BUS 303 Saylor Questions And
Answers
Information nSystem n- n(Correct nAnswer) n`An nintegrated nand ncooperating nset nof nsoftware
ndirected ninformation ntechnologies
supporting nindividual, ngroup, norganizational, nor nsocietal ngoals.
SWOT n- n(Correct nAnswer) n`An norganization's nstrengths, nweaknesses, nopportunities, nand
nthreats. nUsed nto nevaluate ntheir nbusiness nstrategy.
Effectiveness n- n(Correct nAnswer) n`"Doing nthe nright nthing" nA nmore neffective nfirm ncan nmake
nbetter ndecisions nand ncarry nthem nout nmore nsuccessfully.
Efficiency n- n(Correct nAnswer) n`"Doing nthings nright". nLess ninput neffort nbut nsame noutput, nor
nsame namount nof ninput neffort nproducing nmore noutput.
Fifth nWave n- n(Correct nAnswer) n`The ncurrent nstate nin ntime nwhere ncomputers nare nso nfast
nand nso ninexpensive nthat nthey nhave nbecome nubiquitous—woven ninto nproducts nin nways
nfew nimagined nyears nbefore.
Information nTechnology n- n(Correct nAnswer) n`Hardware, nsoftware nand ntelecommunication
nequipment nthat nis nused nto ncapture, nprocess, nstore
and ndistribute ninformation.
Moore's nLaw n- n(Correct nAnswer) n`Means nthat nnext ngeneration nchips nshould nbe ntwice nas
nfast nin neighteen nmonths, nbut ncost nthe nsame nas ntoday's nmodels n.
Porter's nFive nForces n- n(Correct nAnswer) n`Supplier nPower
Buyer nPower
Threat nof nSubstitution
Threat nof nNew nEntry n
affect nyour nCompetitive nRivalvry
Also nknown nas nIndustry nand nCompetitive nAnalysis.
,Regulatory nCompliance n- n(Correct nAnswer) n`An norganization's nadherence nto nlaws,
nregulations, nguidelines nand nspecifications nrelevant nto nits nbusiness.
Return non nInvestment n- n(Correct nAnswer) n`Measures nthe namount nof nreturn non nan
ninvestment, nrelative nto nthe ninvestment's ncost. n
(Gain nfrom nInvestment n- nCost nof nInvestment) n/ nCost nof nInvestment
Data nStandardization n- n(Correct nAnswer) n`The ncritical nprocess nof nbringing ndata ninto na
ncommon nformat nthat nallows nfor ncollaborative nresearch, nlarge-scale nanalytics, nand nsharing
nof nsophisticated ntools nand nmethodologies.
Sustained nCompetitive nAdvantage n- n(Correct nAnswer) n`A nlong-term ncompetitive nadvantage
nthat nis nnot neasily nduplicable nor nsurpassable nby nthe ncompetitors.
Business nProcess n- n(Correct nAnswer) n`A nseries nof ntasks nthat nare nrepeated nin norder nto
nproduce na nmeasurable noutput.
Strategic nmanagement n- n(Correct nAnswer) n`is nconcerned nwith ncreating nthe ngeneral
nframework nin nwhich nthe nbusiness nprocess nare nexecuted.
Operational nmanagement n- n(Correct nAnswer) n`creates nthe nworkflow nfor nformalizing nand
nautomating nbusiness nprocesses nand napplying ninformation nsystems, nas nappropriate, nto
nsupport nprocess nexecution.
Administrative nmanagement n- n(Correct nAnswer) n`, ntypically nthe nrole nof nthe nIS nunit, nis
nresponsible nfor ndeveloping nthe norganizational nand ninformation nsystems ninfrastructure nto
nsupport nbusiness nprocesses.
Data nmart n/ nwarehouse n- n(Correct nAnswer) n`Repositories nfor nlarge namounts nof
ntransactional ndata nawaiting nanalytics nand nreporting.
ePK n- n(Correct nAnswer) n`event ncontrolled nchain nof nprocess ndiagrams
Business nprocess nmanagement n- n(Correct nAnswer) n`This nintegrates nan norganization nto nmake
nindividual nprocesses nmore nefficient nand ncan nbe nused nto nfix none nproblem nor ncreate na
nunifying nsystem nto nconsolidate nproblems.
Data nmining n- n(Correct nAnswer) n`The nprocess nof nanalyzing ndata nwarehouses nfor
ninformation nthat ncan nbe nused nin nmanagement ndecision nmaking.
Notable napplications:
, Voice nrecognition
Classification nof nDNA nsequences
Natural nLanguage nprocessing
Enterprise nResource nPlanning n- n(Correct nAnswer) n`The ntrue nvalue nwith nthis nsystem nis
nintegration nbetween nthe ndifferent nsystems nand ndifferent naspects nof na ncompany, nwith
nintegration nbetween nselling, nsourcing, nproducing, ndelivering, nand ninvoicing.
