Wiley chapter 1 quiz

Question 1

According to the text, which of the following is NOT true?

Answer 1

An example of an SSBI tool is PowerPoint.

Question 2

When preparing data, analysts use the ETL process. ETL stands for Explore, Transfer, Load.

Answer 2

False`

Question 3

According to the text, the data analysis process is comprised of three equally important stages, which of the following is NOT one of those stages?

Answer 3

Review

Question 4

Understanding “why” something happening in your analysis is called _________ analytics.

Answer 4

Diagnostic

Question 5

A visualization of a chart that compares actual vs expected monthly revenue would probably be found in the _________ area.

Answer 5

auditing

Question 6

Power BI is considered an example of an SSBI tool.

Answer 6

True

Question 7

In preparing data, the process of reviewing the data for possible issues is called

Answer 7

profiling

Question 8

In the data analysis process, “C” in the MOSAIC model stands for “Cleaning”.

Answer 8

False

Question 9

The CPA Exam and the CMA Exam both include topics on data analytics .

Answer 9

True

Question 10

Which is consistent with the Data Analytics Mindset?

Answer 10

an open mind for learning new technologies

asking why when interpreting results

having skills like critical thinking, data literacy, technological agility,