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ISA 235 Question and answers rated A+

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ISA 235 Question and answers rated A+ ISA 235-Midterm Chapter 1 - correct answer Drivers of the Information Age - correct answer Students should describe the information age and the differences between data, information, business intelligence, and knowledge. Business as a System - ...

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  • November 8, 2024
  • 10
  • 2024/2025
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ISA 235-Midterm
Chapter 1 - correct answer ✔


Drivers of the Information Age - correct answer ✔Students should describe
the information age and the differences between data, information, business
intelligence, and knowledge.


Business as a System - correct answer ✔Ability to identify how different
departments in a company are challenged in working together to achieve
success. Explain systems thinking and how management information systems
enable business communications.


Strategy - correct answer ✔Understand the concept of business strategy,
noting that Porter's 5 Forces is 1 way to define - but it's not the only way.


Management Information System (MIS) - correct answer ✔Demonstrate
understanding that MIS is not technology - it's a business function
Most organizations have a department that is responsible for performing the
MIS function (i.e. having an Accounting department that is responsible for
performing the accounts payable and accounts receivable functions).


Competitive Advantage - correct answer ✔We want students to stay away
from memorizing the prescriptive techniques for competitive advantage -rather
bundle into Evaluate/Set Strategy/Execution overlay and the role each plays
in developing the competitive advantage(revised Figure 1.13 in the Ch 1
slides).


Value Chain Analysis - correct answer ✔Executing Business Strategies:
Students to demonstrate how a company can add value by using Porter's
value chain analysis. Demonstrate IT's role in strategy.

, Business Process - correct answer ✔The business process concept is not
introduced until Chapter 2, but students should be able to articulate link to
value chain and supply chain.


Supply Chain - correct answer ✔Supply Chain Management is discussed in
detail in Ch. 8. In Ch 1, students define supply chain and its relationship to
strategy, value chain, and business processes.


Value Chain: Primary v Support activities - correct answer ✔


Internet of Things (IoT) - correct answer ✔A world where interconnected,
Internet-enabled devices or things can collect and share data without human
intervention.


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


Porter's Five Forces Model (way to discern comp. landscape) - correct
answer ✔A model for analyzing the competitive forces within the environment
in which a company operates, to assess the potential for profitability in an
industry.


Information Silo - correct answer ✔Occurs when one business unit is unable
to freely communicate with other business units, making it difficult or
impossible for organizations to work cross-functionally.


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

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