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BUS 303 SAYLOR EXAM QUESTIONS AND CORRECT
ANSWERS GRADED A+
Information System - (answers)An integrated and cooperating set of software
directed information technologies
supporting individual, group, organizational, or societal goals.
SWOT - (answers)An organization's strengths, weaknesses, opportunities, and
threats. Used to evaluate their business strategy.
Effectiveness - (answers)"Doing the right thing" A more effective firm can make
better decisions and carry them out more successfully.
Efficiency - (answers)"Doing things right". Less input effort but same output, or
same amount of input effort producing more output.
Fifth Wave - (answers)The current state in time where computers are so fast and
so inexpensive that they have become ubiquitous—woven into products in ways
few imagined years before.
Information Technology - (answers)Hardware, software and telecommunication
equipment that is used to capture, process, store
and distribute information.
Moore's Law - (answers)Means that next generation chips should be twice as fast
in eighteen months, but cost the same as today's models .
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Porter's Five Forces - (answers)Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry
affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
Regulatory Compliance - (answers)An organization's adherence to laws,
regulations, guidelines and specifications relevant to its business.
Return on Investment - (answers)Measures the amount of return on an
investment, relative to the investment's cost.
(Gain from Investment - Cost of Investment) / Cost of Investment
Data Standardization - (answers)The critical process of bringing data into a
common format that allows for collaborative research, large-scale analytics, and
sharing of sophisticated tools and methodologies.
Sustained Competitive Advantage - (answers)A long-term competitive advantage
that is not easily duplicable or surpassable by the competitors.
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Business Process - (answers)A series of tasks that are repeated in order to
produce a measurable output.
Strategic management - (answers)is concerned with creating the general
framework in which the business process are executed.
Operational management - (answers)creates the workflow for formalizing and
automating business processes and applying information systems, as appropriate,
to support process execution.
Administrative management - (answers), typically the role of the IS unit, is
responsible for developing the organizational and information systems
infrastructure to support business processes.
Data mart / warehouse - (answers)Repositories for large amounts of transactional
data awaiting analytics and reporting.
ePK - (answers)event controlled chain of process diagrams
Business process management - (answers)This integrates an organization to make
individual processes more efficient and can be used to fix one problem or create a
unifying system to consolidate problems.
BUS 303 SAYLOR EXAM QUESTIONS AND CORRECT
ANSWERS GRADED A+
Information System - (answers)An integrated and cooperating set of software
directed information technologies
supporting individual, group, organizational, or societal goals.
SWOT - (answers)An organization's strengths, weaknesses, opportunities, and
threats. Used to evaluate their business strategy.
Effectiveness - (answers)"Doing the right thing" A more effective firm can make
better decisions and carry them out more successfully.
Efficiency - (answers)"Doing things right". Less input effort but same output, or
same amount of input effort producing more output.
Fifth Wave - (answers)The current state in time where computers are so fast and
so inexpensive that they have become ubiquitous—woven into products in ways
few imagined years before.
Information Technology - (answers)Hardware, software and telecommunication
equipment that is used to capture, process, store
and distribute information.
Moore's Law - (answers)Means that next generation chips should be twice as fast
in eighteen months, but cost the same as today's models .
,2|Page
Porter's Five Forces - (answers)Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry
affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
Regulatory Compliance - (answers)An organization's adherence to laws,
regulations, guidelines and specifications relevant to its business.
Return on Investment - (answers)Measures the amount of return on an
investment, relative to the investment's cost.
(Gain from Investment - Cost of Investment) / Cost of Investment
Data Standardization - (answers)The critical process of bringing data into a
common format that allows for collaborative research, large-scale analytics, and
sharing of sophisticated tools and methodologies.
Sustained Competitive Advantage - (answers)A long-term competitive advantage
that is not easily duplicable or surpassable by the competitors.
, 3|Page
Business Process - (answers)A series of tasks that are repeated in order to
produce a measurable output.
Strategic management - (answers)is concerned with creating the general
framework in which the business process are executed.
Operational management - (answers)creates the workflow for formalizing and
automating business processes and applying information systems, as appropriate,
to support process execution.
Administrative management - (answers), typically the role of the IS unit, is
responsible for developing the organizational and information systems
infrastructure to support business processes.
Data mart / warehouse - (answers)Repositories for large amounts of transactional
data awaiting analytics and reporting.
ePK - (answers)event controlled chain of process diagrams
Business process management - (answers)This integrates an organization to make
individual processes more efficient and can be used to fix one problem or create a
unifying system to consolidate problems.
