100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ISA 235 Midterm Questions with complete solution $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. ISA 235
  4.  
  5. ISA 235

Exam (elaborations)

ISA 235 Midterm Questions with complete solution

 1 view  0 purchase
  • Course
  • ISA 235
  • Institution
  • ISA 235

ISA 235 Midterm Questions with complete solution ISA 235 Midterm Information age - correct answer The present time, during which infinite quantities of facts are widely available to anyone who can use a computer Data - correct answer raw facts that describe characteristics of an event o...

[Show more]

Preview 2 out of 12  pages

Document information

  • November 8, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • ISA 235
  • ISA 235

Seller

avatar-seller
Academia199

Reviews received

Content preview

ISA 235 Midterm
Information age - correct answer ✔The present time, during which infinite
quantities of facts are widely available to anyone who can use a computer


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


Information - correct answer ✔data converted into a meaningful and useful
context


Business intelligence - correct answer ✔info collected from multiple sources
that analyzes patterns, trends, and relationships


Knowledge - correct answer ✔skills, experience, and expertise, coupled with
info and intelligence


systems thinking - correct answer ✔a way of monitoring the entire system by
viewing multiple inputs being processed or transformed to produce outputs
while continuously gathering feedback on each part


MIS - correct answer ✔a business function, like accounting and HR, which
moves info about people, products, and processes across the company to
ease decision making and problem solving


Business strategy - correct answer ✔A leadership plan that achieves a
specific set of goals or objectives such as new product development, entering
new markets, increasing customer loyalty

, competitive advantage - correct answer ✔A product or service that an
organization's customers place a greater value on than similar offerings from a
competitor


SWOT analysis - correct answer ✔evaluates project position


The Five forces model - correct answer ✔evaluates industry attractiveness


The three generic strategies - correct answer ✔chooses business focus


Rivalry among existing competitors - correct answer ✔One of Porter's five
forces; high when competition is fierce in a market and low when competitors
are more complacent.


Threat of substitute products or services - correct answer ✔High when there
are many alternatives to a product or service and low when there are few
alternatives


Buyer Power - correct answer ✔the ability of buyers to affect the price they
must pay for an item


Supplier Power - correct answer ✔The power of suppliers to drive up prices
of materials


Threat of new entrants - correct answer ✔High when it is easy for new
competitors to enter a market and low when there are significant entry barriers


business process - correct answer ✔a standardized set of activities that
accomplish a specific task, such as processing a customer's order

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81989 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart