Question: Big Data is often described by the three Vs, or

1. Volume, velocity, and variability.

2. b. Volume, velocity, and variety.

3. c. Volume, volatility, and variability.

4. d. Variability, velocity, and variety

5. Answer: b. Volume, velocity, and variety.

6. Question: Which of these terms is defined as being a central repository of descriptions for all of the data attributes of the dataset?

7. a. Big Data

8. b. Data warehouse

9. c. Data dictionary

10. d. Data Analytics

11. Answer: c. Data dictionary

12. Question: Which skills were not emphasized that analytic-minded accountants should have?

13. a. Develop an analytics mindset

14. b. Data scrubbing and data preparation

15. c. Classification of test approaches

16. d. Define and address problems through statistical data analysis.

17. Answer: c. Classification of test approaches

18. Question: Which skills were not emphasized that analytic-minded accountants should have?

19. a. Data quality

20. b. Descriptive data analysis

21. c. Data visualization

22. d. Data and systems analysis and design

23. Answer: d. Data and systems analysis and design

24. Question: The IMPACT cycle includes all except the following process:

25. a. Visualize the data.

26. b. Identify the questions.

27. c. Master the data.

28. d. Track outcomes

29. Answer: a. Visualize the data.