Question 1

Which component of the AMPS model does prescriptive analytics fall under?

Accepted Answer

A)  Ask the Question 
B)  Master the Data 
C)  Perform the Analysis 
D)  Share the Story 
A)  Ask the Question 
B)  Master the Data 
C)  Perform the Analysis 
D)  Share the Story

Question 2

The interest rate calculated to the point where the present value of cash inflows is equal to the present value of cash outflows is called __________.

Accepted Answer

A)  net present value 
B)  internal rate of return 
C)  capital budgeting 
D)  marginal analysis 
A)  net present value 
B)  internal rate of return 
C)  capital budgeting 
D)  marginal analysis

Question 3

This is the correct calculation of net present value a new piece of equipment that is expected to cost $200,000 at the time of purchase (Year 0) and returns $150,000 per year for three years, and a cost of capital of 10%.

Accepted Answer

A) True 
 B)False

Question 4

Prescriptive analytics helps identify the best decision based on constraints or changing __________.

Accepted Answer

A)  opportunities 
B)  forecasts 
C)  challenges 
D)  conditions 
A)  opportunities 
B)  forecasts 
C)  challenges 
D)  conditions

Question 5

A complete payment made all at one time, is called an annuity.

Accepted Answer

A) True 
 B)False

Question 6

Changes in consumer preferences, tax laws, interest rates, levels of risk, exchange rates, demand for employees and their expertise, etc. are all conditions a company regularly face. Predicting and addressing these changing conditions requires what kind of analytics?

Accepted Answer

A)  Descriptive 
B)  Diagnostic 
C)  Predictive 
D)  Prescriptive 
A)  Descriptive 
B)  Diagnostic 
C)  Predictive 
D)  Prescriptive

Question 7

Scenario analysis is __________.

Accepted Answer

A)  an analysis of future events performed by assessing the probability of those events and the potential outcomes 
B)  the evaluation of the outcomes based on uncertainty regarding the inputs 
C)  the evaluation of the change in profit associated with the cost or benefit of the next unit 
D)  analysis performed to investigate the underlying cause 
A)  an analysis of future events performed by assessing the probability of those events and the potential outcomes 
B)  the evaluation of the outcomes based on uncertainty regarding the inputs 
C)  the evaluation of the change in profit associated with the cost or benefit of the next unit 
D)  analysis performed to investigate the underlying cause

Which component of the AMPS model does prescriptive analytics fall under?

The interest rate calculated to the point where the present value of cash inflows is equal to the present value of cash outflows is called __________.

This is the correct calculation of net present value a new piece of equipment that is expected to cost $200,000 at the time of purchase (Year 0) and returns $150,000 per year for three years, and a cost of capital of 10%.

Prescriptive analytics helps identify the best decision based on constraints or changing __________.

A complete payment made all at one time, is called an annuity.

Changes in consumer preferences, tax laws, interest rates, levels of risk, exchange rates, demand for employees and their expertise, etc. are all conditions a company regularly face. Predicting and addressing these changing conditions requires what kind of analytics?

Scenario analysis is __________.

Using Data Analytics to Ask and Answer Accounting Questions

Master the Data: an Introduction to Accounting Data

Accounting Data Data Types and How They Are Used

Master the Data: Preparing Data for Analysis

Perform the Analysis: Types and Tools of Data Analyses

Perform the Analysis: Descriptive Analyses

Perform the Analysis: Diagnostic Analyses

Perform the Analysis: Predictive Analytics

Share the Story

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Exam 9: Perform the Analysis: Prescriptive Analytics

Which component of the AMPS model does prescriptive analytics fall under?

The interest rate calculated to the point where the present value of cash inflows is equal to the present value of cash outflows is called __________.

This is the correct calculation of net present value a new piece of equipment that is expected to cost $200,000 at the time of purchase (Year 0) and returns $150,000 per year for three years, and a cost of capital of 10%.

Prescriptive analytics helps identify the best decision based on constraints or changing __________.

A complete payment made all at one time, is called an annuity.

Changes in consumer preferences, tax laws, interest rates, levels of risk, exchange rates, demand for employees and their expertise, etc. are all conditions a company regularly face. Predicting and addressing these changing conditions requires what kind of analytics?

Scenario analysis is __________.

Using Data Analytics to Ask and Answer Accounting Questions

Master the Data: an Introduction to Accounting Data

Accounting Data Data Types and How They Are Used

Master the Data: Preparing Data for Analysis

Perform the Analysis: Types and Tools of Data Analyses

Perform the Analysis: Descriptive Analyses

Perform the Analysis: Diagnostic Analyses

Perform the Analysis: Predictive Analytics

Share the Story

Filters