ISA 235 Exam 1 questions with verified answers
______ and _______are two key information characteristics that change
from level to level Ans✓✓✓ granularity and scope
_______ must also be tracked to evaluate whether the organization is
moving toward or away from its ______ Ans✓✓✓ key performance
indicators, critical success factors
A framework that identifies forces that determine the profit potential of
an industry and shape a firm's competitive strategy. Ans✓✓✓ five
forces model
a generic term for work performed in a process, which can be atomic
(Task) or non-atomic (Sub-Process). Ans✓✓✓ activity
A network of value-creating activities is called a Ans✓✓✓ value chain
a planning tool used to analyze an organization's strengths, weaknesses,
opportunities, and threats Ans✓✓✓ SWOT analysis
a strategy that aims to provide a product or service at as low a price as
possible to a broad audience Ans✓✓✓ cost leadership
actually differentiating the market offering to create superior customer
value Ans✓✓✓ differentiation
, almost all the inflation adjusted growth in capital investment by US
businesses from 1980 to 2011 was in Ans✓✓✓ (IPES) information
processing equipment and software
at higher level of the organization ______ decreases and ________
increases Ans✓✓✓ granularity and scope
Autonomous vehicle technology is based primarily on ___________
Ans✓✓✓ neural networks
business process improvement levels of complexity Ans✓✓✓
automation, streamlining, reengineering
center of five forces model Ans✓✓✓ rivalry among competitors
crucial steps companies perform to achieve their goals and objectives
and implement their strategies Ans✓✓✓ critical success factors
Data converted into a meaningful and useful context Ans✓✓✓
information
Different levels of IOT Ans✓✓✓ individual, household, organization,
and community
______ and _______are two key information characteristics that change
from level to level Ans✓✓✓ granularity and scope
_______ must also be tracked to evaluate whether the organization is
moving toward or away from its ______ Ans✓✓✓ key performance
indicators, critical success factors
A framework that identifies forces that determine the profit potential of
an industry and shape a firm's competitive strategy. Ans✓✓✓ five
forces model
a generic term for work performed in a process, which can be atomic
(Task) or non-atomic (Sub-Process). Ans✓✓✓ activity
A network of value-creating activities is called a Ans✓✓✓ value chain
a planning tool used to analyze an organization's strengths, weaknesses,
opportunities, and threats Ans✓✓✓ SWOT analysis
a strategy that aims to provide a product or service at as low a price as
possible to a broad audience Ans✓✓✓ cost leadership
actually differentiating the market offering to create superior customer
value Ans✓✓✓ differentiation
, almost all the inflation adjusted growth in capital investment by US
businesses from 1980 to 2011 was in Ans✓✓✓ (IPES) information
processing equipment and software
at higher level of the organization ______ decreases and ________
increases Ans✓✓✓ granularity and scope
Autonomous vehicle technology is based primarily on ___________
Ans✓✓✓ neural networks
business process improvement levels of complexity Ans✓✓✓
automation, streamlining, reengineering
center of five forces model Ans✓✓✓ rivalry among competitors
crucial steps companies perform to achieve their goals and objectives
and implement their strategies Ans✓✓✓ critical success factors
Data converted into a meaningful and useful context Ans✓✓✓
information
Different levels of IOT Ans✓✓✓ individual, household, organization,
and community
