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Business Strategy

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Collateralized Loan Obligation. Large pool of bank loans bundled together by financial services firms and sold off to investors in slices - with the goal to spread default risk "an inch deep and a mile wide"






2. 1 Financial 2 Human 3 Physical 4 Technological






3. A method of planning in which corporate hq develops and provides guidelines - disadvantages: the method of planning restricts initiative at lower level - shows insensitivity to local conditions - advantages: headquarters formulates a plan; this ensur






4. Acquisition of a company in a different industry - but which employs a similar value chain.






5. Shows the behavioral - physical and symbolic manifestations of a culture that inform and are informed by the taken-for-granted assumptions - or paradigm - of an organisation






6. They are used to condense and summarize large quantities of data for quick understanding.






7. 1 Cost Leadership 2 Differentiation 3 Focus






8. When a corporation reduces its level of diversification and strategically refocuses on core businesses where the synergies of scope - economizing - and leverage are more evident and more easily realized.






9. When a corporation can take synergistic advantage of administrative and support activities of the value chain in making an acquisition.






10. The organization of a set of businesses that share identical or very similar strategies or strategic challenges.






11. 1 Cost Benefit Analysis 2 Return On Investment 3 Breakeven Analysis 4 Financial Statement Analysis






12. Is the set of internationalization links and relationships that are necessary to create a product or service.






13. Value - Exploit - Rare - Imitate - Substitute






14. 1 Statement of the problem 2 Objectives 3 Description of potential solution 4 Project Time line 5 Project Metrics.






15. Designing a structure to assist in goal accomplishment that effectively relates human and nonhuman resources to the tasks of enterprise.Eg : Designing an interview process.






16. Risk associated with a particular business.






17. Specific - Measurable - Attainable - Realistic - Timely






18. When a corporation enters a new business in a different industry from that in which it currently operates and does not expect to achieve any value chain synergies through the combination.






19. Not necessarily considered HR core function like benefits plan administration - payroll administration - and background checks - etc.






20. 1 Short term objective 2 Action plan to achieve these objective 3 Allocating resources 4 Motivating employees to manage the plan.






21. Acquisition of another company upstream (supplier) or downstream (buyer) in the value chain of the same industry in which the corporation operates.






22. Is the means by which a strategy can be pursued.






23. 1 Demographic Factors 2 Economic Factors 3 Employment Factors 4 International Factors 5 Political Factors 6 Social Factors 7 Technological Factors






24. It is a process not just written project plan that helps an organization focus on how to succeed in the future - where the company is now? - where does the company want to go? - How will the company get there?






25. Studying the future and arranging the means for dealing with it - which encompass forecasting - selling goals - and determining actions. eg: Forecasting future staffing needs.






26. A process where a large group of shareholders vote in new members to the board of directors - with the result that the new board can make changes in the company's management.






27. A process and goal: the process: choices regarding acquiring and using scared resources: the goal: maintain and achieving a unique and valuable position in the international market






28. Divestiture in which a corporation creates a new company out of one of its businesses. The new company has its own shares of stock and shareholders - and its own board of directors. Typically - shareholders of the corporation will receive newly iss






29. Is concerned with the ways in which an organization exeeds its minimum obligations to stakeholders specified through regulation.






30. Where an individual (such as a corporate officer) acts on behalf of someone else (such as a shareholder)






31. 1. R&D 2. production 3. marketing and sales 4. customer service






32. 1 Planning 2 Organizing 3 Directing 4 Controlling






33. Sell more in existing markets - or enter new markets






34. Comparing operations in totally unrelated industries






35. A merger or acquisition where there is some similarity of industry and/or value chain between the corporation and the company it seeks to acquire.






36. They are often based on industry best practice.






37. When a corporation can take synergistic advantage of relationships with suppliers and/or customers in making an acquisition.






38. Private (nonpublic) corporations or partnerships that use their financial resources to engineer buyouts and acquisitions of other companies.






39. 1 SWOT analysis and environmental scanning 2 Long term objectives 3 Strategies to achieve these objectives are defined






40. 1. choose a viable position on efficiency frontier 2. configure its internal ops to support the chosen position 3.ensure firm has the right orginizational structure in place to execute its strategy






41. The political - economic - social - technological - environmental - and legal dimensions of an organization's external environment.






42. A participative approach to planning in which there is involvement at all levels; plans are developed at the lower levels of an organisation and funnelled up through consecutive levels until they reach top management - advantage:People are responsibl






43. Detailed and plausible views of how the business environment of an organization might develop in the future based on key drivers for change about which there is a high level of uncertainty






44. Views the world as its unit of analysis - Plants are built to provide local marketing advantages - recognizes the importance of being flexible at the country-level operations - more responsive to local needs






45. Identifies stakeholder expectations and power and helps in understanding political priorities.






46. To achieve cost advantage - an organization has to be the low cost producer in its industry.The finished products of low cost producers are sold at prices that beat the competition. These industries depend on volume to provide profit and is less bra






47. Organization that follow this approach are not competing in an established market. They see themselves as a creating entirely new value. This strategy values innovation - creativity and rule breaking.






48. Quality of information and interpretation of it






49. Those product features with which a organization must outperform the competition because they are particularly valued by a group of customers.






50. 1 Balance Scorecard