Test your basic knowledge |

Strategic Management

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. For an operations department - provide the yardstick by which the amount and quality of output are measured.






2. Written request asking contractors to propose solutions and prices that fit customer's requirements.






3. Work groups that assist line units by performing specialized services - such as HR.






4. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.






5. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.






6. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.






7. Relocation of processes or functions from a "home" country to another country.






8. Detailed steps a unit - department or team will take in order to achieve short term objectives






9. Ability of an instrument to measure what it is intended to measure.






10. Proposal presented to a legislative body for possible enactment as a law






11. Financial - physical - and sometimes intangible properties an organization owns.






12. What an organization sells to make a profit.






13. Process that surveys and interprets relevant data to identify external opportunities and threats.






14. Meaure that indicates the relationship between data items using x and y axes.






15. Vehicle for collecting information on an organization's current strengths - weaknesses - opportunities - and threats.






16. Measure that indicates how much scores in a set of data are spread out around a mean or average.






17. Organizational structure that defines departments by what services they contribute to the organization's overall mission.






18. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.






19. Measure that indicates the relationship between two variables.






20. Statement of a firm's financial position at a particular time.






21. Value that occurs most frequently in a set of data






22. Project planning tool that graphically displays activities of a project in sequential order and plots against time.






23. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.






24. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.






25. Distance between highest and lowest scores in a set of data.






26. Refers to the number of inviduals who report to a supervisor.






27. Rule or order issued by a government agency; often has the force of law.






28. Combined knowledge - skills and experience of a company's employees.






29. Organizational structure in which divisions are separated by product - customer or market or region






30. Group of people born after 1980.






31. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.






32. Money an organization's customers owe the organization.






33. Measurement approach that provides an overall picture of an organization's performance as measured against goals in finance - customers - internal business processes - learning - and growth.






34. Organizational structure that combines departmentalization by division and function to gain the benefits of both.






35. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.






36. Business function responsible for selling an organization's product to the marketplace.






37. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.






38. Measures the difference between what it costs to produce a product and the selling price.






39. To an operations department - the ability to yield output.






40. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.






41. Amount of owners' or shareholders' portion of a business.






42. Series of tasks and activities that has a stated goal and objectives - a schedule with defined start and end dates - and a budget that sets limits on the use of monetary and human resources.






43. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.






44. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.






45. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.






46. Research method in which certain factors(variables) are manipulated and the results are examined.






47. Ability of an instrument to measure consistently.






48. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.






49. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.






50. Organization's debts and other financial obligations.