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ISA 235 Question and answers 100% correct

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ISA 235 Question and answers 100% correct ISA 235- Exam 1. Chapter 1-4 Vocabulary The information Age: - correct answer The idea that access to and the control of information is the defining characteristic of this current era in human civilization. Big Data: - correct answer A collecti...

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

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  • isa 235 question and answers 100 correct

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ISA 235- Exam 1. Chapter 1-4 Vocabulary
The information Age: - correct answer ✔The idea that access to and the
control of information is the defining characteristic of this current era in human
civilization.


Big Data: - correct answer ✔A collection of large, complex datasets, which
cannot be analyzed using traditional
database methods and tools.


What are the 4 Common Characteristics of Big Data? - correct answer
✔Variety, Veracity, Volume, Velocity


Internet of Things (IoT): - correct answer ✔The network of products
embedded with sensors, software and other technologies for the purpose of
connecting and exchanging data with other devices and systems across the
internet.


(Ex: Smart Phones, Smart Refrigerators, smartwatches etc.)


What are the core drivers of the information age? - correct answer
✔Information, Business Intelligence and Knowledge.


System: - correct answer ✔A collection of parts that link to achieve a
common purpose.


Information Silo: - correct answer ✔Occurs when one business unit is unable
to freely communicate with other business units, making it difficult or
impossible for organizations to work cross-functionally.

, System Thinking: - correct answer ✔A way of monitoring the entire system
by viewing multiple input being processed or transformed to produce outputs
while continuously gathering feedback on each part


Management Information Systems (MIS): - correct answer ✔A business
function, like accounting and human resources, which moves information
about people, products and processes across the company to facilitate
decision making and problem solving.


If one part of the company is experiencing a problem, then the entire system
fails.


Business Strategy: - correct answer ✔is a leadership plan that achieves a
specific set of goals or objectives such as increasing sales, decreasing costs,
entering new markets, or developing new products or services


Competitive Advantage: - correct answer ✔is a feature of a product or
service on which customers place a greater value than they do on similar
offerings from competitors


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


What are Porter's Five Forces Models? - correct answer ✔Bargaining Power
of Suppliers, Threats of New Entrants, Rivalry Among Competitors, Threat of
Substitutes, Bargaining Power to Customers.


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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