会计数据分析 TestBank Richardson1e-Chapter01-TB

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DataAnalyticsforAccounting,1e(Richardson)

Chapter1DataAnalyticsinAccountingandBusiness

1)Dataanalyticsistheprocessofevaluatingdatawiththepurposeofdrawingconclusionstoaddressbusinessquestions.

2)Theprocessofdataanalyticsaimstotransformrawinformationintodatatocreatevalue.

3)Dataanalyticshasthepotentialtotransformthemannerinwhichcompaniesruntheirbusinesses;however,itisnotpracticalinthenearfuture.

4)Auditorscanusesocialmediatohearwhatcustomersaresayingaboutacompanyandcomparethistoinventoryobsolescenceandotherestimates.

5)Dataanalyticsallowsauditorstogleaninsightsthatarebeneficialtotheclient,withoutbreachingindependence.

6)Thepredictiveanalyticsisanimportantaspectofdataanalyticsforauditors,butisnotapplicablefortaxaccountants.

7)TheIinIMPACTCyclerepresentsIdentifytheQuestion.

8)TheMinIMPACTCyclerepresentsMastertheData.

9)ThePinIMPACTCyclerepresentsPredicttheResults.

10)TheAinIMPACTCyclerepresentsAnalyzetheData.

11)TheCinIMPACTCyclerepresentsContinuouslyTrack.

12)TheTinIMPACTCyclerepresentsTrackOutcomes.

13)Datanormalizationcanreducedataredundancyandimprovedataintegrity.

14)TheIMPACTcycleisiterative,asinsightsaregained,outcomesaretracked,andnewquestionsareidentified.

15)Dataanalyticsprofessionalsestimatethattheyspendbetween25percentand70percentoftheirtimecleaningdatasoitcanbeanalyzed.

16)Dataanalysisthroughdatamanipulationisperformingbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion.

17)Tobeproficientindataanalysis,accountantsneedtobecomedatascientists.

18)Bydevelopingananalyticsmindset,accountantswillbeabletorecognizewhenandhowdataanalyticscanaddressbusinessquestions.

19)Whileitisimportantforaccountantstoclearlyarticulatethebusinessproblem,drawingappropriateconclusions,basedonthedata,shouldbelefttostatisticians.

20)Analytic-mindedaccountantsshouldreportresultsofanalysisinanaccessiblewaytoeachvarieddecisionmaker,alongwiththeirspecificneeds.

21)Withagoalofgivingorganizationstheinformationtheyneedtomakesoundandtimelybusinessdecisions,dataanalyticsofteninvolvesallofthefollowingexcept:

A)technologies.

B)statistics.

C)growth.

D)databases.

22)Patternsdiscoveredfrom________enablebusinessestoidentifyopportunitiesandrisksinordertobetterplanfor________.

A)pastarchives;thefuture

B)currentdata;thefuture

C)currentdata;today

D)pastarchives;today

23)Whichofthefollowingbestdescribesthedataanalyticsskillofdescriptivedataanalysis?

A)recognizewhatismeantbydataquality,beitcompleteness,reliabilityorvalidity

B)performbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion

C)demonstrateabilitytosort,rearrange,merge,andreconfiguredatainamannerthatallowsenhancedanalysis

D)comprehendtheprocessneededtocleanandpreparethedatabeforeanalysis

24)Whichofthefollowingbestdescribesthedataanalyticsskillofdataquality?

A)recognizewhatismeantbydataquality,beitcompleteness,reliabilityorvalidity

B)performbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion

C)demonstratetheabilitytosort,rearrange,merge,andreconfiguredatainamannerthatallowsenhancedanalysis

D)comprehendtheprocessneededtocleanandpreparethedatabeforeanalysis

25)Whichofthefollowingbestdescribesthedataanalyticsskillofdataanalysisthroughdatamanipulation?

A)recognizewhatismeantbydataquality,beitcompleteness,reliabilityorvalidity

B)performbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion

C)demonstrateabilitytosort,rearrange,merge,andreconfiguredatainamannerthatallowsenhancedanalysis

D)comprehendtheprocessneededtocleanandpreparethedatabeforeanalysis

26)Whichofthefollowingbestdescribesthedataanalyticsskillofdatascrubbinganddatapreparation?

A)recognizewhatismeantbydataquality,beitcompleteness,reliabilityorvalidity

B)performbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion

C)demonstratetheabilitytosort,rearrange,mergeandreconfiguredatainamannerthatallowsenhancedanalysis

D)comprehendtheprocessneededtocleanandpreparethedatabeforeanalysis

27)Whichofthefollowingbestdescribesthedataanalyticsskillofdevelopingananalyticsmindset?

A)recognizewhenandhowdataanalyticscanaddressbusinessquestions

B)performbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion

C)recognizewhatismeantbydataquality,beitcompleteness,reliabilityorvalidity

D)comprehendtheprocessneededtocleanandpreparethedatabeforeanalysis

28)Whichofthefollowingbestdescribesthedataanalyticsskillofdatavisualizationanddatareporting?

A)recognizewhenandhowdataanalyticscanaddressbusinessquestions

B)performbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion

C)recognizewhatismeantbydataquality,beitcompleteness,reliabilityorvalidity

D)reportresultsofanalysisinanaccessiblewaytoeachvarieddecisionmakerandtheirspecificneeds

29)Whichofthefollowingbestdescribesthedataanalyticsskillofdefiningandaddressingproblemsthroughstatisticaldataanalysis?

