Exam 14: Decision-Making Models and Knowledge Management

Ways to combat information overload include:

Knowledge management is important to the study of accounting information systems because:

Big Data can arise from two broad types of sources.Which of the following best pairs one type with an example?

Consider the following short case as you respond to the question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure.She is responsible for audits of independent bookstores in California, Nevada and Arizona.Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing.She therefore wants to create a knowledge management system.In assigning personnel to a specific audit team, Amanda normally has one licensed CPA working with a professional who is not yet licensed.Rather than considering alternative approaches to the audit that might achieve the same goals more efficiently, the licensed CPAs in Amanda's firm rely on their past practice in conducting audits.The licensed CPAs are therefore demonstrating:

Objectives of knowledge management include:

Samantha and Josephine were preparing to start their own clothing business; they contacted their friend David, a recent graduate from Big State University's accounting program, to learn about setting up their accounting information system.As part of the "prioritizing" step in Steps for Better Thinking, David could:

Knowledge:

Steps for Better Thinking involves all of the following stages except:

Data analytics involves three broad categories.Which of the following comprises examples from a single category?

According to Arthur, big data is:

Consider the following short case as you respond to the question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure.She is responsible for audits of independent bookstores in California, Nevada and Arizona.Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing.She therefore wants to create a knowledge management system.In assigning personnel to a specific audit team, Amanda normally has one licensed CPA working with a professional who is not yet licensed, thus cutting down on information overload due to:

Soares identified five types of Big Data.Which of the following best pairs one type with an example?

Samantha and Josephine were preparing to start their own clothing business; they contacted their friend David, a recent graduate from Big State University's accounting program, to learn about setting up their accounting information system.Which of the following methodologies could David use to assist them?

Consider the following short case as you respond to the question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure.She is responsible for audits of independent bookstores in California, Nevada and Arizona.Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing.She therefore wants to create a knowledge management system.The less experienced accountants on Amanda's team are suffering from:

Causes of information overload include:

Consider the following short case as you respond to the question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure.She is responsible for audits of independent bookstores in California, Nevada and Arizona.Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing.She therefore wants to create a knowledge management system.Amanda's goal of creating a knowledge management system has helped to:

Call suggested seven steps for creating a knowledge management system.How are those seven steps similar to the COSO internal control framework?

Time-series forecasting is an example of ___ analytics.

Consider the following independent situations as you answer the questions: A.Irene, a freshman accounting major, thought she would benefit from reading an intermediate accounting text while taking introductory financial accounting. B.Bradley developed a plan to study for all four parts of the CPA exam during his last semester at college, thus making himself ready to take the exam immediately after graduation. C.Jorge met weekly with a group of five students, all of whom were preparing their resume for the very first time. D.Every time Maria encountered a topic she did not understand in her accounting information systems course, she did a Google search for it.Which decision makers are experiencing information overload due to information characteristics?

Consider the following short case as you respond to the question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure.She is responsible for audits of independent bookstores in California, Nevada and Arizona.Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing.She therefore wants to create a knowledge management system.Amanda's staff may be committing relapse errors due to information overload.Which of the following best pairs a cause of information overload with an appropriate countermeasure?