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






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






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






4. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.






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






6. Legislative measure limited in effect to either the Congress or one of its chambers.






7. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).






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






9. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.






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






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






12. What an organization sells to make a profit.






13. Degree to which decision-making authority is restricted to higher levels of management in an organization






14. To an operations department - an organization's major asset after physical buildings and equipment.






15. 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.






16. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.






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






18. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.






19. Money an organization owes its vendors and suppliers.






20. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.






21. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.






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






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






24. Work groups that conduct the major business of an organization.






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






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






27. Principles of conduct within an organization that guide decision making and behavior.






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






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






30. Number of members of an organizaion that have to be present before official business may be conducted.






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






32. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.






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






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






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






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






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






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






39. Involves data that is gathered firsthand for a specific evaluation.






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






41. Estimate of the total value of goods and services produced in a country in a given year.






42. Serve a purpose similar to short-term objectives but are completed in one to three years.






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






44. Measure that indicates the relationship between two variables.






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






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






47. Group of people born roughly between the years of 1965 and 1980.






48. Organization's debts and other financial obligations.






49. Specific point in a distribution of data that has a given percentage of cases below it.






50. 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.