chapter 9 Flashcards
Data mining is considered a technique of
Business Intelligence
A data warehouse may include a
General Economic Information
Ford may use business intelligence to
Indicators of quality issues to pinpoint machinery failures in its assembly plants
A collection of information gathered from an assortment of external and operational (i.e., internal) databases to facilitate reporting for decision making and business analysis is called
Data Warehouse
The steps in business intelligence include
Gather Information, Analyze Data for Patterns, Make Decision
Digital Dashboard tracks in a user-friendly way
Critical business processes
The first person to propose using XML be used as a means to electronically deliver financial information was
Charles Hoffman
XBRL GL, or XBRL Global Ledger Taxonomy, is different from XBRL US GAAP because it facilitates
Efficient communication within a firm
The stated advantages of XBRL GL include:
Flexibility
XBRL assurance is generally expected to include
The reports include all relevant financial and nonfinancial information
XBRL stands for
eXtensible Business Reporting Language
XBRL does all of the following except
Serves as a universal standard for financial reporting information in the individual investor community
In February 2009, the _____________ passed the rule requiring all large domestic firms to begin formatting their financial statements using XBRL
Securities and Exchange Commission
A document containing XBRL elements is called a
XBRL Instance Document
The process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known is called
Data Mining
