Test your basic knowledge |

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. Cost savings accomplished by operating combined companies more efficiently.






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






4. 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.






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






6. A corporation that owns a large number of businesses that are different sizes and operate in different industry sectors.






7. 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






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






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






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






11. 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






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






13. 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






14. 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.






15. Quality of information and interpretation of it






16. 1 Introduction 2 Growth 3 Maturity 4 Decline






17. 1 Traditional Generation 2 Baby Boom Generation 3 Generation X 4 Generation Y






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






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






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






21. 1 Experiments 2 Pilot Projects 3 Surveys/questionnaires 4 Interviews (exit - panel - individual) 5 Focus group 6 Direct observation 7 Testing






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






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






24. 1 Cost Leadership 2 Differentiation 3 Focus






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






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






27. Comparing similar functional firms in your industry






28. 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






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






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






31. Independent & entrepreneurial - adopts a more flexible approach to their international operations - More sensitive & responsive to local environment






32. 1 Age 2 Gender 3 Generational Difference 4 Geographic shifts in population 5 Ethnicity 6 Unskilled Labor 7 Non traditional labor force






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






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






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






36. 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.






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






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






39. 1 Charts and graphs 2 Measures of central tendency 3 Measures of variation 4 Measures of association






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






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






42. They represent milestones that must be achieved in order to reach the long term objectives. They are usually within 6 months to a year.






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






44. 1 Demographic Factors 2 Economic Factors 3 Employment Factors 4 International Factors 5 Political Factors 6 Social Factors 7 Technological Factors






45. 1 Planning 2 Organizing 3 Directing 4 Controlling






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






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






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






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






50. 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.