1 REVIEW QUESTIONS AND ANSWERS WESTERN
GOVERNORS’ UNIVERSITY
What is the computer-based standard used to define and exchange
financial information from financial statements preparers to financial
statement users?
✔✔XBRL
Which system would be used to manage the hiring process for all
potential employees?
✔✔Human Resource Management System
How would a company use the human resource management system data
to evaluate employee turnover?
✔✔
The biggest difference between a 10-k and a 10-Q is the _____ disclosure
✔✔frequency of
The chapter suggested that _____ be used to help evaluate inventory
obsolescence and the lower of cost or net realizable value of inventory
✔✔product reviews
Whereas _______ would generally be considered to structured data,
_______ would generally be considered to be unstructured data.
✔✔financial statements; product reviews
, If there were fake news presented by someone trying to sway an opinion
(or a vote), that would bring into question which aspect of Big Data?
✔✔Veracity
An announcement of a new CEO would most likely be reported on which
SEC form?
✔✔8-K
There are really very few opportunities to have a question-and-answer
session with the CEO of a company and have it recorded for others to
use. However, _______ of such an interactive question-and-answer
session that is fairly widely available to all interested parties.
✔✔conference call transcripts
The moral responsibility associated with gathering, protecting, and using
data is called data ____
✔✔ethics
What is the difference between sum and count?
✔✔COUNT: The COUNT function counts the number of rows of a table
that satisfy a set of stated criteria
SUM: sum adds up a set of attribute values
What are the methods of summarizing categorical data?
✔✔Count, group, rank, proportion