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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 Introduction 2 Growth 3 Maturity 4 Decline






3. The benefits that develop through the extension and application of corporate resources to a newly acquired company.






4. Risk associated with macro-economic forces.






5. primary activities and support activities






6. The organization relies on high energy and creativity. Attempts to develop products and services - decision may be made to use experiences staff so training is not an integral part of this phase. may meet or exceed the standard pay range to recruit






7. 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






8. Internal Benchmarks establish levels of current performance of a particular tasks - such as cost per hire.






9. 1. information systems 2. logistics 3. HR






10. 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)






11. 1 Strategy Formulation 2 Strategy Development 3 Strategy Implementation 4 Strategy Evaluation






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






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






14. 1 Age 2 Gender 3 Generational Difference 4 Geographic shifts in population 5 Ethnicity 6 Unskilled Labor 7 Non traditional labor force






15. The resources and competences of an organization needed for it to survive and prosper.






16. These objectives are generally achieved within 3 to 5 years. Establishing these objectives provides direction - synergy and aids in establishing guidelines for evaluation.






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






18. 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.






19. 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






20. The skills and abilities by which resources are deployed through an organization's activities and processes such as to achieve competitive advantage in ways that others cannot imitate or obtain.






21. 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.






22. 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.






23. 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






24. A process where a company is bought primarily using debt. Typically engineered by management of the company - or by private equity firms.






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






26. 1 They can help to identify improvements in an organization's performance that can be attributed to the projects 2 They can suggest appropriate targets for improvement to be included in project objectives.






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






28. 1 Demographic Factors 2 Economic Factors 3 Employment Factors 4 International Factors 5 Political Factors 6 Social Factors 7 Technological Factors






29. A value creating strategy that creates more perceived value by primarily reducing costs






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






31. When a corporation is able to combine similar primary value chain activities.






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






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






34. It describes an organizational challenge and possible alternative solutions - presenting evidence in support of a proposed solution. They are effective way to compete for limited resources.






35. A strategy by which an organisation offers existing products to new markets.






36. 1 Cost Benefit Analysis 2 Return On Investment 3 Breakeven Analysis 4 Financial Statement Analysis






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






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






39. Specific - Measurable - Attainable - Realistic - Timely






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






41. Comparing similar functional firms in your industry






42. The choices made through the 4 Ps : Product - Price - Place and Promotion are what makes a product or service unique. This is distinctive blend of marketing decision.






43. Quality of information and interpretation of it






44. 1 Short term objective 2 Action plan to achieve these objective 3 Allocating resources 4 Motivating employees to manage the plan.






45. Scheduling problems are largely resolved - and staffing and organizational culture begin to stabilize. Policies - procedures and rules are formalized and communicated to all employees. Training gains added emphasis in this phase to maintain flexibi






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






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






48. Value - Exploit - Rare - Imitate - Substitute






49. 1 Statement of the problem 2 Objectives 3 Description of potential solution 4 Project Time line 5 Project Metrics.






50. Adhering to set of governing principles whether the philosophy is one of fairness - individual rights - avoiding conflicts of interest or another philosophical grounding.