COMM 226 TEST FULLY SOLVED PAPER
GRADED A+
◉ Business Process.
Answer: A sequence of activities for accomplishing a function.
◉ Information System (IS).
Answer: Components working together to produce information.
◉ Information.
Answer: Meaningful insight derived from raw data.
◉ Moore's Law.
Answer: Transistors per square inch double approximately every 18
months.
◉ 4 Nonroutine Skills (ASCE).
Answer: Abstract reasoning, Systems thinking, Collaboration,
Experimentation.
◉ Competitive Strategy.
,Answer: A product/service customers value more than competitors'
offerings.
◉ Value-Chain Analysis.
Answer: Analyzing activities to see where value is added and costs
incurred.
◉ Value-Chain Linkage.
Answer: Interaction and connection between value-chain activities.
◉ Porter's Five Forces: Substitutes.
Answer: Other products or services that can replace yours.
◉ Porter's Five Forces: New Entrants.
Answer: Threat of new competitors entering the market.
◉ Porter's Five Forces: Existing Rivals.
Answer: Intensity of rivalry among current competitors.
◉ Porter's Five Forces: Supplier Power.
Answer: Bargaining power of providers of inputs/materials.
, ◉ Porter's Five Forces: Customer Power.
Answer: Bargaining power of buyers/customers.
◉ Industry-Wide Cost Strategy.
Answer: Lowest cost across the entire industry.
◉ Industry-Wide Differentiation Strategy.
Answer: Better or different product/service offered across the entire
industry.
◉ Focus Cost Strategy.
Answer: Lowest cost within a specific industry segment.
◉ Focus Differentiation Strategy.
Answer: Better or different product/service within a specific
industry segment.
◉ 4 Hardware Categories (IPOS).
Answer: Input, Processing, Output, Storage.
◉ CPU (Central Processing Unit).
GRADED A+
◉ Business Process.
Answer: A sequence of activities for accomplishing a function.
◉ Information System (IS).
Answer: Components working together to produce information.
◉ Information.
Answer: Meaningful insight derived from raw data.
◉ Moore's Law.
Answer: Transistors per square inch double approximately every 18
months.
◉ 4 Nonroutine Skills (ASCE).
Answer: Abstract reasoning, Systems thinking, Collaboration,
Experimentation.
◉ Competitive Strategy.
,Answer: A product/service customers value more than competitors'
offerings.
◉ Value-Chain Analysis.
Answer: Analyzing activities to see where value is added and costs
incurred.
◉ Value-Chain Linkage.
Answer: Interaction and connection between value-chain activities.
◉ Porter's Five Forces: Substitutes.
Answer: Other products or services that can replace yours.
◉ Porter's Five Forces: New Entrants.
Answer: Threat of new competitors entering the market.
◉ Porter's Five Forces: Existing Rivals.
Answer: Intensity of rivalry among current competitors.
◉ Porter's Five Forces: Supplier Power.
Answer: Bargaining power of providers of inputs/materials.
, ◉ Porter's Five Forces: Customer Power.
Answer: Bargaining power of buyers/customers.
◉ Industry-Wide Cost Strategy.
Answer: Lowest cost across the entire industry.
◉ Industry-Wide Differentiation Strategy.
Answer: Better or different product/service offered across the entire
industry.
◉ Focus Cost Strategy.
Answer: Lowest cost within a specific industry segment.
◉ Focus Differentiation Strategy.
Answer: Better or different product/service within a specific
industry segment.
◉ 4 Hardware Categories (IPOS).
Answer: Input, Processing, Output, Storage.
◉ CPU (Central Processing Unit).
