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






2. 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






3. They are often based on industry best practice.






4. A strategy by which an organization takes increased share of its existing markets with its existing product range.






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






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






7. 1 Age 2 Gender 3 Generational Difference 4 Geographic shifts in population 5 Ethnicity 6 Unskilled Labor 7 Non traditional labor force






8. These are the detailed steps a unit - department - or team will take in order to achieve the short term objectives.






9. Risk associated with macro-economic forces.






10. 1 Organizational Strategy 2 Business unit strategy 3 Functional Strategy






11. It refers to relocation of processes or functions from a home country to another country and it appeals to organization for cost saving.






12. 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






13. High-yield debt that is rated below investment grade at the time of purchase. These bonds have a higher risk of default - but typically pay higher yields than better quality bonds in order to make them attractive to investors. Typically issued by bu






14. The types of decisions made and direction created for a single business






15. 1 Balance Scorecard






16. Cost savings accomplished by operating combined companies more efficiently.






17. Corporation that owns the majority of voting shares of other companies - but that allows the other companies to operate as independent entities.






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






19. 1 Interest Rates 2 Gross Domestic Product (GDP) 3 Consumer Price Index (CPI) 4 Disposable Income 5 Inflation






20. A plant or service department is moved to another country. Although separated geographically - the off shored entity remains part of the organization - and workers are still employees of the organization.






21. Processes and activities used to formulate HR objectives - practices - and policies.






22. 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"






23. It uses data already gathered by others and reported in various sources.






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






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






26. 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.






27. The categories of activities within and around an organization which together create a product or service.






28. 1 The rule is proposed 2 Public comment is invited 3 The final rule is issued






29. These strategy requires that organizations focus on a particular buyer group - segment of the product line or geographical market within an industry. It is build around serving particular target to the exclusion of others.






30. Information systems with a charter to achieve competitive superiority.






31. Special Purpose Acquisition Company. Empty-shell firms that promise to buy businesses with the proceeds of their initial public stock offerings.






32. Often accompanied by backlogs and scheduling problems while the organization adjusts to increase demands. Policies - procedures and rules should begin to be formalized as organization needs increased structure during this phase to operate effectively






33. Comparing a the firms operations with a direct competitor






34. 1 Introduction 2 Growth 3 Maturity 4 Decline






35. Business remain separate entities but may appear to outsiders as one entity. Commonly formed through the use of outsourcing.






36. 1 Demographic Factors 2 Economic Factors 3 Employment Factors 4 International Factors 5 Political Factors 6 Social Factors 7 Technological Factors






37. 1 Charts and graphs 2 Measures of central tendency 3 Measures of variation 4 Measures of association






38. Individuals or groups who depend on an organization to fulfill their own goals and on whom - in turn the organization depends.






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






40. 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






41. 1 Capacity 2 Standards 3 Scheduling 4 Inventory 5 Control






42. 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.






43. Acquisition of a company that operates in the same industry using the same value chain.






44. 1 Work Specialization 2 Departmentalization 3 Chain of Command 4 Centralization and Decentralization 5 Formalization






45. It involves data that is gathered firsthand for the specific evaluation being conduced.






46. Specific - Measurable - Attainable - Realistic - Timely






47. It is simple and effective process for collecting information on the organization's current state. It answers four basic question.






48. It describes a project in detail and shows how it will contribute value to the organization and provides sufficient information about how the project will be designed - implemented - and measured to enable the organization's leaders to make informe






49. Economic - legal resp. - ethical - and discretionary






50. 1 Financial 2 Human 3 Physical 4 Technological







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