ISA 235 Final Exam 131 questions with complete solution graded A+

Primary activities - acquire raw materials and manufacture, deliver, market, sell and provide aftersale services support activities - firm infrastructure, HR management, tech development and procurement data - raw facts that describe the characteristics of an event/ object core drivers of the information age - data, information, business intelligence, knowledge information - data converted into a meaningful and useful context business intelliegnce - information collected form multiple sources such as suppliers, customers, competitors, partners and industries that analyze patterns, trends and relationships for decision making knowledge - the skills, expertise and experience coupled with information and intelligence that create a persons intellectual responses internet of things - a world where interconnected internet enabled devices or things have the ability to collect and share data without human intervention analytics - science of fact based decision making business process - a standardized set of activities that accomplish a specific task such as processing a customer order value chain analysis - views a firm as a series of business process that add value to the product/ servicesystem - a collection of parts that link to achieve a common purpose