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6 incorrect (60%)
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The correct answer for each question is indicated by a .

1 CORRECT A subset of a data warehouse for a specific purpose is called a:

A) Small Data Warehouse

B) Data Mart

C) Data Convenience Store

D) Business Intelligence
Feedback: A datamart is defined as a subset of the information from the data warehouse
to serve a specific purpose.
2 A data warehouse may include a:
INCORRECT
A) Digital Dashboard.

B) XBRL style sheet.

C) General Economic Information.

D) iPads and iPhones.

Feedback: Data warehouse are a collection of information gathered from an assortment
of external and operational (i.e, internal) databases to facilitate reporting for decision
making and business analysis. An example of an external database in a data warehouse
might include general economic information.
3 CORRECT Ebay may use business intelligence to:

A) Track the cost of iPhones on its website.

B) Monitor the price of iPads at Amazon.

C) Track the cost of their airplane fuel.

D) Monitor prices on competitive routes.

Feedback: Ebay might use business intelligence by monitoring the price of iPads at its
competitor, in order to make sure its iPads are priced appropriately at Ebay. Business
intelligence is defined as a computer-based technique for accumulating and analyzing
data from databases and data warehouses to support managerial decision making.
4 The computer-based technique to provide real-time information on business processes is
INCORRECT called:
A) Business intelligence.

B) Data Warehouse.

C) Digital Dashboard.

D) XBRL.
Feedback: Ebay might use business intelligence by monitoring the price of iPads at its
competitor, in order to make sure its iPads are priced appropriately at Ebay. Business
intelligence is defined as a computer-based technique for accumulating and analyzing
data from databases and data warehouses to support managerial decision making.
5 CORRECT Internal Databases that might be included in a data warehouse would not include:

A) General Ledger

B) Competitor Information

C) Sales Information

D) Purchases Information
Feedback: Data warehouse are a collection of information gathered from an assortment
of external and operational (i.e, internal) databases to facilitate reporting for decision
making and business analysis. An example of an external database in a data warehouse
might include competitor information.

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Online Quiz http://highered.mheducation.com/sites/0078025494/student_view0/chap...

6 Which group required the use of XBRL by all of its members?

INCORRECT
A) NASDAQ

B) NASCAR

C) SEC

D) IRS
Feedback: In February 2009, the U.S. Securities and Exchange commission passed a
new rule titled "Interactive Data to Improve Financial Reporting" which required all
large domestic and foreign accelerated filers to begin formatting their financial
statements using XBRL
7 CORRECT XBRL stands for

A) XML Business Reporting Language.

B) eXtensible Business Reporting Language.

C) eXcellent Business Reporting Language.

D) eXcellent Business Reporting and Languages.

Feedback: XBRL stands for eXtensible Business Reporting Language.
8 XBRL Instance Documents include:
INCORRECT
A) Underlying technical details of XBRL.

B) Presentation elements of XBRL.

C) Definitions of each key data element of XBRL.

D) Document containing XBRL elements.

Feedback: An XBRL instance document is a document containing XBRL elements.
9 XBRL style sheets:
INCORRECT
A) Add presentation elements to instance documents.

B) Add stylized notation to instance documents.

C) Provide technical data to pull appropriate data elements.

D) Provide the appropriate XBRL taxonomy to the instance documents.

Feedback: An XBRL Style Sheet adds presentation elements to the XBRL instance
documents to make them readable by humans
10 The stated advantages of XBRL GL do not include:
INCORRECT
A) Reporting independence

B) System independence

C) Neutrality

D) Flexibility
Feedback: Advantages of XBRL include being reporting independent, system
independent, permitting consolidation and providing flexibility.

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