ACC 409 QUIZZES AND CH11 - 17 (2ND PART) EXAM
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS GRADED A++
Data analytics performed to identify the most profitable customers would be most
likely to affect which income statement account?
A. Revenues
B. Selling, general, and administrative expenses (SG&A)
C. Cost of goods sold
D. Interest expense
A. Revenues
Which of these represents the proper transformation from data to decision
according to the information value chain?
A. Data ➛ Analysis ➛ Information ➛ Decision
B. Data ➛ Information ➛ Knowledge ➛ Decision
C. Data ➛ Knowledge ➛ Information ➛ Decision
D. Data ➛ Business event ➛ Information ➛ Decision
B. Data ➛ Information ➛ Knowledge ➛ Decision
,The balance sheet account most likely affected by an AIS investment in supply
chain management software would be
A. cash and cash equivalents.
B. inventories.
C. fixed assets.
D. unearned revenue.
B. inventories.
Which of the following statements is true?
A. Graphs show values of two variables each plotted on its own axis to exhibit
potential trends.
B. None of the above
C. Scatterplots show values of two variables each plotted on its own axis to
exhibit potential correlation.
D. Scatterplots show values of two variables each plotted on its own axis to
exhibit potential trends.
E. Graphs show values of two variables each plotted on its own axis to exhibit
potential correlation.
C. Scatterplots show values of two variables each plotted on its own axis to exhibit
potential correlation.
If we wanted to know what score we needed to get on the final in this class based
on our expected performance before the final, we would call that _____________
,analytics.
A. Predictive
B. Diagnostic
C. Prescriptive
D. Descriptive
C. Prescriptive
Which of the following charts is generally considered the best way to show
proportions?
A. Treemaps
B. Bar charts
C. Scatter plots
D. Line charts
E. Pie charts
E. Pie charts
Accounting information systems
A. require a CITP designation to understand.
B. report only financially related information.
C. are always computerized.
D. are information systems that record, process, and report on transactions to
provide financial and nonfinancial information for decision making and control.
, D. are information systems that record, process, and report on transactions to provide
financial and nonfinancial information for decision making and control.
The use of visualizations to communicate the results to decision makers is called
A. diagnostic visualizations.
B. explanatory visualizations.
C. prescriptive visualizations.
D. exploratory visualizations.
B. explanatory visualizations.
Many hospitals and doctor's offices are beginning to digitize the medical records
of their patients. This is an example of the_____________strategic role.
A. Informate - up
B. Transform
C. Informate - down
D. Automate
D. Automate
ADS is a standard format for data files and fields typically needed to support an
external audit in a given financial business process area that was developed by
the AICPA. The acronym ADS stands for what three words?
A. Accounting Data Standards
B. Accounting Data Specification
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS GRADED A++
Data analytics performed to identify the most profitable customers would be most
likely to affect which income statement account?
A. Revenues
B. Selling, general, and administrative expenses (SG&A)
C. Cost of goods sold
D. Interest expense
A. Revenues
Which of these represents the proper transformation from data to decision
according to the information value chain?
A. Data ➛ Analysis ➛ Information ➛ Decision
B. Data ➛ Information ➛ Knowledge ➛ Decision
C. Data ➛ Knowledge ➛ Information ➛ Decision
D. Data ➛ Business event ➛ Information ➛ Decision
B. Data ➛ Information ➛ Knowledge ➛ Decision
,The balance sheet account most likely affected by an AIS investment in supply
chain management software would be
A. cash and cash equivalents.
B. inventories.
C. fixed assets.
D. unearned revenue.
B. inventories.
Which of the following statements is true?
A. Graphs show values of two variables each plotted on its own axis to exhibit
potential trends.
B. None of the above
C. Scatterplots show values of two variables each plotted on its own axis to
exhibit potential correlation.
D. Scatterplots show values of two variables each plotted on its own axis to
exhibit potential trends.
E. Graphs show values of two variables each plotted on its own axis to exhibit
potential correlation.
C. Scatterplots show values of two variables each plotted on its own axis to exhibit
potential correlation.
If we wanted to know what score we needed to get on the final in this class based
on our expected performance before the final, we would call that _____________
,analytics.
A. Predictive
B. Diagnostic
C. Prescriptive
D. Descriptive
C. Prescriptive
Which of the following charts is generally considered the best way to show
proportions?
A. Treemaps
B. Bar charts
C. Scatter plots
D. Line charts
E. Pie charts
E. Pie charts
Accounting information systems
A. require a CITP designation to understand.
B. report only financially related information.
C. are always computerized.
D. are information systems that record, process, and report on transactions to
provide financial and nonfinancial information for decision making and control.
, D. are information systems that record, process, and report on transactions to provide
financial and nonfinancial information for decision making and control.
The use of visualizations to communicate the results to decision makers is called
A. diagnostic visualizations.
B. explanatory visualizations.
C. prescriptive visualizations.
D. exploratory visualizations.
B. explanatory visualizations.
Many hospitals and doctor's offices are beginning to digitize the medical records
of their patients. This is an example of the_____________strategic role.
A. Informate - up
B. Transform
C. Informate - down
D. Automate
D. Automate
ADS is a standard format for data files and fields typically needed to support an
external audit in a given financial business process area that was developed by
the AICPA. The acronym ADS stands for what three words?
A. Accounting Data Standards
B. Accounting Data Specification
