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






2. Engaging in those activities that ensure effective operation - including leadership and motivation pf employee action towards goals. eg : Scheduling and conducting interview.






3. Organization become entrenched in rules and policies and leadership become resistant to change. series of efforts to turn the tide such as product enhancement or cost reduction programs. If unsuccessful in these then will focus on reducing workforce






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






5. It is based on numeric data that is analyzed with statistic method. 1 Descriptive Statistic 2 Inferential Statistic






6. 1 Planning 2 Organizing 3 Directing 4 Controlling






7. 1. talking to competitors - customers - and distributors 2. testing competitors products 3. view competitors exhibits at trade shows






8. Specific - Measurable - Attainable - Realistic - Timely






9. 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






10. Organizations within an industry with similar strategic characteristics - following similar strategies or competing on similar bases






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






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






13. 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






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






15. It is a system of moral principles and values that establish appropriate conduct.






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






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






18. Comparing 1 operation in the firm with another






19. Value - Exploit - Rare - Imitate - Substitute






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






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






22. 1 Charts and graphs 2 Measures of central tendency 3 Measures of variation 4 Measures of association






23. Risk associated with macro-economic forces.






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 Global Economy 2 Wage comparison 3 Trade Agreement 4 International Labor Law






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






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






28. 1 Preparation 2 Due Diligence 3 Planning integration of the business entities 4 Implementation - monitoring and measurement






29. 1 The rule is proposed 2 Public comment is invited 3 The final rule is issued






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






31. 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






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






33. Ensuring that everything is carried out according to the plan. Eg: Measuring recruiting efforts and effectiveness.






34. 1 Demographic Factors 2 Economic Factors 3 Employment Factors 4 International Factors 5 Political Factors 6 Social Factors 7 Technological Factors






35. 1 Interest Rates 2 Gross Domestic Product (GDP) 3 Consumer Price Index (CPI) 4 Disposable Income 5 Inflation






36. 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. )






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






38. 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






39. Ensure that organization's strategy and operations are consistent with each other






40. 1 Short term objective 2 Action plan to achieve these objective 3 Allocating resources 4 Motivating employees to manage the plan.






41. 1 Financial 2 Human 3 Physical 4 Technological






42. 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






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






44. 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.






45. 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






46. 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.






47. 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.






48. 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






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






50. 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"