ACCT310 Chapter 10

The first person to propose using XML as a means to electronically deliver financial information was: A. Herb Hackett. B. Robert Byrd. C. Albert Gore. D. Charles Hoffman.

D. Charles Hoffman.

What is the mechanism called that firms may use to track their marketing efforts? A. Digital dashboard B. Data analytics C. Business intelligence D. XBRL

A. Digital dashboard

XBRL assurance might include all but which of the following: A. The XBRL tagging is useful to investors. B. The XBRL tagging is accurate and complete. C. The most current, standardized XBRL taxonomy is used. D. The reports generated using XBRL are complete and received on a timely basis.

A. The XBRL tagging is useful to investors.

XBRL facilitates business reporting of: A. financial and nonfinancial information. B. business processes. C. the XML language. D. only financial information.

A. financial and nonfinancial information.

Which technique or tool is used to analyze data for business intelligence purposes? A. Data marts B. Data mining C. Big Data D. Decision support systems

B. Data mining

Which body mandated that operating firms in its jurisdiction submit their financial reports using XBRL? A. GASB B. SEC C. NYSE D. FASB

B. SEC

The stated advantages of XBRL GL do not include: A. reporting independence. B. scalability. C. flexibility. D. system independence.

B. scalability.

The XBRL style sheet is made in conformance with which standardized language? A. XBRL GL B. XML C. XSL D. XL

C. XSL

The computer-based technique to accumulate and analyze data is called: A. digital dashboard. B. XBRL. C. business intelligence. D. data warehouse.

C. business intelligence.

A data warehouse may include: A. a digital dashboard. B. an XBRL style sheet. C. competitor information. D. an iPad.

C. competitor information

A subset of a data warehouse is called a: A. data martian. B. small data warehouse. C. data mart. D. business intelligence.

C. data mart

The steps in business intelligence include: A. analyze data for patterns, gather information, make decision. B. create data warehouse, query data warehouse, make decision. C. gather information, analyze data for patterns, make decision. D. query data warehouse, create data warehouse, make decision.

C. gather information, analyze data for patterns, make decision.

A digital dashboard tracks, in a user-friendly way: A. automobile speed. B. critical business markets. C. critical business failures. D. critical business processes.

D. critical business processes.

XBRL GL, or XBRL Global Ledger Taxonomy, is different from XBRL U.S. GAAP because it facilitates: A. efficient communication between the firm and external parties. B. efficient communication with customers. C. efficient communication with the supply chain. D. efficient communication within a firm.

D. efficient communication within a firm.

American Airlines may use business intelligence to: A. track the cost of snacks on its airplanes. B. monitor the cost of its pilots and flight attendants. C. track the cost of its airplane fuel. D. monitor prices on competitive routes. E. All of the choices are correct.

E. All of the choices are correct.