ISA 235 Exam 1 Miami University 2025 Latest Examination Questions
with Verified A+ answers. A blueprint to A+ success.
Business Process Is an activity or set of activities that accomplish a specific organizational goal.
- competitive rivalry, new entrants, power of buyers, power of
Porter 5 forces suppliers and threat of substitutes.
- assess the potential for profitability in an industry.
- cost, differentiation, and focus
3 strategies of porter - Generic business strategies that are neither organization nor
industry specific and can be applied to any business, product,
or service.
- 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
Value Chain: Primary v Support after-sales services.
activities - support value activities Found along 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.
- tool for determining how to create the greatest possible value for
customer
Evaluates an organization's strengths, weaknesses,
SWOT analysis
opportunities, and threats to identify significant influences
that work for or against business strategies.
Occurs when one business unit is unable to freely communicate
Information Silo
with other business units, making it difficult or impossible for
organizations to work cross-functionally.
- A collection of large, complex data sets, including structured
Big data and unstructured data, which cannot be analyzed using
traditional database methods and tools.
- The four common traits are variety, veracity, volume, and velocity.
Algorithms Mathematical formulas placed in software that performs an analysis on a data
set.
A world where interconnected, Internet-enabled devices or
Internet of things (IoT)
"things" can collect and share data without human
intervention.
Data Raw facts that describe the characteristics of an event or object.
, Analytics The science of fact-based decision making.
Business Analytics (BA) The scientific process of transforming data into insight for making better
decisions.
- A way of monitoring the entire system by viewing multiple
inputs being processed or transformed to produce outputs
Systems Thinking
while continuously gathering feedback on each part.
- Input > Process > Output > Feedback
System A collection of parts that link to achieve a common purpose.
Core drivers of the information Data, business intelligence, information, and knowledge.
age
Information Data converted into a meaningful and useful context.
Information collected from multiple sources such as suppliers, customers,
Business Intelligence (BI) competitors, partners, and industries that analyze patterns,
trends, and relationships for strategic decision making.
Skills, experience, and expertise coupled with information and
Knowledge
intelligence that creates a person's intellectual resources.
A business function, like accounting and human resources, which
Management Information System moves information about people, products, and processes
(MIS)
across the company to facilitate decision making and problem
solving.
with Verified A+ answers. A blueprint to A+ success.
Business Process Is an activity or set of activities that accomplish a specific organizational goal.
- competitive rivalry, new entrants, power of buyers, power of
Porter 5 forces suppliers and threat of substitutes.
- assess the potential for profitability in an industry.
- cost, differentiation, and focus
3 strategies of porter - Generic business strategies that are neither organization nor
industry specific and can be applied to any business, product,
or service.
- 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
Value Chain: Primary v Support after-sales services.
activities - support value activities Found along 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.
- tool for determining how to create the greatest possible value for
customer
Evaluates an organization's strengths, weaknesses,
SWOT analysis
opportunities, and threats to identify significant influences
that work for or against business strategies.
Occurs when one business unit is unable to freely communicate
Information Silo
with other business units, making it difficult or impossible for
organizations to work cross-functionally.
- A collection of large, complex data sets, including structured
Big data and unstructured data, which cannot be analyzed using
traditional database methods and tools.
- The four common traits are variety, veracity, volume, and velocity.
Algorithms Mathematical formulas placed in software that performs an analysis on a data
set.
A world where interconnected, Internet-enabled devices or
Internet of things (IoT)
"things" can collect and share data without human
intervention.
Data Raw facts that describe the characteristics of an event or object.
, Analytics The science of fact-based decision making.
Business Analytics (BA) The scientific process of transforming data into insight for making better
decisions.
- A way of monitoring the entire system by viewing multiple
inputs being processed or transformed to produce outputs
Systems Thinking
while continuously gathering feedback on each part.
- Input > Process > Output > Feedback
System A collection of parts that link to achieve a common purpose.
Core drivers of the information Data, business intelligence, information, and knowledge.
age
Information Data converted into a meaningful and useful context.
Information collected from multiple sources such as suppliers, customers,
Business Intelligence (BI) competitors, partners, and industries that analyze patterns,
trends, and relationships for strategic decision making.
Skills, experience, and expertise coupled with information and
Knowledge
intelligence that creates a person's intellectual resources.
A business function, like accounting and human resources, which
Management Information System moves information about people, products, and processes
(MIS)
across the company to facilitate decision making and problem
solving.
