30 May ACC 340 Week 4 Connect Knowledge Check NEW
Investments in business analytics systems support the balanced scorecard management process during the Link to Operations step.
True
False
2.
The process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known is called:
Data Warehouse
Business Intelligence
Data Mining
Data Mart
3.
Which of the following is not a value proposition characteristic expected to influence customer value?
Product attributes
Image
Relationship
Innovation
4.
Since both are regulators, the SEC and the IRS will likely have similar XBRL style sheets for the various XBRL filings.
True
False
5.
XBRL GL (also known as XBRL Global Ledger Taxonomy) serves as a means to facilitate efficient communication within a firm.
True
False
6.
Network IT changes the way that work if performed and decisions are made.
True
False
7.
Which of the following is not a step in the balanced scorecard management process?
Adapt
Invest
Monitor
Translate
8.
In February 2009, the _____________ passed the rule requiring all large domestic firms to begin formatting their financial statements using XBRL.
Financial Accounting Standards Board
American Institute of Certified Public Accountants
International Accounting Standards Board
Securities and Exchange Commission
9.
XBRL assurance is generally expected to include:
The most current, standardized XBRL taxonomy is used.
The underlying financial and nonfinancial data that is used in XBRL tagging is reliable.
The XBRL tagging is accurate and complete.
The reports include all relevant financial and nonfinancial information.
10.
Which of the following is the best description of the Link to Operations step in the balanced scorecard management process?
The company examines the competitive environment.
The company establishes objectives, measures, targets, and initiatives.
The company prepares operating budgets and prioritizes business process improvements.
The company evaluates the effectiveness of its strategy.
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