Question 1

The majority of data analysis currently performed in businesses today would be classified as descriptive analytics.

Accepted Answer

A) True 
 B)False

Question 2

Organizations that spend more on legacy systems tend to experience a lower incidence of security breaches.

Accepted Answer

A) True 
 B)False

Question 3

The majority of data analysis currently performed in businesses today would be classified as predictive analytics.

Accepted Answer

A) True 
 B)False

Question 4

Prescriptive analytics are useful in answering What should be done?

Accepted Answer

A) True 
 B)False

Question 5

Transaction processing systems handle the collection, modification and retrieval of data associated with business events.

Accepted Answer

A) True 
 B)False

Question 6

Your car insurance company asks you to install a tracking device in your vehicle to record your driving habits.Data from this device is used to adjust your premium.The source of this data is:

Accepted Answer

A) Operational 
B) Transformative 
C) Social 
D) Mechanical 
A) Operational 
B) Transformative 
C) Social 
D) Mechanical

Question 7

Information systems that collect large quantities of data from sources such as Facebook, Twitter and LinkedIn originate from the following broad source:

Accepted Answer

A) mechanical 
B) electronic 
C) operational 
D) social 
A) mechanical 
B) electronic 
C) operational 
D) social

Question 8

One of the defining attributes of big data is variety.Variety is defined as:

Accepted Answer

A) The diversity of data that entities collect or create 
B) The extent to which data are objective and representative relative to the decision at hand 
C) The speed at which data are created 
D) The quantity and scale of data that entities collect or create 
A) The diversity of data that entities collect or create 
B) The extent to which data are objective and representative relative to the decision at hand 
C) The speed at which data are created 
D) The quantity and scale of data that entities collect or create

Question 9

It is always best to extract all data from the source data store during ETL.

Accepted Answer

A) True 
 B)False

Question 10

A division manager is interested in identifying which products are most profitable.She has requested the accounting department to pull together a report that breaks out product sales by profit margin, region and product category.This type of analysis would be characterized as:

Accepted Answer

A) Prescriptive 
B) Predictive 
C) Descriptive 
D) Directive 
A) Prescriptive 
B) Predictive 
C) Descriptive 
D) Directive

Question 11

One of the challenges the accounting profession faces is that the tools accountants have traditionally used are ill-equipped for analyzing the types and quantity of data present in big data.

Accepted Answer

A) True 
 B)False

Question 12

Mainstream spreadsheet and database software, such as Excel and Access, are often sufficient for analyzing the variety and volume presented by big data.

Accepted Answer

A) True 
 B)False

Question 13

Mechanical sources of data include sensors, wearable tech and ingestible e-pills.

Accepted Answer

A) True 
 B)False

Question 14

When we hear the term big data, typically we think of historical data stored in legacy systems.

Accepted Answer

A) True 
 B)False

Question 15

Big data is a catch-all term that term that primarily deals with voluminous amounts of structured data.

Accepted Answer

A) True 
 B)False

Question 16

Velocity is a term coined to describe the diversity of data that organizations create or collect.

Accepted Answer

A) True 
 B)False

Question 17

Given the tools and training that accountants currently possess, which of the following sources of data presents the most challenges with respect to data manipulation and analysis?

Accepted Answer

A) Operational sources 
B) Mechanical sources 
C) Social sources 
D) All are equally challenging 
A) Operational sources 
B) Mechanical sources 
C) Social sources 
D) All are equally challenging

Question 18

Traditional AISs generate unstructured data as part of processing transactions and business events.

