ACCT 3130 QUIZ QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026
Which of the following is not a toll you should use to maximize your charts for a colorblind audience?
- use a orange/blue color pallet
- convert your chart to grayscale to check the constract
- avoid a red/green color pallet
- use natural increments in your data scale such as 1s or 100s - Answers d. use natural increments in
your data scale such as 1s or 100s
What is the preferred number to start a scale at in a bar chart? - Answers zero
which chart work best for depicting progression over time? - Answers line chart
which charts work best for depicting proportion? - Answers pie chart and stacked bar chart
Which type of data and visualizations are used for gaining insights and generating ideas while
interacting with your data? - Answers exploratory
After completing your data analysis, the write-up should include a discussion of which of the
following: - Answers All steps of the IMPACT model
_____________ data is more complex than _____________. - Answers quantitative; qualitative
Which type of chart is best described as useful for identifying the correlation between two variables,
for identifying a trend line, or line of best fit? - Answers scatter plots
____________ is data that is represented by whole numbers. - Answers discrete data
Results using the Fahrenheit scale would be best described as an example of: - Answers interval data
Digital dashboards would be an example of which component of the IMPACT model> - Answers track
outcomes
An analysis of favorable and unfavorable price variances would be an example of __________
analytics. - Answers diagnostic
__________ analysis is used to evaluate the fixed and variable components of mixed costs. - Answers
regression
Return on investment is which of the following types of KPI? - Answers financial performance
The balanced scorecard is comprised of four components, which of the following is not a component
of a balanced scorecard?
- customer
- external process
- financial
- internal process - Answers external process
A ________ is an interactive report showing the most important metrics to help users understand
how a company or an organization is performing. - Answers digital dashboard
A _________ is a calculation measuring how an organization is performing, particularly when that
measure is compared to a baseline. - Answers performance metric
True or False:
The value of a digital dashboard is maximized when the metrics provided are used to impact decision-
making and action. - Answers true
True or False:
KPI data is typically stored in the company's ERP or accounting information system while KPI data
analysis for the digital dashboard is created in a data visualization tool such as Excel or Tableau. -
Answers True
True or False:
The IMPACT model should be used to complete a project using a balanced scorecard or some other
type of digital dashboard to highlight metrics and KPIs. - Answers True
Standardized metrics are:
- tags used by the reporting company to allow easier comparison of company reported non-XBRL data
- tags used by data vendors to allow easier comparison of company reported XBRL data
- tags used by the reporting company to allow easier comparison of company reported XBRL data
- tags used by data vendors to allow easier comparison of company reported non-XBRL data -
Answers tags used by data vendors to allow easier comparison of company reported XBRL data
As opposed to vertical analysis, horizontal analysis:
- shows the proportionate value of common accounts across companies
- show the change in value of an account from one period to the next
- disaggregates return on equity into its component parts
Which of the following is not a toll you should use to maximize your charts for a colorblind audience?
- use a orange/blue color pallet
- convert your chart to grayscale to check the constract
- avoid a red/green color pallet
- use natural increments in your data scale such as 1s or 100s - Answers d. use natural increments in
your data scale such as 1s or 100s
What is the preferred number to start a scale at in a bar chart? - Answers zero
which chart work best for depicting progression over time? - Answers line chart
which charts work best for depicting proportion? - Answers pie chart and stacked bar chart
Which type of data and visualizations are used for gaining insights and generating ideas while
interacting with your data? - Answers exploratory
After completing your data analysis, the write-up should include a discussion of which of the
following: - Answers All steps of the IMPACT model
_____________ data is more complex than _____________. - Answers quantitative; qualitative
Which type of chart is best described as useful for identifying the correlation between two variables,
for identifying a trend line, or line of best fit? - Answers scatter plots
____________ is data that is represented by whole numbers. - Answers discrete data
Results using the Fahrenheit scale would be best described as an example of: - Answers interval data
Digital dashboards would be an example of which component of the IMPACT model> - Answers track
outcomes
An analysis of favorable and unfavorable price variances would be an example of __________
analytics. - Answers diagnostic
__________ analysis is used to evaluate the fixed and variable components of mixed costs. - Answers
regression
Return on investment is which of the following types of KPI? - Answers financial performance
The balanced scorecard is comprised of four components, which of the following is not a component
of a balanced scorecard?
- customer
- external process
- financial
- internal process - Answers external process
A ________ is an interactive report showing the most important metrics to help users understand
how a company or an organization is performing. - Answers digital dashboard
A _________ is a calculation measuring how an organization is performing, particularly when that
measure is compared to a baseline. - Answers performance metric
True or False:
The value of a digital dashboard is maximized when the metrics provided are used to impact decision-
making and action. - Answers true
True or False:
KPI data is typically stored in the company's ERP or accounting information system while KPI data
analysis for the digital dashboard is created in a data visualization tool such as Excel or Tableau. -
Answers True
True or False:
The IMPACT model should be used to complete a project using a balanced scorecard or some other
type of digital dashboard to highlight metrics and KPIs. - Answers True
Standardized metrics are:
- tags used by the reporting company to allow easier comparison of company reported non-XBRL data
- tags used by data vendors to allow easier comparison of company reported XBRL data
- tags used by the reporting company to allow easier comparison of company reported XBRL data
- tags used by data vendors to allow easier comparison of company reported non-XBRL data -
Answers tags used by data vendors to allow easier comparison of company reported XBRL data
As opposed to vertical analysis, horizontal analysis:
- shows the proportionate value of common accounts across companies
- show the change in value of an account from one period to the next
- disaggregates return on equity into its component parts
