ISA 235 Exam 1 Questions With 100%
Pass
/. information Age - Answer-✅The present time, during which infinite quantities of facts
are widely available to anyone who can use a computer
/.IT spending - Answer-✅IT spending as a percentage of revenue is a key metric that
most organizations use to calculate their IT spending levels.
/.Internet of Things (IoT) - Answer-✅A world where interconnected, internet-enabled
devices or "things" can collect and share data without human intervention.
/.Big Data - Answer-✅A collection of large, complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods and
tools.
/.4 Characteristics of Big Data - Answer-✅Variety, Veracity, Volume, and velocity
/.Structured Data - Answer-✅Data that has a defined length, type, and format and
includes numbers, dates, or strings such as Customer Address.
/.Unstructured Data - Answer-✅Data that is not defined and does not follow a specified
format and is typically free-form text such as emails, tweets, and text messages.
/.Machine-generated data - Answer-✅Data created by a machine without human
intervention.
/.Human-generated data - Answer-✅Data that humans, in interactions with computers,
generate.
/.data - Answer-✅Raw facts that describe the characteristics of an event or object.
/.Information - Answer-✅Data converted into a meaningful and useful context.
/.Business intelligence - Answer-✅Information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyze patterns,
trends, and relationships for strategic decision making.
, /.knowledge - Answer-✅Skills, experience, and expertise coupled with information and
intelligence that creates a person's intellectual resources.
/.system - Answer-✅A collection of parts that link to achieve a common purpose.
/.systems thinking - Answer-✅A way of monitoring the entire system by viewing multiple
inputs being processed or transformed to produce outputs while continuously gathering
feedback on each part.
/.Output - Answer-✅Data that has been processed into a useful format.
/.competitive advantage - Answer-✅a set of unique features of a company and its
products that are perceived by the target market as significant and superior to those of
the competition.
/.SWOT analysis (evaluation) - Answer-✅Evaluates an organization's strengths,
weaknesses, opportunities, and threats to identify significant influences that work for or
against business strategies.
/.Porter's Five Forces model (evaluation) - Answer-✅A model for analyzing the
competitive forces within the environment in which a company operates, to asses the
potential for profitability in an industry.
/.Switching costs - Answer-✅costs that make customers reluctant to switch to another
product or service.
/.Porter's three generic strategies (set strategy) - Answer-✅Generic business strategies
that are neither organization nor industry specific and can be applied to any business,
product, or service.
/.Value chain analysis (strategy execution) - Answer-✅Views a firm as a series of
business processes that each add value to the product or service.
/.Primary and support value activities - Answer-✅Primary Value activities: Found at the
bottom of the value chain, these include business processes that acquire raw materials
and manufacture, deliver, market, sell, and provide after-sales services.
Support Value activities: Found at the top of the value chain and includes business
processes, such as firm infrastructure, human resource management, technology
development, and procurement, that support the primary value activities.
/.End of Chapter 1 - Answer-✅3 more to go
Pass
/. information Age - Answer-✅The present time, during which infinite quantities of facts
are widely available to anyone who can use a computer
/.IT spending - Answer-✅IT spending as a percentage of revenue is a key metric that
most organizations use to calculate their IT spending levels.
/.Internet of Things (IoT) - Answer-✅A world where interconnected, internet-enabled
devices or "things" can collect and share data without human intervention.
/.Big Data - Answer-✅A collection of large, complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods and
tools.
/.4 Characteristics of Big Data - Answer-✅Variety, Veracity, Volume, and velocity
/.Structured Data - Answer-✅Data that has a defined length, type, and format and
includes numbers, dates, or strings such as Customer Address.
/.Unstructured Data - Answer-✅Data that is not defined and does not follow a specified
format and is typically free-form text such as emails, tweets, and text messages.
/.Machine-generated data - Answer-✅Data created by a machine without human
intervention.
/.Human-generated data - Answer-✅Data that humans, in interactions with computers,
generate.
/.data - Answer-✅Raw facts that describe the characteristics of an event or object.
/.Information - Answer-✅Data converted into a meaningful and useful context.
/.Business intelligence - Answer-✅Information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyze patterns,
trends, and relationships for strategic decision making.
, /.knowledge - Answer-✅Skills, experience, and expertise coupled with information and
intelligence that creates a person's intellectual resources.
/.system - Answer-✅A collection of parts that link to achieve a common purpose.
/.systems thinking - Answer-✅A way of monitoring the entire system by viewing multiple
inputs being processed or transformed to produce outputs while continuously gathering
feedback on each part.
/.Output - Answer-✅Data that has been processed into a useful format.
/.competitive advantage - Answer-✅a set of unique features of a company and its
products that are perceived by the target market as significant and superior to those of
the competition.
/.SWOT analysis (evaluation) - Answer-✅Evaluates an organization's strengths,
weaknesses, opportunities, and threats to identify significant influences that work for or
against business strategies.
/.Porter's Five Forces model (evaluation) - Answer-✅A model for analyzing the
competitive forces within the environment in which a company operates, to asses the
potential for profitability in an industry.
/.Switching costs - Answer-✅costs that make customers reluctant to switch to another
product or service.
/.Porter's three generic strategies (set strategy) - Answer-✅Generic business strategies
that are neither organization nor industry specific and can be applied to any business,
product, or service.
/.Value chain analysis (strategy execution) - Answer-✅Views a firm as a series of
business processes that each add value to the product or service.
/.Primary and support value activities - Answer-✅Primary Value activities: Found at the
bottom of the value chain, these include business processes that acquire raw materials
and manufacture, deliver, market, sell, and provide after-sales services.
Support Value activities: Found at the top of the value chain and includes business
processes, such as firm infrastructure, human resource management, technology
development, and procurement, that support the primary value activities.
/.End of Chapter 1 - Answer-✅3 more to go
