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ISA 235 Chapter 2 Questions with complete solution $13.99   Add to cart
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ISA 235 Chapter 2 Questions with complete solution

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ISA 235 Chapter 2 Questions with complete solution ISA 235 Chapter 2 operational level - correct answer Employees develop, control, and maintain core business activities required to run the day-to-day operations. structured decision - correct answer Involves situations where established...

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  • November 8, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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ISA 235 Chapter 2
operational level - correct answer ✔Employees develop, control, and
maintain core business activities required to run the day-to-day operations.


structured decision - correct answer ✔Involves situations where established
processes offer potential solutions.


managerial level - correct answer ✔Employees are continuously evaluating
company operations to hone the firm's abilities to identify, adapt to, and
leveragechange.


semistructured decision - correct answer ✔Occurs in situations in which a
few established processes help to evaluate potential solutions, but not enough
to lead to a definite recommended decision.


strategic level - correct answer ✔Managers develop overall business
strategies, goals, and objectives as part of the company's strategic plan.


unstructured decision - correct answer ✔Occurs in situations in which no
procedures or rules exist to guide decision makers toward the correct choice.


project - correct answer ✔Temporary activity a company undertakes to
create a unique product, service, or result.


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

, critical success factors (CSFs) - correct answer ✔Crucial steps companies
perform to achieve their goals and objectives and implement their strategies.


key performance indicators (KPIs) - correct answer ✔Quantifiable metrics a
company uses to evaluate progress towards critical success factors.


market share - correct answer ✔The proportion of the market that a firm
captures.


return on investment (ROI) - correct answer ✔Indicates the earning power of
a project.


best practices - correct answer ✔The most successful solutions or problem-
solving methods that have been developed by a specific organization or
industry.


efficiency MIS metrics - correct answer ✔Measure the performance of MIS
itself such as throughput, transaction speed, and system availability.


effectiveness MIS metrics - correct answer ✔Measure the impact MIS has on
business processes and activities including customer satisfaction and
customer conversion rates.


benchmark - correct answer ✔Baseline values the system seeks to attain.


benchmarking - correct answer ✔A process of continuously measuring
system results, comparing those results to optimal system performance
(benchmark values), and identifying steps and procedures to improve system
performance.

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