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For each of the following data and analyses objectives. Identity the data measurement scale that would be utilized. Identity one practice area that is likely
For each of the following data and analyses objectives.
- Identity the data measurement scale that would be utilized.
- Identity one practice area that is likely to perform the analysis.
Some of the options have more than one correct answer for both (1) and (2), but only enter one correct answer for each.
Data Measurement Scales: categorial, ordinal, interval, ratio
Practice Areas: Accounting information systems, Auditing, Financial Accounting, Managerial Accounting, Tax Accounting.
Objective | Measurement Scale | Practice Area |
Aging of accounts receivable's year-end open invoices on days outstanding. | ||
Predicting cost savings and productivity increases from new AIS investments. | ||
Creating dollar value stratified sampling plans for investment asset accounts. | ||
Evaluating web server security incidents by type of incident. | ||
Prescribing product revenue increases by product from marketing campaigns. | ||
Predicting future cash flows from operations. | ||
Calculating before and after process improvements from system investments. | ||
Testing different tax planning strategies by evaluating future cash savings. | ||
Estimating inventory counts at year-end by sampling a few of the stores and making population inferences. | ||
Testing approvals and documentation for transaction authorization. |
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