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ISA 235 Final Exam Gowins Question and answers 100% correct

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ISA 235 Final Exam Gowins Question and answers 100% correct ISA 235 Final Exam Gowins Data - correct answer Raw facts that describe the characteristics of an event or object Structured Data - correct answer Stored in traditional system such as a relational data base or spreadsheet Uns...

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  • November 8, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ISA 235
  • ISA 235

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ISA 235 Final Exam Gowins
Data - correct answer ✔Raw facts that describe the characteristics of an
event or object


Structured Data - correct answer ✔Stored in traditional system such as a
relational data base or spreadsheet


Unstructured Data - correct answer ✔Not defined and does not follow
specific format


Big Data - correct answer ✔Collection of large, complex data sets including
structured and unstructured data.


Information - correct answer ✔Data converted into meaningful and useful
context


Business Intelligence (BI) - correct answer ✔Information collected from
multiple sources such as suppliers, customers, competitors, partners, and
industries that analyze trends and relationship decision making.


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


The Functional Structure - correct answer ✔Business processes are CROSS
FUNCTIONAL (no group is solely responsible for the execution

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


Porter's 5 Forces - correct answer ✔-Supplier power (influence the prices
they charge for supplies)


-Threat of substitute products and services (high when there are many
alternatives)


-Buyers Power (ability of buyers affect price of item)


-Threat of new entrants (High when easy for new competitors to enter market)


Choosing a business process - correct answer ✔-COST LEADERSHIP (low
cost broad market)


-DIFFERENTIATION (high cost broad market)


-FOCUSED STRATEGY (narrow market)


SWOT annalysis - correct answer ✔analysis evaluates an orgs strengths,
weaknesses, opportunities, an treats to identify significant influences that work
for or against business strategies.


MIS - correct answer ✔a business FUNCTION, like accounting and hr, which
moves info about people, products, and processes across the company to
facilitate decision making and problem solving.

,Business Strategy - correct answer ✔a leadership plan that achieves a
specific set of goals and objectives.


ex; developing new products


**SWOT, PORTERS 5 FORCES, VALUE CHAIN


What is an information system - correct answer ✔hardware
software
data
procedures
people (interact to produce info)


IT Organization and it's role - correct answer ✔The backbone of business
functions


ORGS - correct answer ✔evaluate, build strategy, and execute


Value Chain Analysis - correct answer ✔Views a firm as a series of business
processes that each add value to product or service


Business Process - correct answer ✔A standardized set of activities that
accomplish a specific task, such as a specific process.


Value Chain Primary Activities - correct answer ✔how and where IT/IS can
provide support


*BUY MAKE SELL

, -inbound logistics
-opperations
-outbound logistics
-marketing
-service


Value Chain Support Activities - correct answer ✔-firm infrastructure
-hr
-technology (MIS)
-procurement


Internet of things - correct answer ✔Use of the internet to connect a wide
variety of devices, machines, and sensors


Analytics - correct answer ✔The science of fact based decision making


CIO - correct answer ✔Oversees all uses of IT and ensures the strategic
alignment of IT with business goals and objectives


Operational Decision Making - correct answer ✔employees develop, control,
and maintain core business activities required to run the day to day
operations.


*STRUCTURED


Marginal Decision Making - correct answer ✔employees evaluate company
operations to identify, adapt to, and leverage change

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