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ISA 235 Exam Question and answers 100% correct

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ISA 235 Exam Question and answers 100% correct ISA 235 Exam #1 (Chapters 1-4) fact - correct answer the confirmation or validation of an event or object information age - correct answer the present time, during which infinite quantities of facts are widely available to anyone who can u...

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  • November 8, 2024
  • 34
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • isa 235 exam question and answers 100 correct

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ISA 235 Exam #1 (Chapters 1-4)
fact - correct answer ✔the confirmation or validation of an event or object


information age - correct answer ✔the present time, during which infinite
quantities of facts are widely available to anyone who can use a computer


Examples of coupling the power of the information age with traditional
business methods - correct answer ✔Amazon, Netflix, Zappos


Internet of Things (IoT) - correct answer ✔a world where interconnected,
Internet- enabled devices or "things" can collect and share data without
human intervention


machine-to-machine (M2M) - correct answer ✔devices that connect directly
to other devices


4 Core Drivers of the Information Age - correct answer ✔-Data
-Information
-Business Intelligence
-Knowledge


data - correct answer ✔raw facts that describe the characteristics of an event
or object


examples of data - correct answer ✔-Order Date
-Amount Sold
-Customer Number

,-Quantity Ordered


structured data - correct answer ✔data that has a defined length, type, and
format and includes numbers, dates, and strings such as Customer address


machine-generated data - correct answer ✔data created by a machine
WITHOUT human intervention
Includes:
-sensor data
- point of scale data
- web log data


human-generated data - correct answer ✔data that humans, in interaction
with computers,
Includes:
-input data
-click stream data
-gaming data


unstructured data - correct answer ✔data that is not defined and does not
follow a specified format and is typically free-form text such as emails, tweets,
and texts
-makes up about 80% of data around us


Sources of Unstructured data - correct answer ✔Machine Generated
Unstructured Data
-satellite images, scientific atmosphere, radar
Human Generated Unstructured Data

,-texts, social media, emails


big data - correct answer ✔collection of large, complex data sets that cannot
be analyzed using traditional database methods and tools
-includes both structured and unstructured data


snapshot - correct answer ✔view of data at a particular moment in time


information - correct answer ✔data converted into a meaningful and useful
context


examples of information - correct answer ✔-Best Selling Product
-Best Customer
-Worst Selling Product
-Worst Customer


report - correct answer ✔document containing data organized in a table,
matrix, or graphical format allowing users to easily comprehend and
understand information


static report - correct answer ✔report created once based on data that does
not change
Examples:
-sales report from last year
-salary report from five years ago


dynamic report - correct answer ✔report that changes automatically during
creation

, Examples:
-updating daily stock market prices
-calculation of available inventory


variable - correct answer ✔data characteristic that stands for a value that
changes or varies over time


Results of changing a variable - correct answer ✔-able to create hypothetical
scenarios to study future possibilities
-anticipate how sales or cost increases
-how increase in costs improve profits


business intelligence - correct answer ✔information collected from multiple
sources such as suppliers, customers, competitors, partners, and industries
that analyzes patterns, trends, and relationships for strategic decision making


examples of BI - correct answer ✔-lowest sales per week compared with the
economic interest rates
-best selling product by month compared to sports seasons and city team
wins/losses


What does business intelligence manipulate? - correct answer ✔-
manipulates multiple variables including items like interest rates, weather
conditions, and gas prices


analytics - correct answer ✔science of fact-based decision making


predictive analytics - correct answer ✔extracts information from data and
uses it to predict future trends and identify behavioral patterns

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