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






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






3. Comparing similar functional firms in your industry






4. 1 Attitudes towards career 2 Immigration 3 Occupational and industry skills 4 Recruitment 5 Unions 6 Unemployment 7 Turnover 8 Relocation






5. 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.






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






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






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






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






10. Cut costs - add value - or increase prices






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. 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?






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






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






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






16. Comparing operations in totally unrelated industries






17. 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"






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






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






20. primary activities and support activities






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






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






23. 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






24. They are often based on industry best practice.






25. 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






26. 1 Preparation 2 Due Diligence 3 Planning integration of the business entities 4 Implementation - monitoring and measurement






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






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






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






30. 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.






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






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






33. 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






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






35. 1 Planning 2 Organizing 3 Directing 4 Controlling






36. 1 Global Economy 2 Wage comparison 3 Trade Agreement 4 International Labor Law






37. Comparing 1 operation in the firm with another






38. Detailed and plausible views of how the business environment of an organization might develop in the future based on key drivers for change about which there is a high level of uncertainty






39. 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.






40. Serve the purpose similar to short term objectives but are completed in 1 to 3 years.






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






42. 1 Statement of the problem 2 Objectives 3 Description of potential solution 4 Project Time line 5 Project Metrics.






43. 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






44. 1 Organizational Strategy 2 Business unit strategy 3 Functional Strategy






45. 1 Balance Scorecard






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






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






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






49. 1 The rule is proposed 2 Public comment is invited 3 The final rule is issued






50. 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