Data Accuracy and Data Consistency CT-FT Practice Questions (Page 3)

Questions 11–15

1. 11foundation · easy

   Which data management practice helps maintain data accuracy?

   • AImplementing data validation rules at the point of entry.
   • BDeleting historical data to reduce storage costs.
   • CStoring data in multiple formats to increase flexibility.
   • DAllowing users to edit data without restrictions.
   Reveal Solution Discussion Select an answer first
2. 12application · medium

   A test team is validating a new tax calculation module. They have a set of test cases with known inputs and expected tax amounts. After running the tests, they compare the actual output to the expected output. This is an example of which data accuracy testing technique?

   • ACross-system comparison between the tax module and the general ledger.
   • BData validation against a known set of expected results.
   • CReferential integrity check on the tax rate table.
   • DA completeness check to ensure all tax records are present.
   Reveal Solution Discussion Select an answer first
4. 13foundation · easy

   Which of the following is a financial impact of inconsistent data?

   • AImproved customer trust because data is checked across systems.
   • BLower regulatory risk because multiple systems provide a safety net.
   • CIncreased operational costs due to manual effort to reconcile and correct data.
   • DDecreased storage costs because data is duplicated.
   Reveal Solution Discussion Select an answer first
5. 14application · medium

   A financial analyst is reviewing a report generated from a data warehouse. The report shows a total revenue of $1,000,000, but the sum of the individual transactions in the source system is $1,000,050. The analyst suspects a data accuracy issue. Which of the following is the MOST LIKELY source of this inaccuracy?

   • AA lack of data governance policies for the warehouse.
   • BA timeliness issue where the warehouse is not updated with the latest transactions.
   • CA rounding error during the ETL process that aggregates transaction data.
   • DA data consistency issue between the warehouse and the source system.
   Reveal Solution Discussion Select an answer first
6. 15foundation · easy

   How does data timeliness relate to data accuracy and consistency?

   • ATimeliness is unrelated to accuracy and consistency; they are independent dimensions.
   • BTimeliness is more important than accuracy and consistency; accurate data can be outdated.
   • CTimeliness ensures data is up-to-date, which is necessary for accuracy and consistency to be meaningful.
   • DTimeliness is a measure of how quickly data can be accessed, not related to data quality.
   Reveal Solution Discussion Select an answer first