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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. Quality of information and interpretation of it






2. The decisions made and the direction provided for managing multiple business units under a single corporate umbrella.






3. 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.






4. It specifies what activities the organization intends to pursue and what course of management has charted for the future. It provides general outline of how the organization will achieve the vision. It includes who the company is - what the company






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






6. 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






7. 1 Historical Data (HR records - census records) 2 Benchmarking and best practices reports 3 Purchased Data ( Gallup or Roper data) 4 Professional Journals - Books - and other media 5 Secondhand reports (grapevine reports)






8. 1 Statement of the problem 2 Objectives 3 Description of potential solution 4 Project Time line 5 Project Metrics.






9. 1 Cost Benefit Analysis 2 Return On Investment 3 Breakeven Analysis 4 Financial Statement Analysis






10. 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






11. 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.






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






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






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






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






16. 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






17. A tool to help you think about the wider issues that have an impact on the industry or service area as a whole - taking five main categories into account: Socio-cultural - Technological - Economic - Environmental - Political






18. 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.






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






20. Suppliers - buyers - competitive rivalry - product substitutes and potential entrants; reinforces the importance of economic theory; analytical tool of previously lacking the field of strategy; determines the nature/level of competition and profit






21. Risk associated with a particular business.






22. Comparing operations in totally unrelated industries






23. It can be defined as principles of conduct within an organization that guide decision making and behavior.






24. 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.






25. 1 Vision and mission 2 Value Statement






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






27. 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?






28. It is a systematic process of gathering and analyzing all relevant data about external opportunities (emerging marketplace - additional capabilities provided through new technology.) and threats (emerging competition - shifts in marketplaces. )






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






30. It is the process that involves a systematic survey and interruption of relevant data to identify external opportunities and threats and to assess how these factors affect the organization currently and how they are likely to affect the organization






31. 1 Interest Rates 2 Gross Domestic Product (GDP) 3 Consumer Price Index (CPI) 4 Disposable Income 5 Inflation






32. A strategy by which an organization peruses new product offerings and new markets.






33. 1. multinational 2. global 3. transnational






34. Is concerned with the structures and systems of control by which managers are held accountable to those who have a legitimate stake an organization.






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






36. 1 Advances in technology 2 Technological skills 3 The digital divide 4 Process changes






37. primary activities and support activities






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






39. 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.






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






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






42. Is part of an organization for which there is a distinct external market for goods or services that is different from another SBU






43. A company in which 70-95% of revenue comes from a single business






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






45. Combine both qualitative and quantitative measures - acknowledge the expectations of different stakeholders and relate an assessment of performance to choice of strategy.






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






47. It is a vivid - guiding image of the organization's desired future. It is the ultimate picture of what leadership envisions for the organization.






48. Ability to broaden a product line or a customer base achieved through an acquisition.






49. It describes what is important to an organization and often dictate employee behavior. They are the heart of the culture of an organization.






50. 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







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