ACCT310--Chapter 10
American Airlines may use business intelligence to: a. Track the cost of snacks on its airplanes b. Monitor the cost of its pilot and flight attendants c. Track the cost of its airplane fuel d. Monitor prices on competitive routes e. All of the choices are correct
All of the choices are correct
The computer-based technique to accumulate and analyze data is called: a. Digital dashboard b. Business intelligence c. XBRL d. Data warehouse
Business intelligence
The first person to propose using XML as a means to electronically deliver financial information was: a. Herb Hackett b. Albert Gore c. Robert Byrd d. Charles Hoffman
Charles Hoffman
A data warehouse may include: a. A digital dashboard b. An XBRL style sheet c. Competitor information d. An iPad
Competitor information
A digital dashboard tracks, in a user-friendly way: a. Critical business failures b. Critical business processes c. Critical business markets d. Automobile speed
Critical business processes
A subset of a data warehouse is called a: a. Data martian b. Small data warehouse c. Business intelligence d. Data mart
Data mart
Which technique or tool is used to analyze data for business intelligence purposes? a. Decision support systems b. Data mining c. Data marts d. Big data
Data mining
What is the mechanism called that firms may use to track their marketing efforts? a. Data analytics b. Business intelligence c. XBRL d. Digital dashboard
Digital dashboard
XBRL GL, or XBRL Global Ledger Taxonomy, is different from XBRL U.S. GAAP because it facilitates: a. Efficient communication with customers b. Efficient communication between the firm and external parties c. Efficient communication within a firm d. Efficient communication with the supply chain
Efficient communication within a firm
XBRL facilitates business reporting of: a. Financial and nonfinancial information b. Only financial information c. Business processes d. The XML language
Financial and nonfinancial information
The steps in business intelligence include: a. Analyze data for patterns, gather information, make decision b. Query data warehouse, create data warehouse, make decision c. Create data warehouse, query data warehouse, make decision d. Gather information, analyze data for patterns, make decision
Gather information, analyze data for patterns, make decision
Which body mandated that operating firms in its jurisdiction submit their financial reports using XBRL? a. FASB b. GASB c. NYSE d. SEC
SEC
The stated advantages of XBRL GL do not include: a. Reporting independence b. Flexibility c. System independence d. Scalability
Scalability
XBRL assurance might include all but which of the following: a. The reports generate using XBRL are complete and received on a timely basis b. The XBRL tagging is useful to investors c. The most current, standardized XBRL taxonomy is used d. The XBRL tagging is accurate and complete
The XBRL tagging is useful to investors
The XBRL style sheet is made in conformance with which standardized language? a. XSL b. XML c. XL d. XBRL GL
XSL