# Quiz 3: Accounting Data Data Types and How They Are Used

Business

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True False

False

Q 2Q 2

A data map is a centralized repository of information about data containing a separate record for each field/variable in the database.

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True False

False

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True False

True

Q 4Q 4

With four possible audit opinion outcomes (e.g., unqualified, qualified, disclaimer, or adverse), the audit opinion would be considered categorical (as opposed to numerical).

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True False

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True False

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True False

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True False

Q 8Q 8

The most appropriate data type for the customer rating for an Amazon product would be a number.

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True False

Q 9Q 9

Whether a product is in stock could either be recorded in a database with a categorical (Y/N flag) or report number on hand as a numerical value.

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True False

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True False

Q 11Q 11

Proportion is used most effectively with __________ data.
A) numerical
B) interval
C) ratio
D) categorical

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Multiple Choice

Q 12Q 12

Data from the financial statements would generally be considered to be __________.
A) structured data
B) interval data
C) unstructured data
D) ratio data

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Multiple Choice

Q 13Q 13

Data noting first, second and third place awards would be considered a form of __________ data.
A) ratio
B) ordinal
C) numerical
D) interval

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Multiple Choice

Q 14Q 14

Sales data would be considered to be examples of __________ data.
A) interval
B) ratio
C) ordinal
D) unstructured

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Multiple Choice

Q 15Q 15

Facebook, Twitter and Instagram posts would generally be considered to be __________.
A) structured data
B) unstructured data
C) numerical data
D) ordinal data

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Multiple Choice

Q 16Q 16

If there are 60 return transactions and 150 sales transactions in a month, what is the proportion of return transactions to all monthly transactions?
A) =60/210
B) =60/150
C) =210/60
D) =150/60

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Multiple Choice

Q 17Q 17

If there are 6 transactions on 11/1, 3 transactions on 11/2 and 10 transactions on 11/3, what is the proportion of the 11/1 transactions to the total transactions that occur during the first three days of November?
A) =19/6
B) =6/13
C) =6/19
D) =6/6

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Multiple Choice

Q 18Q 18

Transaction_ID would be considered to be __________.
A) ratio data
B) categorical data
C) ranked data
D) ordinal data

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Multiple Choice

Q 19Q 19

The term "net book value" in the fixed asset ledger is considered to be useful to the preparer and the user because it __________.
A) tells the accountant the amount the asset could be sold at today
B) tells the accountant how much was originally paid for the fixed asset
C) tells the accountant the depreciation period the assets will be depreciated over
D) tells the accountant the remaining value of the fixed asset less total depreciation to date

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Multiple Choice

Q 20Q 20

Ranking is a summarization method for which type of data?
A) Nominal
B) Ordinal
C) Ratio
D) Both Categorical and Numerical

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Multiple Choice

Q 21Q 21

__________ is data about the data.
A) A data dictionary
B) A data map
C) A data atlas
D) A data summary

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Multiple Choice

Q 22Q 22

There are four primary methods to summarize numerical data: counting and grouping, proportion, summing and __________.
A) ranking
B) plotting
C) averaging
D) charting

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Multiple Choice

Q 23Q 23

There are three primary methods to summarize ordinal data: counting and grouping, proportion and __________.
A) plotting
B) charting
C) ranking
D) averaging

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Multiple Choice

Q 24Q 24

There are two primary methods to summarize nominal data: counting and grouping, and __________.
A) ranking
B) charting
C) averaging
D) proportion

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Multiple Choice

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Multiple Choice

Q 26Q 26

__________ data has a meaningful distance between data points.
A) Interval
B) Ratio
C) Nominal
D) Ordinal

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Multiple Choice

Q 27Q 27

While __________ data classifies categorical items, __________ data ranks categorical items.
A) ordinal; nominal
B) nominal; ordinal
C) nominal; interval
D) ordinal; interval

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Multiple Choice

Q 28Q 28

Since audit reports come in four types, including an unqualified, qualified, disclaimer, or adverse report, they would be considered __________ data.
A) categorical
B) numerical
C) ratio
D) interval

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Multiple Choice

Q 29Q 29

An example of structured data would include __________.
A) blogs
B) pictures
C) social media
D) product reviews

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Multiple Choice

Q 30Q 30

An example of unstructured data would include __________.
A) names and addresses
B) pictures
C) financial statements
D) product reviews

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Multiple Choice

Q 31Q 31

Purchase and returns data would be considered to be __________ data.
A) categorical
B) ordinal
C) nominal
D) interval

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Multiple Choice

Q 32Q 32

The most appropriate data type for whether or not a product is eligible for Amazon prime shipping would be the use of __________.
A) Y/N Flag
B) short text
C) number
D) currency

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Multiple Choice

Q 33Q 33

Which of the following would be a calculated variable from other data?
A) Product availability
B) Coupon availability
C) Product sales price
D) Average customer rating

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Multiple Choice

Q 34Q 34

Which of the following would not be a calculated variable from other data?
A) Number of products available
B) Coupon availability
C) Ranking of sales of one product compared to other products
D) Average customer rating

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Multiple Choice

Q 35Q 35

In a fixed asset ledger, the asset ID and description represent __________.
A) categorical data
B) numerical data
C) unstructured data
D) discretionary data

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Multiple Choice

Q 36Q 36

In a fixed asset ledger, the net book value of a fixed asset would be a calculated field equal to the original cost less __________.
A) beginning depreciation
B) accumulated depreciation
C) ending depreciation
D) current period depreciation

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Multiple Choice

Q 37Q 37

Earnings per share would be considered to be __________ data.
A) ordinal
B) nominal
C) interval
D) ratio

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Multiple Choice

Q 38Q 38

Since AssetID is a number identifying assets in a fixed asset ledger, it would be considered to be __________.
A) numerical data
B) categorical data
C) ratio data
D) ordinal data

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Multiple Choice

Q 39Q 39

Proportion is calculated by taking the number of observations in a category and __________ that number by the grand total of observations in the sample.
A) adding
B) multiplying
C) dividing
D) subtracting

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Multiple Choice

Q 40Q 40

Invoice Number would be considered to be __________ because is it summarized by __________.
A) nominal data, proportion
B) nominal data, counting
C) ordinal data, proportion
D) ordinal data, counting

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Multiple Choice

Q 41Q 41

Data measuring transactions amounts for revenues and expenses would be considered __________.
A) nominal data
B) numeric data
C) categorical data
D) ordinal data

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Multiple Choice

Q 42Q 42

Data with an equal and definitive interval between each data point and absolute "zero" in the point of origin measuring transactions amounts for revenues and expenses would be considered __________.
A) ratio data
B) counting data
C) categorical data
D) ordinal data

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Multiple Choice