370 FINAL EXAM | QUESTIONS AND CORRECT
ANSWERS | 2026 PREP
Data |- |Correct Answer✓✓|raw |facts |that |describe |the |characteristics |of |an
|event |or |object
Fact |- |Correct Answer✓✓|the |confirmation |or |validation |of |an |event
information |age |- |Correct Answer✓✓|the |present |time, |during |which
|infinite |quantities |of |facts |are |widely |available |to |anyone |who |can |use |a
|computer
Core |drivers |of |information |age |- |Correct Answer✓✓|data, |information,
|business |intelligence, |knowledge
information |- |Correct Answer✓✓|data |converted |into |a |meaningful |and
|useful |context
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
knowledge |- |Correct Answer✓✓|skills, |experience, |and |expertise |coupled
|with |information |and |intelligence |that |creates |a |persons |intellectual
|resources
,structured |data |- |Correct Answer✓✓|data |that |has |a |defined |length, |type,
|and |format
unstructured |data |- |Correct Answer✓✓|data |that |is |not |defined |and |does
|not |follow |a |specified |format, |typically |free |format |text |such |as |email
human |generated |data |- |Correct Answer✓✓|data |that |humans, |in
|interaction |with |computers, |generate
machine |generated |data |- |Correct Answer✓✓|created |by |a |machine |without
|human |intervention
predictive |analytics |- |Correct Answer✓✓|extracts |information |from |data
|and |uses |it |to |predict |future |trends |and |identify |behavior |patterns
behavioral |analytics |- |Correct Answer✓✓|uses |data |about |people's
|behaviors |to |understand |intent |and |predict |future |actions
systems |thinking |- |Correct Answer✓✓|a |way |of |monitoring |the |entire
|system |by |viewing |multiple |inputs |being |processed |or |transformed |to
|product |outputs |while |continuously |gathering |feedback |on |each |part
feedback |- |Correct Answer✓✓|information |that |returns |to |its |original
|transmitter |(input, |process, |or |output) |and |modifies |the |transmitters
|actions
productivity |- |Correct Answer✓✓|the |rate |at |which |goods |and |services |are
|produced |based |upon |total |output |given |total |inputs
productivity |= |- |Correct Answer✓✓|output |/ |input
,Accounting |department |- |Correct Answer✓✓|records, |measures, |and
|reports |monetary |transactions
finance |department |- |Correct Answer✓✓|tracks |strategic |financial |issues
|including |money, |banking, |credit, |investments, |and |assets
HR |department |- |Correct Answer✓✓|maintains |policies, |plans, |and
|procedures |for |the |effective |management |of |employees
marketing |department |- |Correct Answer✓✓|supports |sales |by |planning,
|prices, |and |promoting |goods |or |sevices
operations |management |department |- |Correct Answer✓✓|manages |the
|process |of |converting |or |transforming |resources |into |goods |or |services
sales |department |- |Correct Answer✓✓|performs |the |function |of |selling
|goods |or |services
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
stakeholder |- |Correct Answer✓✓|a |person |or |group |that |has |an |interest |or
|concern |in |an |organization
competitive |advantage |- |Correct Answer✓✓|a |product |or |service |that |an
|organizations |customers |place |a |greater |value |on |than |similar |offerings
|from |a |competitor
, first-mover |advantage |- |Correct Answer✓✓|occurs |when |an |organization
|can |significantly |impact |its |market |share |by |being |first |to |market |with |a
|competitive |advantage
swot |analysis |- |Correct Answer✓✓|strength, |weakness, |opportunity,
|threats |whose |purpose |is |to |identify |significant |influences |that |work |for |or
|against |business |strategies
porters |5 |forces |model |- |Correct Answer✓✓|to |evaluate |the
|attractiveness |of |an |industry
buyer |power |- |Correct Answer✓✓|the |ability |of |buyers |to |affect |the |price |of
|an |item
supplier |power |- |Correct Answer✓✓|the |suppliers' |ability |to |influence |the
|prices |they |charge |for |supplies
threat |of |substitute |product |or |services |- |Correct Answer✓✓|strong |when
|there |are |many |alternatives |to |a |product |or |service |and |weak |when |there
|are |few |alternatives
threat |of |new |entrants |- |Correct Answer✓✓|strong |when |it |is |easy |for
|new |competitors |to |enter |a |market |and |weak |when |there |are |significant
|entry |barriers
rivalry |among |existing |competitors |- |Correct Answer✓✓|strong |when
|competition |is |fierce |in |a |market |and |weak |when |competitors |are |more
