ADMS 1010 FINAL EXAM STUDY GUIDE
Critical Thinking - Answers - Filtering and processing ideas, identifying commonalities
Casual Claims - Answers - explain one factor/event is the cause of another
Persuasion - Answers - Ideas presented to influence audience
Concept Maps - Answers - Highlights relationships between concepts
Uncontested Claims - Answers - generally accepted and do not accept challenge
Contestable Claims - Answers - claims that can be debated/questioned and often
require evidence to support
Evaluating Evidence - Answers - Accuracy, Precision, Sufficiency, Representativeness,
Authority, Clarity of Expression
Appeal to Authority - Answers - Accepting claims based on unqualified sources
Bandwagon Effect - Answers - assuming a belief since it is widely accepted
Argumentum ad Populum - Answers - Believing something is valid because "everyone
is doing it"
Clarity of Expression - Answers - Data must be explained
Underlying Assumptions - Answers - Implicit beliefs that influence how we interpret
claims and evidence. Unstated but shape our judgement/decisions
Evaluating Assumptions - Answers - consider if assumptions are always true, questions
if assumption align with evidence
Value Assumptions - Answers - Ideals about right or wrong
Reality Assumptions - Answers - beliefs about how things work
Advertising - Answers - rely on emotional appeal
Hawthorne Experiment - Answers - showed how attention workers received from
researchers
Charasmatic Leadership - Answers - Study on how most effective leader for task
performance was one who demonstrated which encourage productivity
, post hoc ergo propter hoc - Answers - logical fallacy where an event that happens first
is assumed to cause the event that follows
Casual Reasoning Challenges - Answers - cause-and-effect relationship can be difficult
because multiple factors might be influencing an outcome. Question alternative
explanations ensuring thats a true casual link is established rather than assuming
correlation implies causation
Experimental Research in Business - Answers - Experimental design test casual
relationships by ensuring variables are controlled to rule other explanation
Rhetoric - Answers - use of language to persuade or convince an audience
Counter-arguements - Answers - must be prepared by having strong rebuttal
Correlation - Answers - a relationship between two variables, leaders should question
data and not assume a casual relationship
Overselling Sustainability has led to... - Answers - nonstandard and incomplete metrics,
lack of transparency, rating are unreliable
Main Financial Statements - Answers - balance sheet, income statement, cash flow
statement, statement of changes in equity
Main Role of accountants.. - Answers - financial reporting, tax preparation, auditing,
management accounting, consulting
CPA Designation - Answers - awarded to individuals who have completed that
education, professional development and certificate process.m
To obtain CPA.. - Answers - completed accounting degree program, complete
professional education program, pass the common final examination, gain practical
experience
Primary Responsibility of Accountants - Answers - main roles + promote sustainability,
ensuring transparency, and contribute to ethical corporate practices
Challenges in additional responsibilities for Accountants - Answers - non-
standard/incomplete metrics, lack of transparency, complexity in measuring
social/environmental impacts
What needs to be done for success? - Answers - structural changes with better
regulation, accurate reporting and prioritizing long-term well-being
Critical Thinking - Answers - Filtering and processing ideas, identifying commonalities
Casual Claims - Answers - explain one factor/event is the cause of another
Persuasion - Answers - Ideas presented to influence audience
Concept Maps - Answers - Highlights relationships between concepts
Uncontested Claims - Answers - generally accepted and do not accept challenge
Contestable Claims - Answers - claims that can be debated/questioned and often
require evidence to support
Evaluating Evidence - Answers - Accuracy, Precision, Sufficiency, Representativeness,
Authority, Clarity of Expression
Appeal to Authority - Answers - Accepting claims based on unqualified sources
Bandwagon Effect - Answers - assuming a belief since it is widely accepted
Argumentum ad Populum - Answers - Believing something is valid because "everyone
is doing it"
Clarity of Expression - Answers - Data must be explained
Underlying Assumptions - Answers - Implicit beliefs that influence how we interpret
claims and evidence. Unstated but shape our judgement/decisions
Evaluating Assumptions - Answers - consider if assumptions are always true, questions
if assumption align with evidence
Value Assumptions - Answers - Ideals about right or wrong
Reality Assumptions - Answers - beliefs about how things work
Advertising - Answers - rely on emotional appeal
Hawthorne Experiment - Answers - showed how attention workers received from
researchers
Charasmatic Leadership - Answers - Study on how most effective leader for task
performance was one who demonstrated which encourage productivity
, post hoc ergo propter hoc - Answers - logical fallacy where an event that happens first
is assumed to cause the event that follows
Casual Reasoning Challenges - Answers - cause-and-effect relationship can be difficult
because multiple factors might be influencing an outcome. Question alternative
explanations ensuring thats a true casual link is established rather than assuming
correlation implies causation
Experimental Research in Business - Answers - Experimental design test casual
relationships by ensuring variables are controlled to rule other explanation
Rhetoric - Answers - use of language to persuade or convince an audience
Counter-arguements - Answers - must be prepared by having strong rebuttal
Correlation - Answers - a relationship between two variables, leaders should question
data and not assume a casual relationship
Overselling Sustainability has led to... - Answers - nonstandard and incomplete metrics,
lack of transparency, rating are unreliable
Main Financial Statements - Answers - balance sheet, income statement, cash flow
statement, statement of changes in equity
Main Role of accountants.. - Answers - financial reporting, tax preparation, auditing,
management accounting, consulting
CPA Designation - Answers - awarded to individuals who have completed that
education, professional development and certificate process.m
To obtain CPA.. - Answers - completed accounting degree program, complete
professional education program, pass the common final examination, gain practical
experience
Primary Responsibility of Accountants - Answers - main roles + promote sustainability,
ensuring transparency, and contribute to ethical corporate practices
Challenges in additional responsibilities for Accountants - Answers - non-
standard/incomplete metrics, lack of transparency, complexity in measuring
social/environmental impacts
What needs to be done for success? - Answers - structural changes with better
regulation, accurate reporting and prioritizing long-term well-being
