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Miami University ISA 235 Final Question and answers correctly solved

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Miami University ISA 235 Final Question and answers correctly solved Miami University ISA 235 Final Internet of things - correct answer A world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Suppo...

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  • November 8, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • miami university isa 235 final
  • miami university isa 235 final question and answer

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Miami University ISA 235 Final
Internet of things - correct answer ✔A world where interconnected, internet-
enabled devices or "things" can collect and share data without human
intervention.


Value Chain: Primary Vs. Support - correct answer ✔Views a firm as a series
of business processes that each add value. Primary: The firm acquiring raw
materials, manufacturing, delivering, marketing and selling. Support: Actual
firm infrastructure such as HR, Management, Tech. Dept.


Data - correct answer ✔Raw facts that describe the characteristics of an
event or object


Information - correct answer ✔Data converted into meaningful and useful
context


Metrics - correct answer ✔Measurements that evaluate results to determine
whether a project is meeting its goals


BI - correct answer ✔Information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyze
patterns, trends, and relationships for strategic decision making


Analytics - correct answer ✔The science of fact based decision making


Knowledge - correct answer ✔Skills, experience, and expertise coupled with
information and intelligence that creates a person's intellectual resources

,System - correct answer ✔a collection of parts that link to achieve a common
purpose


Systems Thinking - correct answer ✔A way of monitoring the entire system
by viewing multiple inputs being processes or transformed to produce outputs
while continuously gathering feedback on each part


Porters 5 forces - correct answer ✔Evaluates 5 forces: Buyer, Supplier,
Threat of New Entrants, Substitute Products/Services, and Rivalry


Porters 3 generic strategies - correct answer ✔Generic business strategies
that are neither organziation nor industry specific and can be applied to an
business, product, or service


CIO - correct answer ✔Responsible for (1) overseas all uses of MIS and (2)
ensuring that MIS strategically aligns with business goals and objectives


SWOT - correct answer ✔Evaluates Strengths (inside), Weaknesses
(inside), Opportunities (outside), and Threats (outside)


Model - correct answer ✔A simplified representation of reality


Transactional Info - correct answer ✔Encompasses all of the info contained
within a single business process or unit of work and its purpose is to support
the daily operations or structured decisions


Analytical Info - correct answer ✔Encompasses all organization information
and its primary purpose is to support the performing of managerial analysis or
semistructured decisions

, Business Process - correct answer ✔Standardized set of activities that
accomplish a specific task


Ganularity - correct answer ✔Refers to the level of detail in the model or the
decision making process


Visualization - correct answer ✔Produces graphical displays of patterns and
complex relationships in large amounts of data


Artificial Intelligence - correct answer ✔Simulates human thinking and
behavior such as the ability to reason and learn


Decision Support System (DSS) - correct answer ✔Model Information using
OLAP, which provides assistance in evaluating and choosing among different
courses of action


Online Analytical Processing (OLAP) - correct answer ✔The manipulation of
information to create BI in support of strategic decision making


Executive information System (EIS) - correct answer ✔A specialized DSS
that supports senior-level executives


BPMN - correct answer ✔Business Process Model and Notation: a graphical
notation that depicts the steps in a business process


Business process Reengineering - correct answer ✔The analysis and
redesign of workflow within and between enterprises

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