|complacent
ANSWERS | 2026 PREP
Data |- |Correct Answer✓✓|raw |facts |that |describe |the |characteristics |of |an
|event |or |object
Fact |- |Correct Answer✓✓|the |confirmation |or |validation |of |an |event
information |age |- |Correct Answer✓✓|the |present |time, |during |which
|infinite |quantities |of |facts |are |widely |available |to |anyone |who |can |use |a
|computer
Core |drivers |of |information |age |- |Correct Answer✓✓|data, |information,
|business |intelligence, |knowledge
information |- |Correct Answer✓✓|data |converted |into |a |meaningful |and
|useful |context
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
knowledge |- |Correct Answer✓✓|skills, |experience, |and |expertise |coupled
|with |information |and |intelligence |that |creates |a |persons |intellectual
|resources
,structured |data |- |Correct Answer✓✓|data |that |has |a |defined |length, |type,
|and |format
unstructured |data |- |Correct Answer✓✓|data |that |is |not |defined |and |does
|not |follow |a |specified |format, |typically |free |format |text |such |as |email
human |generated |data |- |Correct Answer✓✓|data |that |humans, |in
|interaction |with |computers, |generate
machine |generated |data |- |Correct Answer✓✓|created |by |a |machine |without
|human |intervention
predictive |analytics |- |Correct Answer✓✓|extracts |information |from |data
|and |uses |it |to |predict |future |trends |and |identify |behavior |patterns
behavioral |analytics |- |Correct Answer✓✓|uses |data |about |people's
|behaviors |to |understand |intent |and |predict |future |actions
systems |thinking |- |Correct Answer✓✓|a |way |of |monitoring |the |entire
|system |by |viewing |multiple |inputs |being |processed |or |transformed |to
|product |outputs |while |continuously |gathering |feedback |on |each |part
feedback |- |Correct Answer✓✓|information |that |returns |to |its |original
|transmitter |(input, |process, |or |output) |and |modifies |the |transmitters
|actions
productivity |- |Correct Answer✓✓|the |rate |at |which |goods |and |services |are
|produced |based |upon |total |output |given |total |inputs
productivity |= |- |Correct Answer✓✓|output |/ |input
,Accounting |department |- |Correct Answer✓✓|records, |measures, |and
|reports |monetary |transactions
finance |department |- |Correct Answer✓✓|tracks |strategic |financial |issues
|including |money, |banking, |credit, |investments, |and |assets
HR |department |- |Correct Answer✓✓|maintains |policies, |plans, |and
|procedures |for |the |effective |management |of |employees
marketing |department |- |Correct Answer✓✓|supports |sales |by |planning,
|prices, |and |promoting |goods |or |sevices
operations |management |department |- |Correct Answer✓✓|manages |the
|process |of |converting |or |transforming |resources |into |goods |or |services
sales |department |- |Correct Answer✓✓|performs |the |function |of |selling
|goods |or |services
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
stakeholder |- |Correct Answer✓✓|a |person |or |group |that |has |an |interest |or
|concern |in |an |organization
competitive |advantage |- |Correct Answer✓✓|a |product |or |service |that |an
|organizations |customers |place |a |greater |value |on |than |similar |offerings
|from |a |competitor
, first-mover |advantage |- |Correct Answer✓✓|occurs |when |an |organization
|can |significantly |impact |its |market |share |by |being |first |to |market |with |a
|competitive |advantage
swot |analysis |- |Correct Answer✓✓|strength, |weakness, |opportunity,
|threats |whose |purpose |is |to |identify |significant |influences |that |work |for |or
|against |business |strategies
porters |5 |forces |model |- |Correct Answer✓✓|to |evaluate |the
|attractiveness |of |an |industry
buyer |power |- |Correct Answer✓✓|the |ability |of |buyers |to |affect |the |price |of
|an |item
supplier |power |- |Correct Answer✓✓|the |suppliers' |ability |to |influence |the
|prices |they |charge |for |supplies
threat |of |substitute |product |or |services |- |Correct Answer✓✓|strong |when
|there |are |many |alternatives |to |a |product |or |service |and |weak |when |there
|are |few |alternatives
threat |of |new |entrants |- |Correct Answer✓✓|strong |when |it |is |easy |for
|new |competitors |to |enter |a |market |and |weak |when |there |are |significant
|entry |barriers
rivalry |among |existing |competitors |- |Correct Answer✓✓|strong |when
|competition |is |fierce |in |a |market |and |weak |when |competitors |are |more
|complacent
