratio analysis to identify areas of interest, it is called ________________.
a. DuPont ratio analysis
b. audit risk ratio analysis
c. analytical procedures c. analytical procedures
The inventory turnover ratio is an example of what type of ratios?
a. solvency
b. activity
c. profitability
d. liquidity b. activity
Asset turnover is also known as:
a. profit margin
b. financial leverage
c. operating leverage c. operating leverage
To the extent that sparklines allows users to continuously monitor the status of various outcomes,
it would fit into which stage of the IMPACT model ?
a. perform test plan
b. master the data
, c. identify the questions
d. track outcomes d. track outcomes
An analysis of price variance is consistent with ______ analytics.
a. predictive
b. diagnostic
c. prescriptive
d. descriptive b. diagnostic
What is the name of the computerized technique that would be used to perform sentiment
analysis on an annual accounting report?
a. machine learning
b. text mining
c. random forest
d. sentiment analysis d. text mining
What type of data analytics would you use for management accounting question: "How much did
Job #318 cost per unit?" Descriptive Analytics
What type of data analytics would you use for management accounting question: "What is the
driving rate variance on manufacturing?" Diagnostic Analytics
100% Solved
Data analytics involved with a balanced scorecard (or digital dashboard) should involve the use
of a ____________ tool.
a. ERP
b. spreadsheet
c. data visualization
d. statistics
e. data manipulation c. data visualization
Dashboards tend to be monitored how often?
a. weekly
b. daily
c. yearly
d. monthly b. daily
One specialized type of digital dashboard, which is comprised of four components identifies the
most important metrics to measure, as well as identifying target goals to compare metrics against
is called a _____________.
a. annual performance review
b. balanced scorecard
c. key performance indicators (KPIs)
,d. financial statements b. balanced scorecard
When auditors use ratio analysis to identify areas of interest, it is called ________________.
a. DuPont ratio analysis
b. audit risk ratio analysis
c. analytical procedures c. analytical procedures
The inventory turnover ratio is an example of what type of ratios?
a. solvency
b. activity
c. profitability
d. liquidity b. activity
Asset turnover is also known as:
a. profit margin
b. financial leverage
c. operating leverage c. operating leverage
To the extent that sparklines allows users to continuously monitor the status of various outcomes,
it would fit into which stage of the IMPACT model ?
a. perform test plan
b. master the data
, c. identify the questions
d. track outcomes d. track outcomes
An analysis of price variance is consistent with ______ analytics.
a. predictive
b. diagnostic
c. prescriptive
d. descriptive b. diagnostic
What is the name of the computerized technique that would be used to perform sentiment
analysis on an annual accounting report?
a. machine learning
b. text mining
c. random forest
d. sentiment analysis d. text mining
What type of data analytics would you use for management accounting question: "How much did
Job #318 cost per unit?" Descriptive Analytics
What type of data analytics would you use for management accounting question: "What is the
driving rate variance on manufacturing?" Diagnostic Analytics
