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. 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.






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






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. System of moral principles and values that establish appropriate conduct.






5. Uses data already gathered by others and reported in various sources.






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






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






8. Organization's debts and other financial obligations.






9. Meaure that refers to the causal effect of one variable upon another.






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






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






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






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






14. Measure that indicates the relationship between two variables.






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






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






17. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.






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






19. 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.






20. Expected distribution given a random sampling of people across a large population.






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






22. Portion of a poplulation used to draw conclusions regarding an entire population.






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






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






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






26. Ability of an instrument to measure consistently.






27. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.






28. Average score or value in a set of data.






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






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






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






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






33. Form of budgeting in which the prior budget is the basis for allocation of funds.






34. Sale by a company of an asset that is not performing well - that is not core to the company's business - or that is worth more as a separate entity.






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






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






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






38. Seeks to obtain easily quantifiable data on a limited number of measurement points.






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






40. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.






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






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






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






44. Provide the direction that enables an organization to achieve its long-term objectives.






45. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.






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






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






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






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






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