Miami University ISA 235 Final questions with correct answers

Internet of things Answer A world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support 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 Answer Raw facts that describe the characteristics of an event or object Information Answer Data converted into meaningful and useful context Metrics Answer Measurements that evaluate results to determine whether a project is meeting its goals BI 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 Answer The science of fact based decision making Knowledge Answer Skills, experience, and expertise coupled with information and intelligence that creates a person's intellectual resources