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ISA 235 EXAM 1 Question and answers rated A+

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ISA 235 EXAM 1 Question and answers rated A+ ISA 235 EXAM 1 Internet of Things (IoT) - correct answer a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention knowledge - correct answer Skills, experience, and expertise co...

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  • November 8, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ISA 235
  • ISA 235

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ISA 235 EXAM 1
Internet of Things (IoT) - correct answer ✔a world where interconnected,
Internet-enabled devices or "things" can collect and share data without human
intervention


knowledge - correct answer ✔Skills, experience, and expertise coupled with
information and intelligence that creates a person's intellectual resources


Porter's Five Forces Model - correct answer ✔A model for analyzing the
competitive forces within the environment in which a company operates, to
assess the potential for profitability in an industry.


Value Chain Support Activities - correct answer ✔firm infrastructure, human
resource management, technology development, procurement


Value Chain Primary Activities - correct answer ✔inbound logistics,
operations, outbound logistics, marketing and sales, service


information silo - correct answer ✔the condition that exists when data are
isolated in separated information systems


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


Business Intelligence (BI) - 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

, System - correct answer ✔a collection of parts that link to achieve a common
purpose


Big Data - correct answer ✔a collection of large, complex data sets,
including structured and unstructured data, which cannot be analyzed using
traditional database methods and tools


algorithms - correct answer ✔mathematical formulas placed in software that
performs an analysis on a data set


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


Business Analytics (BA) - correct answer ✔the scientific process of
transforming data into insight for making better decisions


Systems Thinking - correct answer ✔a way of monitoring the entire system
by viewing multiple inputs being processed or transformed to produce outputs
while continuously gathering feedback on each part


SWOT analysis - correct answer ✔evaluates an organization's strengths,
weaknesses, opportunities, and threats to identify significant influences that
work for or against business strategies


Metrics - correct answer ✔Measurements that evaluate results to determine
whether a project is meeting its goals


Business Process - correct answer ✔a standardized set of activities that
accomplish a specific task, such as processing a customer's order

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