ISA 235 MIDTERM EXAM ACTUAL 2025/2026 LATEST UPDATE

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ISA 235 MIDTERM EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Information age - Answer -The present time, during which infinite quantities of facts are widely available to anyone who can use a computer Data - Answer -raw facts that describe characteristics of an event or object Information - Answer -data converted into a meaningful and useful context Business intelligence - Answer -info collected from multiple sources that analyzes patterns, trends, and relationships Knowledge - Answer -skills, experience, and expertise, coupled with info and intelligence systems thinking - Answer -a way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part MIS - Answer -a business function, like accounting and HR, which moves info about people, products, and processes across the company to ease decision making and problem solving Business strategy - Answer -A leadership plan that achieves a specific set of goals or objectives such as new product development, entering new markets, increasing customer loyalty Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com competitive advantage - Answer -A product or service that an organization's customers place a greater value on than similar offerings from a competitor SWOT analysis - Answer -evaluates project position The Five forces model - Answer -evaluates industry attractiveness The three generic strategies - Answer -chooses business focus Rivalry among existing competitors - Answer -One of Porter's five forces; high when competition is fierce in a market and low when competitors are more complacent. Threat of substitute products or services - Answer -High when there are many alternatives to a product or service and low when there are few alternatives Buyer Power - Answer -the ability of buyers to affect the price they must pay for an item Supplier Power - Answer -The power of suppliers to drive up prices of materials Threat of new entrants - Answer -High when it is easy for new competitors to enter a market and low when there are significant entry barriers business process - Answer -a standardized set of activities that accomplish a specific task, such as processing a customer's order Value Chain Analysis - Answer -Views a firm as a series of business processes that each add Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com