Exam 3: Accounting Data Data Types and How They Are Used

The dollar amounts included in the financial statements would be examples of ratio data.

__________ data has an absolute zero.

Proportion is used most effectively with __________ data.

There are four primary methods to summarize numerical data: counting and grouping, proportion, summing and __________.

Sales data would be considered to be examples of __________ data.

Whether a product is in stock could either be recorded in a database with a categorical (Y/N flag) or report number on hand as a numerical value.

If there are 60 return transactions and 150 sales transactions in a month, what is the proportion of return transactions to all monthly transactions?

Which of the following would not be a calculated variable from other data?

There are two primary methods to summarize nominal data: counting and grouping, and __________.

__________ data has a meaningful distance between data points.

An example of unstructured data would include __________.

Interval data does not have a meaningful zero.

Earnings per share would be considered to be __________ data.

Ratio data has an absolute zero.

Which of the following would be a calculated variable from other data?

Nominal data is numerical data that cannot be ranked.

Ranking is a summarization method for which type of data?

There are three primary methods to summarize ordinal data: counting and grouping, proportion and __________.

Data measuring transactions amounts for revenues and expenses would be considered __________.

A data map is a centralized repository of information about data containing a separate record for each field/variable in the database.