Accepted Answer

A) True 
 B)False

Question 19

Blazer Communications, a digital content provider, is experiencing intense competition from a number of new entrants into their marketspace.In an effort to determine which customer are at risk of not renewing their contract, the CFO has asked the comptroller to perform an analysis to identify vulnerable customers based on past payment history, renewal patterns, and the like.This type of analysis would be characterized as:

Accepted Answer

A) Prescriptive 
B) Predictive 
C) Descriptive 
D) Directive 
A) Prescriptive 
B) Predictive 
C) Descriptive 
D) Directive

Question 20

Considerations when performing an EXTRACT include all of the following except:

Accepted Answer

A) Field format differences between various data stores 
B) Identifying which data to extract from source data stores 
C) Load and other negative infrastructure performance considerations 
D) Determining whether all data or a subset of the data are sufficient 
A) Field format differences between various data stores 
B) Identifying which data to extract from source data stores 
C) Load and other negative infrastructure performance considerations 
D) Determining whether all data or a subset of the data are sufficient

The majority of data analysis currently performed in businesses today would be classified as descriptive analytics.

Organizations that spend more on legacy systems tend to experience a lower incidence of security breaches.

The majority of data analysis currently performed in businesses today would be classified as predictive analytics.

Prescriptive analytics are useful in answering What should be done?

Transaction processing systems handle the collection, modification and retrieval of data associated with business events.

Your car insurance company asks you to install a tracking device in your vehicle to record your driving habits.Data from this device is used to adjust your premium.The source of this data is:

Information systems that collect large quantities of data from sources such as Facebook, Twitter and LinkedIn originate from the following broad source:

One of the defining attributes of big data is variety.Variety is defined as:

It is always best to extract all data from the source data store during ETL.

A division manager is interested in identifying which products are most profitable.She has requested the accounting department to pull together a report that breaks out product sales by profit margin, region and product category.This type of analysis would be characterized as:

One of the challenges the accounting profession faces is that the tools accountants have traditionally used are ill-equipped for analyzing the types and quantity of data present in big data.

Mainstream spreadsheet and database software, such as Excel and Access, are often sufficient for analyzing the variety and volume presented by big data.

Mechanical sources of data include sensors, wearable tech and ingestible e-pills.

When we hear the term big data, typically we think of historical data stored in legacy systems.

Big data is a catch-all term that term that primarily deals with voluminous amounts of structured data.

Velocity is a term coined to describe the diversity of data that organizations create or collect.

Given the tools and training that accountants currently possess, which of the following sources of data presents the most challenges with respect to data manipulation and analysis?

Traditional AISs generate unstructured data as part of processing transactions and business events.

Considerations when performing an EXTRACT include all of the following except:

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Exam 4: Accounting and Data Analytics

The majority of data analysis currently performed in businesses today would be classified as descriptive analytics.

Organizations that spend more on legacy systems tend to experience a lower incidence of security breaches.

The majority of data analysis currently performed in businesses today would be classified as predictive analytics.

Prescriptive analytics are useful in answering What should be done?

Transaction processing systems handle the collection, modification and retrieval of data associated with business events.

Your car insurance company asks you to install a tracking device in your vehicle to record your driving habits.Data from this device is used to adjust your premium.The source of this data is:

Information systems that collect large quantities of data from sources such as Facebook, Twitter and LinkedIn originate from the following broad source:

One of the defining attributes of big data is variety.Variety is defined as:

It is always best to extract all data from the source data store during ETL.

A division manager is interested in identifying which products are most profitable.She has requested the accounting department to pull together a report that breaks out product sales by profit margin, region and product category.This type of analysis would be characterized as:

One of the challenges the accounting profession faces is that the tools accountants have traditionally used are ill-equipped for analyzing the types and quantity of data present in big data.

Mainstream spreadsheet and database software, such as Excel and Access, are often sufficient for analyzing the variety and volume presented by big data.

Mechanical sources of data include sensors, wearable tech and ingestible e-pills.

When we hear the term big data, typically we think of historical data stored in legacy systems.

Big data is a catch-all term that term that primarily deals with voluminous amounts of structured data.

Velocity is a term coined to describe the diversity of data that organizations create or collect.

Given the tools and training that accountants currently possess, which of the following sources of data presents the most challenges with respect to data manipulation and analysis?

Traditional AISs generate unstructured data as part of processing transactions and business events.

Considerations when performing an EXTRACT include all of the following except:

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters