BUS 303 SAYLOR QUESTIONS AND
ANSWERS 2025-2026
Information System - CORRECT ANSWER-An integrated and cooperating set of
software directed information technologies
supporting individual, group, organizational, or societal goals.
SWOT - CORRECT ANSWER-An organization's strengths, weaknesses, opportunities,
and threats. Used to evaluate their business strategy.
Effectiveness - CORRECT ANSWER-"Doing the right thing" A more effective firm can
make better decisions and carry them out more successfully.
Efficiency - CORRECT ANSWER-"Doing things right". Less input effort but same
output, or same amount of input effort producing more output.
Fifth Wave - CORRECT ANSWER-The current state in time where computers are so
fast and so inexpensive that they have become ubiquitous—woven into products in
ways few imagined years before.
Information Technology - CORRECT ANSWER-Hardware, software and
telecommunication equipment that is used to capture, process, store
and distribute information.
Moore's Law - CORRECT ANSWER-Means that next generation chips should be twice
as fast in eighteen months, but cost the same as today's models .
Porter's Five Forces - CORRECT ANSWER-Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry
,affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
Regulatory Compliance - CORRECT ANSWER-An organization's adherence to laws,
regulations, guidelines and specifications relevant to its business.
Return on Investment - CORRECT ANSWER-Measures the amount of return on an
investment, relative to the investment's cost.
(Gain from Investment - Cost of Investment) / Cost of Investment
Data Standardization - CORRECT ANSWER-The critical process of bringing data into a
common format that allows for collaborative research, large-scale analytics, and sharing
of sophisticated tools and methodologies.
Sustained Competitive Advantage - CORRECT ANSWER-A long-term competitive
advantage that is not easily duplicable or surpassable by the competitors.
Business Process - CORRECT ANSWER-A series of tasks that are repeated in order to
produce a measurable output.
Strategic management - CORRECT ANSWER-is concerned with creating the general
framework in which the business process are executed.
Operational management - CORRECT ANSWER-creates the workflow for formalizing
and automating business processes and applying information systems, as appropriate,
to support process execution.
, Administrative management - CORRECT ANSWER-, typically the role of the IS unit, is
responsible for developing the organizational and information systems infrastructure to
support business processes.
Data mart / warehouse - CORRECT ANSWER-Repositories for large amounts of
transactional data awaiting analytics and reporting.
ePK - CORRECT ANSWER-event controlled chain of process diagrams
Business process management - CORRECT ANSWER-This integrates an organization
to make individual processes more efficient and can be used to fix one problem or
create a unifying system to consolidate problems.
Data mining - CORRECT ANSWER-The process of analyzing data warehouses for
information that can be used in management decision making.
Notable applications:
Voice recognition
Classification of DNA sequences
Natural Language processing
Enterprise Resource Planning - CORRECT ANSWER-The true value with this system is
integration between the different systems and different aspects of a company, with
integration between selling, sourcing, producing, delivering, and invoicing.
Business process reengineering - CORRECT ANSWER-The complete and radical
redesign of a business process, which is difficult because of resistance to change, the
expense, and the high probability of failure with the implementation of an entirely new
system.
ANSWERS 2025-2026
Information System - CORRECT ANSWER-An integrated and cooperating set of
software directed information technologies
supporting individual, group, organizational, or societal goals.
SWOT - CORRECT ANSWER-An organization's strengths, weaknesses, opportunities,
and threats. Used to evaluate their business strategy.
Effectiveness - CORRECT ANSWER-"Doing the right thing" A more effective firm can
make better decisions and carry them out more successfully.
Efficiency - CORRECT ANSWER-"Doing things right". Less input effort but same
output, or same amount of input effort producing more output.
Fifth Wave - CORRECT ANSWER-The current state in time where computers are so
fast and so inexpensive that they have become ubiquitous—woven into products in
ways few imagined years before.
Information Technology - CORRECT ANSWER-Hardware, software and
telecommunication equipment that is used to capture, process, store
and distribute information.
Moore's Law - CORRECT ANSWER-Means that next generation chips should be twice
as fast in eighteen months, but cost the same as today's models .
Porter's Five Forces - CORRECT ANSWER-Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry
,affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
Regulatory Compliance - CORRECT ANSWER-An organization's adherence to laws,
regulations, guidelines and specifications relevant to its business.
Return on Investment - CORRECT ANSWER-Measures the amount of return on an
investment, relative to the investment's cost.
(Gain from Investment - Cost of Investment) / Cost of Investment
Data Standardization - CORRECT ANSWER-The critical process of bringing data into a
common format that allows for collaborative research, large-scale analytics, and sharing
of sophisticated tools and methodologies.
Sustained Competitive Advantage - CORRECT ANSWER-A long-term competitive
advantage that is not easily duplicable or surpassable by the competitors.
Business Process - CORRECT ANSWER-A series of tasks that are repeated in order to
produce a measurable output.
Strategic management - CORRECT ANSWER-is concerned with creating the general
framework in which the business process are executed.
Operational management - CORRECT ANSWER-creates the workflow for formalizing
and automating business processes and applying information systems, as appropriate,
to support process execution.
, Administrative management - CORRECT ANSWER-, typically the role of the IS unit, is
responsible for developing the organizational and information systems infrastructure to
support business processes.
Data mart / warehouse - CORRECT ANSWER-Repositories for large amounts of
transactional data awaiting analytics and reporting.
ePK - CORRECT ANSWER-event controlled chain of process diagrams
Business process management - CORRECT ANSWER-This integrates an organization
to make individual processes more efficient and can be used to fix one problem or
create a unifying system to consolidate problems.
Data mining - CORRECT ANSWER-The process of analyzing data warehouses for
information that can be used in management decision making.
Notable applications:
Voice recognition
Classification of DNA sequences
Natural Language processing
Enterprise Resource Planning - CORRECT ANSWER-The true value with this system is
integration between the different systems and different aspects of a company, with
integration between selling, sourcing, producing, delivering, and invoicing.
Business process reengineering - CORRECT ANSWER-The complete and radical
redesign of a business process, which is difficult because of resistance to change, the
expense, and the high probability of failure with the implementation of an entirely new
system.
