Test Bank Fol For Introduction To Data Analytics For Accounting 2Nd Edition By Vernon Richardson

TEST BANK FOL FOR INTRODUCTION TO DATA ANALYTICS FOR ACCOUNTING 2ND
EDITION BY VERNON RICHARDSON



Chap 01 2e Answers Included
1) "Create" is the highest skill in Bloom's Taxonomy.
⊚ true
⊚ false



2) "Understand" is the lowest skill in Bloom's Taxonomy.
⊚ true
⊚ false




3) "Remember" is a higher skill than "Understand" in Bloom's Taxonomy.
⊚ true
⊚ false



4) "Ask the Right Question" is one of the desired skills for accounting professionals, consistent
with EY's "The Analytics Mindset".
⊚ true
⊚ false



5) "Communicate results with management" is one of the desired skills for accounting
professionals, consistent with EY's "The Analytics Mindset".
⊚ true
⊚ false



6) "Extract, Transform and Load Relevant Data" is one of the desired skills for accounting
professionals, consistent with EY's "The Analytics Mindset".
⊚ true
⊚ false




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, 7) Of the options listed below, which is the lowest level of thinking skills in Bloom's
Taxonomy?
A) Create
B) Understand
C) Apply
D) Analyze



8) Of the options listed below, which is the highest level of thinking skills in Bloom's
Taxonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand



9) Which is the appropriate ordering of thinking skills in Bloom's Taxonomy, where the ">"
symbol means higher order skills?
A) Evaluate > Apply
B) Remember > Understand
C) Apply > Analyze
D) Analyze > Evaluate



10) Which component of the AMPS model would usually involve creating a pivottable?
A) Ask the Question
B) Master the Data
C) Perform the Analysis
D) Share the Story



11) Which component of the AMPS model most appropriately addresses the skill mentioned by
EY's analytics mindset of "extract, transform and load relevant data"?
A) Ask the Question
B) Master the Data
C) Perform the Analysis
D) Share the Story




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, 12) Use Vof Va Vdashboard Vto Vtrack Vrelevant Voutcomes Vwould Vbe Vconsistent Vwith Vwhich
Vcomponent Vof Vthe VAMPS Vmodel?
A) Ask Vthe VQuestion
B) Master Vthe VData
C) Perform Vthe VAnalysis
D) Share Vthe VStory



13) A Vvisualization Vmay Vbe Vused Vto Vhelp Vwith Vwhich Vcomponent Vof Vthe VAMPS Vmodel?
A) Ask Vthe VQuestion
B) Master Vthe VData
C) Perform Vthe VAnalysis
D) Share Vthe VStory



14) Benford's Vlaw Vmight Vbe Vused Vas Vpart Vof Vwhich Vcomponent Vof Vthe VAMPS Vmodel?
A) Ask Vthe VQuestion
B) Master Vthe VData
C) Perform Vthe VAnalysis
D) Share Vthe VStory



15) What Vtype Vof Vquestion(s) Vworks Vto Vexplain V"Why Vdid Voverall Vtax Vincrease Veven
Vthough Vnet Vincome Vdid Vnot?"
A) What Vhappened? VWhat Vis Vhappening?
B) Why Vdid Vit Vhappen? VWhat Vare Vthe Vroot Vcauses Vof Vpast Vresults?
C) Will Vit Vhappen Vin Vthe Vfuture? VWhat Vis Vthe Vprobability Vsomething Vwill Vhappen?
VIs Vit V forecastable?


D) What Vshould Vwe Vdo Vbased Von Vwhat Vwe Vexpect Vwill Vhappen? VHow Vdo Vwe
Voptimize Vour Vperformance V based Von Vpotential Vconstraints?




16) What Vtype Vof Vquestion Vis Vused Vin Vfinding Vthe Vlevel Vof Vsales Vneeded Vto Vbreak Veven?
A) What Vhappened? VWhat Vis Vhappening?
B) Why Vdid Vit Vhappen? VWhat Vare Vthe Vroot Vcauses Vof Vpast Vresults?
C) Will Vit Vhappen Vin Vthe Vfuture? VWhat Vis Vthe Vprobability Vsomething Vwill Vhappen?
Is Vit Vforecastable?
V


D) What Vshould Vwe Vdo Vbased Von Vwhat Vwe Vexpect Vwill Vhappen? VHow Vdo Vwe
Voptimize Vour Vperformance V based Von Vpotential Vconstraints?




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, 17) What Vtype Vof Vquestion Vis Vused Vin Vlearning Vhow Vmuch Vthe Vcompany Vpaid Vin Vinterest
Vexpenses Vlast Vyear?
A) What Vhappened? VWhat Vis Vhappening?
B) Why Vdid Vit Vhappen? VWhat Vare Vthe Vroot Vcauses Vof Vpast Vresults?
C) Will Vit Vhappen Vin Vthe Vfuture? VWhat Vis Vthe Vprobability Vsomething Vwill Vhappen?
VIs Vit V forecastable?


D) What Vshould Vwe Vdo Vbased Von Vwhat Vwe Vexpect Vwill Vhappen? VWhat Vshould Vwe Vdo
Vbased Von Vwhat Vwe Vexpect Vwill V happen? VHow Vdo Vwe Voptimize Vour Vperformance


Vbased Von Vpotential Vconstraints?




18) What Vtype Vof Vquestion Vis Vpredicting Vwhether Vborrowers Vwill Vbe Vable Vto Vrepay Vtheir Vloans?
A) What Vhappened? VWhat Vis Vhappening?
B) Why Vdid Vit Vhappen? VWhat Vare Vthe Vroot Vcauses Vof Vpast Vresults?
C) Will Vit Vhappen Vin Vthe Vfuture? VWhat Vis Vthe Vprobability Vsomething Vwill Vhappen?
Is Vit Vforecastable?
V


D) What Vshould Vwe Vdo Vbased Von Vwhat Vwe Vexpect Vwill Vhappen? VHow Vdo Vwe
Voptimize Vour Vperformance V based Von Vpotential Vconstraints?




19) What Vtype Vof Vquestion Vis Vused Vin Vdetermining Vhow Vto Vmaximize Vrevenues Vif Vthere Vis Va
Vtrade Vwar Vwith VChina?
A) What Vhappened? VWhat Vis Vhappening?
B) Why Vdid Vit Vhappen? VWhat Vare Vthe Vroot Vcauses Vof Vpast Vresults?
C) Will Vit Vhappen Vin Vthe Vfuture? VWhat Vis Vthe Vprobability Vsomething Vwill Vhappen?
VIs Vit V forecastable?


D) What Vshould Vwe Vdo Vbased Von Vwhat Vwe Vexpect Vwill Vhappen? VHow Vdo Vwe
Voptimize Vour Vperformance V based Von Vpotential Vconstraints?




20) The Vaccuracy, Vvalidity Vand Vconsistency Vof Vdata Vused Vand Vstored Vover Vtime Vis Vcalled
A) data Vveracity.
B) data Vintegrity.
C) data Vquality.
D) truthful Vdata.




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