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ISA 235 Question and answers correctly solved

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ISA 235 Question and answers correctly solved ISA 235: Final Exam (Miami University) (Havelka) Fact - correct answer The confirmation or validation of an event or object Machine to Machine (M2M) - correct answer Devices that connect directly to other devices Primary Value Activities ...

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  • November 8, 2024
  • 34
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • isa 235
  • isa 235 question and answers correctly solved

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ISA 235: Final Exam (Miami University)
(Havelka)
Fact - correct answer ✔The confirmation or validation of an event or object


Machine to Machine (M2M) - correct answer ✔Devices that connect directly
to other devices


Primary Value Activities - correct answer ✔These business processes in the
lower half of the value chain analysis are directly involved in the realization of
the organization's product or service


Behavioral Analytics - correct answer ✔Uses data about people's behaviors
to understand intent and predict future actions


Big Data - correct answer ✔A collection of large, complex data sets, both
structured and unstructured, which cannot be analyzed with traditional
database methods and tools


Human-Generated Data - correct answer ✔Data that people, in interaction
with computers, generate


Information Age - correct answer ✔The present time, where infinite
quantities of facts are widely available to anyone who can use a computer


Goods - correct answer ✔Material items or products that customers will buy
to satisfy a want or need

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


Static Report - correct answer ✔A report created once based on data that
does not change


Snapshot - correct answer ✔A view of data at a particular moment in time


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


Structured Data - correct answer ✔Data that has a predefined length, type,
and format (numbers, dates, or strings) such as a Customer Name


Dynamic Report - correct answer ✔A report that once developed changes
automatically as the underlying data changes


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


Unstructured Data - correct answer ✔Data that is not defined and does not
follow a specific format such as free-form text in emails, tweets, and text
messages


Business Intelligence (BI) - correct answer ✔Information collected from
multiple sources that analyzes patterns, trends, and relationships for strategic
decision making


Predictive Analytics - correct answer ✔Extracts information from data and
uses it to predict future trends and identify behavioral patterns

,Services - correct answer ✔Tasks that customers will buy to satisfy a want or
a need


Knowledge Worker - correct answer ✔Individuals valued for their ability to
interpret and analyze information


Internet of Things - correct answer ✔A world where interconnected, internet-
enabled devices can collect and share data without human intervention


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


Support Value Activities - correct answer ✔The business processes in the
upper half of the value chain analysis such as infrastructure, human resources
management and technology development


Machine-Generated Data - correct answer ✔Data generated by a machine
without human intervention


Variable - correct answer ✔A data characteristic that stands for a value that
changes over time


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


Competitive Intelligence - correct answer ✔Gathering information about the
business environment, including rivals plans, products, and activities, to
improve an organization's ability to succeed

, Production - correct answer ✔The process of a business transforming inputs
into outputs for its goods or services


Supplier Power - correct answer ✔In Porter's five forces, the power of
vendors to dictate the prices for their products or services


Business Process - correct answer ✔A standardized set of activities that
accomplish a specific task


Porter's Five Forces Model - correct answer ✔Michael Porter developed this
strategy tool to help organizations assess the potential for profitability in an
industry


Stakeholder - correct answer ✔A person or group that has an interest or
concern in an organization


Threat of New Entrants - correct answer ✔In Porter's five forces, the ability of
other organizations to begin to compete in an industry or market


Chief Information Officer (CIO) - correct answer ✔This person usually
reports to the CEO and is responsible for ensuring the strategic alignment of
MIS and overseeing all uses of MIS in the organization


Productivity - correct answer ✔The rate at which goods and services are
produced based on total output given total inputs


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

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