Business nprocess nreengineering n- n(Correct nAnswer) n`The ncomplete nand nradical nredesign nof
na nbusiness nprocess, nwhich nis ndifficult nbecause nof nresistance nto nchange, nthe nexpense, nand
nthe nhigh nprobability nof nfailure nwith nthe nimplementation nof nan nentirely nnew nsystem.
OLAP n- n(Correct nAnswer) n`Leverages ndata ncubes, nwhich ntake ndata nfrom nstandard nrelational
ndatabases, ncalculating nand nsummarizing ndata nfor nsuper-fast nreporting naccess.
What nfactors nlimit nbusiness nintelligence ninitiatives? n- n(Correct nAnswer) n`Firms nthat
nmismanage ntheir ncustomer ndata nassets nrisk nlawsuits, nbrand ndamage, nlower nsales, nfleeing
ncustomers, nand ncan nprompt nmore nrestrictive nlegislation.
Strategic nInformation nSystems nPlanning n(SISPM) n- n(Correct nAnswer) n`seeks nto nintegrate nand
nto nalign nstrategic nobjectives nwith nan nexisting nIS nplan nor nbusiness nneed.
Business nProcess nRe-engineering n(BPRM) n- n(Correct nAnswer) n`is nused nto nmaximize
ncorporate nprofitability nby nredesigning nand ntransforming nthe norganization's nbusiness
nprocesses.
System nDevelopment nMethodologies n(SDMs) n- n(Correct nAnswer) n`are nused nto ndesign
ndifferent ntypes nof ninformation nsystems nsuch nas ntransaction nprocessing nsystems, nenterprise
ninformation nsystems, ndecision nsupport nsystems, netc.
. nInformation nSecurity nMethodologies n(ISM) n- n(Correct nAnswer) n`assist norganizations nto
nestablish na nsecurity nplan nto naddress nvulnerability nassociated nwith nunauthorized nmisuse nof
ninformation.
Business nintelligence n(BI) n- n(Correct nAnswer) n`is na nvague nterm nthat ncombines naspects nof
nreporting, ndata nexploration, nand nad nhoc nqueries, nand nsophisticated ndata nmodeling nand
nanalysis.
Knowledge nDiscovery nin nDatabase n- n(Correct nAnswer) n`The nbroad nprocess nof nfinding
nknowledge nin ndata, nand nemphasizes nthe n"high-level" napplication nof nparticular ndata nmining
nmethods. nIt nis nof ninterest nto nresearchers nin nmachine nlearning, npattern nrecognition,
ndatabases, nstatistics, nartificial nintelligence, nknowledge nacquisition nfor nexpert nsystems, nand
ndata nvisualization.
Answers
Information nSystem n- n(Correct nAnswer) n`An nintegrated nand ncooperating nset nof nsoftware
ndirected ninformation ntechnologies
supporting nindividual, ngroup, norganizational, nor nsocietal ngoals.
SWOT n- n(Correct nAnswer) n`An norganization's nstrengths, nweaknesses, nopportunities, nand
nthreats. nUsed nto nevaluate ntheir nbusiness nstrategy.
Effectiveness n- n(Correct nAnswer) n`"Doing nthe nright nthing" nA nmore neffective nfirm ncan nmake
nbetter ndecisions nand ncarry nthem nout nmore nsuccessfully.
Efficiency n- n(Correct nAnswer) n`"Doing nthings nright". nLess ninput neffort nbut nsame noutput, nor
nsame namount nof ninput neffort nproducing nmore noutput.
Fifth nWave n- n(Correct nAnswer) n`The ncurrent nstate nin ntime nwhere ncomputers nare nso nfast
nand nso ninexpensive nthat nthey nhave nbecome nubiquitous—woven ninto nproducts nin nways
nfew nimagined nyears nbefore.
Information nTechnology n- n(Correct nAnswer) n`Hardware, nsoftware nand ntelecommunication
nequipment nthat nis nused nto ncapture, nprocess, nstore
and ndistribute ninformation.
Moore's nLaw n- n(Correct nAnswer) n`Means nthat nnext ngeneration nchips nshould nbe ntwice nas
nfast nin neighteen nmonths, nbut ncost nthe nsame nas ntoday's nmodels n.
Porter's nFive nForces n- n(Correct nAnswer) n`Supplier nPower
Buyer nPower
Threat nof nSubstitution
Threat nof nNew nEntry n
affect nyour nCompetitive nRivalvry
Also nknown nas nIndustry nand nCompetitive nAnalysis.
,Regulatory nCompliance n- n(Correct nAnswer) n`An norganization's nadherence nto nlaws,
nregulations, nguidelines nand nspecifications nrelevant nto nits nbusiness.
Return non nInvestment n- n(Correct nAnswer) n`Measures nthe namount nof nreturn non nan
ninvestment, nrelative nto nthe ninvestment's ncost. n
(Gain nfrom nInvestment n- nCost nof nInvestment) n/ nCost nof nInvestment
Data nStandardization n- n(Correct nAnswer) n`The ncritical nprocess nof nbringing ndata ninto na
ncommon nformat nthat nallows nfor ncollaborative nresearch, nlarge-scale nanalytics, nand nsharing
nof nsophisticated ntools nand nmethodologies.
