BUS 303 Saylor Exam Questions and Answers | Latest Updated 2025/2026 |Graded A+

BUS 303 Saylor Exam Questions and Answers | Latest Updated 2025/2026 |Graded A+ Information System - answer-An integrated and cooperating set of software directed information technologies supporting individual, group, organizational, or societal goals. SWOT - answer-An organization's strengths, weaknesses, opportunities, and threats. Used to evaluate their business strategy. Effectiveness - answer-"Doing the right thing" A more effective firm can make better decisions and carry them out more successfully. Efficiency - answer-"Doing things right". Less input effort but same output, or same amount of input effort producing more output. Fifth Wave - answer-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 - answer-Hardware, software and telecommunication equipment that is used to capture, process, store and distribute information. Moore's Law - answer-Means that next generation chips should be twice as fast in eighteen months, but cost the same as today's models . Porter's Five Forces - answer-Supplier Power Buyer PowerThreat of Substitution Threat of New Entry affect your Competitive Rivalvry Also known as Industry and Competitive Analysis. Regulatory Compliance - answer-An organization's adherence to laws, regulations, guidelines and specifications relevant to its business. Return on Investment - answer-Measures the amount of return on an investment, relative to the investment's cost