Information Systems Strategy
Describe four (4) ways IS can help organisations develop a competitive advantage? - correct
answer-1) Reduce Cost
2) Enhance or improve products
3) Lock in suppliers
4) Lock out competitors
What are three (3) global challenges and limitations of technology? - correct answer-1) Local
practices
2) Design differences
3) Political, legal, and human resources factors
Discuss the role of the Chief Information Officer (CIO) - correct answer-1) Oversees the use
of information technology functions
2) Takes responsibility for strategic IS planning
3) Takes responsibility for ensuring that all IS plans, systems, and operations support the
overall strategy
4) acts as the major link betweek vendors and partner
What is cloud computing? - correct answer-A model of computing in which firms and
individuals obtain computing power and software applications over the Internet, rather than
purchasing their own hardware and software.
What does Moore's Law describe? - correct answer-The pace of change in hardware
development
1) power of microprocessors doubles every 18 months
2) computing power doubles every 18 months
3) price of computing falls by half every 18 months
What are three main competency areas for CGA's? - correct answer-1) Leadership
2) Professionalism
3) Professional knowledge
What does IT governance specify? - correct answer-The assignment of decision rights and
an accountability framework to ensure that IT/IS supports the organization's strategies and
objectives.
What is COBIT? - correct answer-COBIT (Control Objectives for Information and Related
Technology) is the framework developed by the Information Systems Audit and Control
Association (ISACA). COBIT is a series of components that assist organizations to increase
regulatory compliance and control over IT, integrate global IT standards, and reduce
business risks.
, What are five key components of COBIT? - correct answer-1) Framework to organize IT
governance practices by process and then link them to the actual business needs of the
organization
2)Mapping of business process descriptions and templates
3) Control objectives that support effective security and control over IT processes
4) Guidelines to maintain focus on objectives, performance measures, and the integration of
IT governance measures with other areas of governance
5) Maturity models to support process benchmarking and continuous improvement
What is COSO? - correct answer-COSO (The Committee of Sponsoring Organizations of the
Treadway Commission) is a framework that provides executive management the ability to
assess and enhance internal controls in order to improve risk management.
What are the five (5) key framework components of COSO? - correct answer-The control
environment that establishes the processes for managing and developing employees in an
organization.
The control activities that are directives to ensure management policies and procedures are
followed.
Information and communications policies developed to ensure governance compliance.
Risks assessments from both internal and external sources including objectives to manage
the risks.
What are five (5) broad classes of IT decisions made within companies? - correct answer-1)
IT infrastructure
2) IT principles
3) IT architecture
4) Business application needs
5) IT investment
What are six (6) frameworks used to make IT decisions? - correct answer-1) Business
monarchy
2) IT monarchy
3) Duopoly
4) Federal
5) Feudal
6) Anarchy
What is open source software? - correct answer-Software that provides free access to its
program code, allowing users to modify the program code to make improvements or fix
errors.
In order for data to be useful for an organization, what elements must be present? - correct
answer-1) must be presented in a meaningful format
2) be available to the people who need it
Describe four (4) ways IS can help organisations develop a competitive advantage? - correct
answer-1) Reduce Cost
2) Enhance or improve products
3) Lock in suppliers
4) Lock out competitors
What are three (3) global challenges and limitations of technology? - correct answer-1) Local
practices
2) Design differences
3) Political, legal, and human resources factors
Discuss the role of the Chief Information Officer (CIO) - correct answer-1) Oversees the use
of information technology functions
2) Takes responsibility for strategic IS planning
3) Takes responsibility for ensuring that all IS plans, systems, and operations support the
overall strategy
4) acts as the major link betweek vendors and partner
What is cloud computing? - correct answer-A model of computing in which firms and
individuals obtain computing power and software applications over the Internet, rather than
purchasing their own hardware and software.
What does Moore's Law describe? - correct answer-The pace of change in hardware
development
1) power of microprocessors doubles every 18 months
2) computing power doubles every 18 months
3) price of computing falls by half every 18 months
What are three main competency areas for CGA's? - correct answer-1) Leadership
2) Professionalism
3) Professional knowledge
What does IT governance specify? - correct answer-The assignment of decision rights and
an accountability framework to ensure that IT/IS supports the organization's strategies and
objectives.
What is COBIT? - correct answer-COBIT (Control Objectives for Information and Related
Technology) is the framework developed by the Information Systems Audit and Control
Association (ISACA). COBIT is a series of components that assist organizations to increase
regulatory compliance and control over IT, integrate global IT standards, and reduce
business risks.
, What are five key components of COBIT? - correct answer-1) Framework to organize IT
governance practices by process and then link them to the actual business needs of the
organization
2)Mapping of business process descriptions and templates
3) Control objectives that support effective security and control over IT processes
4) Guidelines to maintain focus on objectives, performance measures, and the integration of
IT governance measures with other areas of governance
5) Maturity models to support process benchmarking and continuous improvement
What is COSO? - correct answer-COSO (The Committee of Sponsoring Organizations of the
Treadway Commission) is a framework that provides executive management the ability to
assess and enhance internal controls in order to improve risk management.
What are the five (5) key framework components of COSO? - correct answer-The control
environment that establishes the processes for managing and developing employees in an
organization.
The control activities that are directives to ensure management policies and procedures are
followed.
Information and communications policies developed to ensure governance compliance.
Risks assessments from both internal and external sources including objectives to manage
the risks.
What are five (5) broad classes of IT decisions made within companies? - correct answer-1)
IT infrastructure
2) IT principles
3) IT architecture
4) Business application needs
5) IT investment
What are six (6) frameworks used to make IT decisions? - correct answer-1) Business
monarchy
2) IT monarchy
3) Duopoly
4) Federal
5) Feudal
6) Anarchy
What is open source software? - correct answer-Software that provides free access to its
program code, allowing users to modify the program code to make improvements or fix
errors.
In order for data to be useful for an organization, what elements must be present? - correct
answer-1) must be presented in a meaningful format
2) be available to the people who need it
