Data Analytics for Accounting

Business

Quiz 3 :

Accounting Data Data Types and How They Are Used

Quiz 3 :

Accounting Data Data Types and How They Are Used

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Ordinal data ranks or order numerical data.
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True False
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Answer:

False

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Facebook, Twitter and Instagram posts would generally be considered to be __________.
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Multiple Choice
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Answer:

B

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Sales data would be considered to be examples of __________ data.
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Multiple Choice
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Answer:

B

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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.
True False
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Data from the financial statements would generally be considered to be __________.
Multiple Choice
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The most appropriate data type for the customer rating for an Amazon product would be a number.
True False
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Nominal data is numerical data that cannot be ranked.
True False
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Interval data does not have a meaningful zero.
True False
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If there are 60 return transactions and 150 sales transactions in a month, what is the proportion of return transactions to all monthly transactions?
Multiple Choice
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Data noting first, second and third place awards would be considered a form of __________ data.
Multiple Choice
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A data map is a centralized repository of information about data containing a separate record for each field/variable in the database.
True False
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The terms data catalog and data dictionary are not related to each other.
True False
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The dollar amounts included in the financial statements would be examples of ratio data.
True False
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With four possible audit opinion outcomes (e.g., unqualified, qualified, disclaimer, or adverse), the audit opinion would be considered categorical (as opposed to numerical).
True False
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Proportion is used most effectively with __________ data.
Multiple Choice
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Transaction_ID would be considered to be __________.
Multiple Choice
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Ranking is a summarization method for which type of data?
Multiple Choice
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The term "net book value" in the fixed asset ledger is considered to be useful to the preparer and the user because it __________.
Multiple Choice
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Ratio data has an absolute zero.
True False
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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?
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