Test Bank - Data and Analytics in Accounting: An Integrated Approach 1st Edition, by Ann
C. Dzuranin, All Chapters
Big Data is often described by the three V's, or - (answer)Volume, velocity, and variety
Which of the following best describes the data analytics skill of developing an analytics mindset? -
(answer)Recognize when and how data analytics can address business questions
Which approach to Data Analytics attempts to assign each unit in a population into a small set of classes
where the unit belongs? - (answer)Classification
Which approach to Data Analytics attempts to identify similar individuals based on data known about
them? - (answer)Similarity Matching
Which of these terms is defined as being a central repository of descriptions for all of the data attributes
of the dataset? - (answer)Data Dictionary
Which skills were not emphasized that analytic-minded accountants should have?
A) Defining and addressing problems through statistical data analysis.
B) Data scrubbing and data preparation.
C) Classification of test approaches.
D) Developing an analytics mindset. - (answer)C
Which skills were not emphasized that analytic-minded accountants should have?
A) Data quality.
B) Data and systems analysis and design.
C) Descriptive data analysis.
D) Data visualization. - (answer)B
List the steps of the IMPACT cycle: - (answer)1) Identify questions
2) Master the Data
, Test Bank - Data and Analytics in Accounting: An Integrated Approach 1st Edition, by Ann
C. Dzuranin, All Chapters
3) Perform test plan
4) Address and refine results
5) Communicate insights
6) Track outcomes
By the year 2020, about 1.7 megabytes of new information be created every: - (answer)Second
Mastering the data can also be described via the ETL process. The ETL process stands for: -
(answer)Extract
Transform
Load data
When using [EmployeeID] as the unique identifier of the Employee table, [EmployeeID] is an example of
which of the following: - (answer)Primary Key
The purpose of extracting data is: - (answer)To identify and obtain the data from the appropriate source
The purpose of transforming the data is: - (answer)To validate the data for completness and integrity
The purpose of loading data is: - (answer)To load data into the appropriate tool for analysis (Tableau,
Power BI, Excel)
Which of the following best exemplifies a way that data will need to be cleaned after extraction and
validation? - (answer)Removing headings and subtotals
Comparing descriptive statistics for numeric fields within the data is an example of which of the
following? - (answer)Validating the data for completeness
C. Dzuranin, All Chapters
Big Data is often described by the three V's, or - (answer)Volume, velocity, and variety
Which of the following best describes the data analytics skill of developing an analytics mindset? -
(answer)Recognize when and how data analytics can address business questions
Which approach to Data Analytics attempts to assign each unit in a population into a small set of classes
where the unit belongs? - (answer)Classification
Which approach to Data Analytics attempts to identify similar individuals based on data known about
them? - (answer)Similarity Matching
Which of these terms is defined as being a central repository of descriptions for all of the data attributes
of the dataset? - (answer)Data Dictionary
Which skills were not emphasized that analytic-minded accountants should have?
A) Defining and addressing problems through statistical data analysis.
B) Data scrubbing and data preparation.
C) Classification of test approaches.
D) Developing an analytics mindset. - (answer)C
Which skills were not emphasized that analytic-minded accountants should have?
A) Data quality.
B) Data and systems analysis and design.
C) Descriptive data analysis.
D) Data visualization. - (answer)B
List the steps of the IMPACT cycle: - (answer)1) Identify questions
2) Master the Data
, Test Bank - Data and Analytics in Accounting: An Integrated Approach 1st Edition, by Ann
C. Dzuranin, All Chapters
3) Perform test plan
4) Address and refine results
5) Communicate insights
6) Track outcomes
By the year 2020, about 1.7 megabytes of new information be created every: - (answer)Second
Mastering the data can also be described via the ETL process. The ETL process stands for: -
(answer)Extract
Transform
Load data
When using [EmployeeID] as the unique identifier of the Employee table, [EmployeeID] is an example of
which of the following: - (answer)Primary Key
The purpose of extracting data is: - (answer)To identify and obtain the data from the appropriate source
The purpose of transforming the data is: - (answer)To validate the data for completness and integrity
The purpose of loading data is: - (answer)To load data into the appropriate tool for analysis (Tableau,
Power BI, Excel)
Which of the following best exemplifies a way that data will need to be cleaned after extraction and
validation? - (answer)Removing headings and subtotals
Comparing descriptive statistics for numeric fields within the data is an example of which of the
following? - (answer)Validating the data for completeness