Sustained nCompetitive nAdvantage n- n(Correct nAnswer) n`A nlong-term ncompetitive nadvantage
nthat nis nnot neasily nduplicable nor nsurpassable nby nthe ncompetitors.
Business nProcess n- n(Correct nAnswer) n`A nseries nof ntasks nthat nare nrepeated nin norder nto
nproduce na nmeasurable noutput.
Strategic nmanagement n- n(Correct nAnswer) n`is nconcerned nwith ncreating nthe ngeneral
nframework nin nwhich nthe nbusiness nprocess nare nexecuted.
Operational nmanagement n- n(Correct nAnswer) n`creates nthe nworkflow nfor nformalizing nand
nautomating nbusiness nprocesses nand napplying ninformation nsystems, nas nappropriate, nto
nsupport nprocess nexecution.
Administrative nmanagement n- n(Correct nAnswer) n`, ntypically nthe nrole nof nthe nIS nunit, nis
nresponsible nfor ndeveloping nthe norganizational nand ninformation nsystems ninfrastructure nto
nsupport nbusiness nprocesses.
Data nmart n/ nwarehouse n- n(Correct nAnswer) n`Repositories nfor nlarge namounts nof
ntransactional ndata nawaiting nanalytics nand nreporting.
ePK n- n(Correct nAnswer) n`event ncontrolled nchain nof nprocess ndiagrams
Business nprocess nmanagement n- n(Correct nAnswer) n`This nintegrates nan norganization nto nmake
nindividual nprocesses nmore nefficient nand ncan nbe nused nto nfix none nproblem nor ncreate na
nunifying nsystem nto nconsolidate nproblems.
Data nmining n- n(Correct nAnswer) n`The nprocess nof nanalyzing ndata nwarehouses nfor
ninformation nthat ncan nbe nused nin nmanagement ndecision nmaking.
Notable napplications:
, Voice nrecognition
Classification nof nDNA nsequences
Natural nLanguage nprocessing
Enterprise nResource nPlanning n- n(Correct nAnswer) n`The ntrue nvalue nwith nthis nsystem nis
nintegration nbetween nthe ndifferent nsystems nand ndifferent naspects nof na ncompany, nwith
nintegration nbetween nselling, nsourcing, nproducing, ndelivering, nand ninvoicing.
Business nprocess nreengineering n- n(Correct nAnswer) n`The ncomplete nand nradical nredesign nof
na nbusiness nprocess, nwhich nis ndifficult nbecause nof nresistance nto nchange, nthe nexpense, nand
nthe nhigh nprobability nof nfailure nwith nthe nimplementation nof nan nentirely nnew nsystem.
OLAP n- n(Correct nAnswer) n`Leverages ndata ncubes, nwhich ntake ndata nfrom nstandard nrelational
ndatabases, ncalculating nand nsummarizing ndata nfor nsuper-fast nreporting naccess.
What nfactors nlimit nbusiness nintelligence ninitiatives? n- n(Correct nAnswer) n`Firms nthat
nmismanage ntheir ncustomer ndata nassets nrisk nlawsuits, nbrand ndamage, nlower nsales, nfleeing
ncustomers, nand ncan nprompt nmore nrestrictive nlegislation.
Strategic nInformation nSystems nPlanning n(SISPM) n- n(Correct nAnswer) n`seeks nto nintegrate nand
nto nalign nstrategic nobjectives nwith nan nexisting nIS nplan nor nbusiness nneed.
Business nProcess nRe-engineering n(BPRM) n- n(Correct nAnswer) n`is nused nto nmaximize
ncorporate nprofitability nby nredesigning nand ntransforming nthe norganization's nbusiness
nprocesses.
System nDevelopment nMethodologies n(SDMs) n- n(Correct nAnswer) n`are nused nto ndesign
ndifferent ntypes nof ninformation nsystems nsuch nas ntransaction nprocessing nsystems, nenterprise
ninformation nsystems, ndecision nsupport nsystems, netc.
. nInformation nSecurity nMethodologies n(ISM) n- n(Correct nAnswer) n`assist norganizations nto
nestablish na nsecurity nplan nto naddress nvulnerability nassociated nwith nunauthorized nmisuse nof
ninformation.
Business nintelligence n(BI) n- n(Correct nAnswer) n`is na nvague nterm nthat ncombines naspects nof
nreporting, ndata nexploration, nand nad nhoc nqueries, nand nsophisticated ndata nmodeling nand
nanalysis.
Knowledge nDiscovery nin nDatabase n- n(Correct nAnswer) n`The nbroad nprocess nof nfinding
nknowledge nin ndata, nand nemphasizes nthe n"high-level" napplication nof nparticular ndata nmining
nmethods. nIt nis nof ninterest nto nresearchers nin nmachine nlearning, npattern nrecognition,
ndatabases, nstatistics, nartificial nintelligence, nknowledge nacquisition nfor nexpert nsystems, nand
ndata nvisualization.
