Richardson Test - each Chapter) Version 1 1 Chapter 1 1) Of the ...

Introduction to Data Analytics for Accounting, 1e Vern Richardson (Test Bank all Chapters, Answers at the end of each Chapter)

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Version 1 1 Chapter 1 1) Of the options listed below, which is the lowest level of thinking skills in Bloom's Taxonomy?

• Create
• Understand
• Apply
• Analyze

2) Of the options listed below, which is the highest level of thinking skills in Bloom's Taxonomy?

• Evaluate
• Apply
• Analyze
• Understand

3) Which is the appropriate ordering of thinking skills in Bloom's Taxonomy, where the ">" symbol means higher order skills?

• Evaluate > Apply
• Remember > Understand
• Apply > Analyze
• Analyze > Evaluate

4) Which component of the AMPS model would usually involve creating a pivottable? 2 / 4

Version 1 2

• Ask the Question
• Master the Data
• Perform the Analysis
• Share the Story

5) Which component of the AMPS model most appropriately addresses the skill mentioned by EY's analytics mindset of "extract, transform and load relevant data"?

• Ask the Question
• Master the Data
• Perform the Analysis
• Share the Story

6) Use of a dashboard to track relevant outcomes would be consistent with which component of the AMPS model?

• Ask the Question
• Master the Data
• Perform the Analysis
• Share the Story

7) A visualization may be used to help with which component of the AMPS model?

• Ask the Question
• Master the Data
• Perform the Analysis
• Share the Story

8) Benford's law might be used as part of which component of the AMPS model? 3 / 4

Version 1 3

• Ask the Question
• Master the Data
• Perform the Analysis
• Share the Story

9) What type of question(s) works to explain "Why did overall tax increase even though net income did not?"

• What happened? What is happening?
• Why did it happen? What are the root causes of past results?
• Will it happen in the future? What is the probability something will happen? Is it

forecastable?

• What should we do based on what we expect will happen? How do we optimize our

performance based on potential constraints?

10) What type of question is used in finding the level of sales needed to break even?

• What happened? What is happening?
• Why did it happen? What are the root causes of past results?
• Will it happen in the future? What is the probability something will happen? Is it

forecastable?

• What should we do based on what we expect will happen? How do we optimize our

performance based on potential constraints?

11) What type of question is used in learning how much the company paid in interest expenses last year?

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