1. Data analysis always involves the use of quantitative methods.
a. True
b. False

2. Quantitative data include the number of interviews conducted and how something looks.
a. True
b. False

3.. Each of the following is an example of quantitative data except:
a. Net income for the period ended 12/ 31/ 2013
b. Number of home sales this year in Columbus, Ohio
c. The ages of students in your forensic accounting class
d. The color of the walls in your classroom
e. The speed with which a repetitive task is completed

4. Quantitative data are not subject to limitations and al-ways reflect the truth.
a. True
b. False

5. The process of taking a set of information and breaking it down into manageable pieces is known as:
a. Data transmutation
b. Parsing the data
c. Data analysis
d. Data manipulation

6. Without sufficient facts or data, the application of reliable principles and methods is of little or no value.
a. True
b. False

7. The threshold of data sufficiency is related to each of the following except:
a. The standard of proof
b. The nature of an engagement
c. The availability of data
d. All of the above are related to the sufficiency of data

8. An instrument that creates leverage in processing, understanding, and/ or illustrating data is called a:
a. Technique
b. Method
c. Tool
d. Process

9. A _____ determines what data are processed and how they are processed:
a. Technique
b. Method
c. Tool
d. Process

10. A particular approach for applying a tool or method in a specific situation is called a:
a. Technique
b. Method
c. Tool
d. Process