A)recognizewhatismeantbydataquality,beitcompleteness,reliabilityorvalidity

B)performbasicanalysistounderstandthequalityoftheunderlyingdataanditsabilitytoaddressthebusinessquestion

C)demonstrateabilitytosort,rearrange,mergeandreconfiguredatainamannerthatallowsenhancedanalysis

D)identifyandimplementanapproachthatwillusestatisticaldataanalysistodrawconclusionsandmakerecommendationsonatimelybasis

30)Whileaccountantsdon'tneedtobecomedatascientists,theymustknowhowtodothefollowingexcept:

A)Clearlyarticulatethebusinessproblemthecompanyisfacing

B)Communicatewiththedatascientistsaboutspecificdataneedsandunderstandtheunderlyingqualityofthedata

C)Buildadatarepository

D)Comprehendtheprocessneededtocleanandpreparethedatabeforeanalysis

31)Whichapproachtodataanalyticsattemptstoestimateorpredict,foreachunit,thenumericalvalueofsomevariableusingsometypeofstatisticalmodel?

A)Similaritymatching.

B)Classification.

C)Datareduction.

D)Regression.

32)Whichapproachtodataanalyticsattemptstoassigneachunit(orindividual)inapopulationintoafewcategories?

A)Similaritymatching.

B)Classification.

C)Datareduction.

D)Regression

33)Whichapproachtodataanalyticsattemptstocharacterizethetypicalbehaviorofanindividual,grouporpopulationbygeneratingsummarystatisticsaboutthedata?

A)Similaritymatching.

B)Profiling.

C)Datareduction.

D)Regression.

34)Whichapproachtodataanalyticsattemptstoreducetheamountofinformationthatneedstobeconsideredtofocusonthemostcriticalitems?

A)Similaritymatching.

B)Profiling.

C)Datareduction.

D)Regression.

35)Whichofthefollowingbestdescribestheclassificationapproachtodataanalytics?

A)Anattempttoassigneachunit(orindividual)inapopulationintoafewcategories.

B)Anattempttoidentifysimilarindividualsbasedondataknownaboutthem.

C)Anattempttodivideindividualsintogroupsinausefulormeaningfulway.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

36)Whichofthefollowingbestdescribestheclusteringapproachtodataanalytics?

A)Anattempttoassigneachunit(orindividual)inapopulationintoafewcategories.

B)Anattempttoidentifysimilarindividualsbasedondataknownaboutthem.

C)Anattempttodivideindividualsintogroupsinausefulormeaningfulway.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

37)Whichofthefollowingbestdescribesthesimilaritymatchingapproachtodataanalytics?

A)Anattempttoassigneachunit(orindividual)inapopulationintoafewcategories.

B)Anattempttoidentifysimilarindividualsbasedondataknownaboutthem.

C)Anattempttodivideindividualsintogroupsinausefulormeaningfulway.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

38)Whichofthefollowingbestdescribestheregressionapproachtodataanalytics?

A)Anattempttoestimateorpredict,foreachunit,thenumericalvalueofsomevariableusingsometypeofstatisticalmodel.

B)Anattempttopredictarelationshipbetweentwodataitems.

C)Anattempttodivideindividualsintogroupsinausefulormeaningfulway.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

39)Whichofthefollowingbestdescribestheco-occurrencegroupingapproachtodataanalytics?

A)Anattempttocharacterizethetypicalbehaviorofanindividual,grouporpopulationbygeneratingsummarystatisticsaboutthedata.

B)Anattempttopredictarelationshipbetweentwodataitems.

C)Anattempttoreducetheamountofinformationthatneedstobeconsideredtofocusonthemostcriticalitems.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

40)Whichofthefollowingbestdescribesthelinkpredictionapproachtodataanalytics?

A)Anattempttocharacterizethetypicalbehaviorofanindividual,grouporpopulationbygeneratingsummarystatisticsaboutthedata.

B)Anattempttopredictarelationshipbetweentwodataitems.

C)Anattempttoreducetheamountofinformationthatneedstobeconsideredtofocusonthemostcriticalitems.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

41)Whichofthefollowingbestdescribestheprofilingapproachtodataanalytics?

A)Anattempttocharacterizethetypicalbehaviorofanindividual,grouporpopulationbygeneratingsummarystatisticsaboutthedata.

B)Anattempttopredictarelationshipbetweentwodataitems.

C)Anattempttoreducetheamountofinformationthatneedstobeconsideredtofocusonthemostcriticalitems.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

42)Whichofthefollowingbestdescribesthedatareductionapproachtodataanalytics?

A)Anattempttocharacterizethetypicalbehaviorofanindividual,grouporpopulationbygeneratingsummarystatisticsaboutthedata.

B)Anattempttopredictarelationshipbetweentwodataitems.

C)Anattempttoreducetheamountofinformationthatneedstobeconsideredtofocusonthemostcriticalitems.

D)Anattempttodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem.

43)Whichapproachtodataanalyticsattemptstodiscoverassociationsbetweenindividualsbasedontransactionsinvolvingthem?

A)Similaritymatching.

B)Clustering.

C)Co-occurrencegrouping.

D)Linkprediction.

44)Whichapproachtodataanalyticsattemptstoidentifysimilarindividualsbasedondataknownaboutthem?

A)Similaritymatching.

B)Clustering.

C)Co-occurrencegrouping.

D)Linkprediction.

45)Whichapproachtodataanalyticsattemptstopredictarelationshipbetweentwodataitems?

A)Similaritymatching.

B)Clustering.

C)Co-occurrencegrouping.

D)Linkprediction.

46)Whichapproachtodataanalyticsattemptstodivideindividualsintogroupsinausefulormeaningfulway?

A)Similaritymatching.

B)Clustering.

C)Co-occurrencegrouping.

D)Linkprediction.

47)Theimpactcycleincludesallthefollowingprocessesexcept:

A)Communicateinsights.

B)Performtestplan.

C)Analyzethedata.

D)Trackoutcomes.

48)Theimpa