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SDS Governance, ethics and storytelling

Written by Saad Rahman (ACCA)

7 ACCA New at Strategic Professional level questions with answers and explanations.

Printable worksheet with answer key

All questions with answers
  1. A credit scoring model is accurate overall but declines applications from one group at a much higher rate for reasons unrelated to risk. The main issue is:

    • 1 Speed
    • 2 Storage
    • 3 Accuracy
    • 4 Bias and fairness
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    Correct answer: Bias and fairness

    Models must be tested for discriminatory effects.

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  2. Explainability of a model is most important when:

    • 1 No one uses the output
    • 2 The model is for a game
    • 3 The data is small
    • 4 Decisions affect individuals and must be justified
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    Correct answer: Decisions affect individuals and must be justified

    People affected by decisions have a right to understand them in many settings.

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  3. Which chart is generally best for showing a trend over time?

    • 1 3D bar chart
    • 2 Line chart
    • 3 Pie chart
    • 4 Scatter plot of unrelated data
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    Correct answer: Line chart

    Lines show direction and change across time periods.

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  4. When explaining uncertainty to a non-technical board, it is best to:

    • 1 Use only a single number
    • 2 Hide the uncertainty
    • 3 Give a range and describe the chance of outcomes in plain words
    • 4 Use technical terms only
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    Correct answer: Give a range and describe the chance of outcomes in plain words

    Honest communication of uncertainty supports good decisions.

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  5. A model inventory records:

    • 1 The passwords of staff
    • 2 The share price
    • 3 The models in use, their owners, purpose and validation status
    • 4 The office layout
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    Correct answer: The models in use, their owners, purpose and validation status

    It supports governance and oversight of models.

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  6. Under privacy principles for data science, personal data should be:

    • 1 Kept forever
    • 2 Used for any purpose
    • 3 Shared with any party
    • 4 Collected for a clear purpose and kept secure, using only what is necessary
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    Correct answer: Collected for a clear purpose and kept secure, using only what is necessary

    Minimisation and purpose limitation are common principles.

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  7. A chart's vertical axis starts at 90 instead of 0 to make small differences look large. This is a concern about:

    • 1 Misleading presentation
    • 2 Encryption
    • 3 Model drift
    • 4 Data quality
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    Correct answer: Misleading presentation

    Honest scales are part of professional data storytelling.

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