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Test your basic knowledge |
Strategic Management
Start Test
Study First
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. Process to measure the effectiveness and efficiency of HR programs and positions.
Hypothesis
HR audit
Strategic planning
Primary research
2. Business function responsible for selling an organization's product to the marketplace.
Foreign Corrupt Practices Act
SWOT analysis
Sales
Income statement
3. 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.
Project
Offshoring
Strategic planning
Zero-based budgeting
4. Relocation of processes or functions from a "home" country to another country.
Regulation
Supply chain
Offshoring
HR audit
5. Detailed steps a unit - department or team will take in order to achieve short term objectives
Action plans
Line units
Marketing
SWOT analysis
6. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Control
Liabilities
Public comment period
Balanced scorecard
7. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Virtual organization
Mid-term objectives
Request for proposal
Gantt chart
8. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Range
Quantitative analysis
Functional structure
Balance sheet
9. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Decentralization
Strategic management
Quorum
Standards
10. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.
Supply chain
Decentralization
Normal distribution
Long-term objectives
11. Work groups that conduct the major business of an organization.
Line units
Sales
Strategies
Strategic management
12. What an organization sells to make a profit.
Product
Short-term objectives
Strategic management
Due diligence
13. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Request for proposal
Human resource management
Strategic planning
Generation X
14. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Matrix structure
Hypothesis
HR audit
Mission statement
15. Group of people born after 1980.
Generation Y
Population
Span of control
Sandwich generation
16. Principles of conduct within an organization that guide decision making and behavior.
Cost-benefit analysis
Code of ethics
Mode
Capacity
17. Ability of an instrument to measure what it is intended to measure.
Validity
Generation X
Percentile
Mid-term objectives
18. Techniques for communicating information about products to consumers.
Promotion
Offshoring
Code of ethics
Standard deviation
19. Financial - physical - and sometimes intangible properties an organization owns.
Zero-based budgeting
Human capital
Assets
Inductive reasoning
20. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.
Mission statement
Values
Foreign Corrupt Practices Act
Regression
21. Measure that indicates the relationship between two variables.
Virtual organization
Cost-benefit analysis
Inductive reasoning
Correlation
22. Average score or value in a set of data.
Sales
Generation X
Inductive reasoning
Mean
23. Serve a purpose similar to short-term objectives but are completed in one to three years.
Balance sheet
Vision Statement
Assets
Mid-term objectives
24. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.
Foreign Corrupt Practices Act
Standard deviation
Control
Due diligence
25. Processes and activities used to formulate HR objectives practices - and policies.
Resolution
Strategic management
Mid-term objectives
Mission statement
26. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Experiment
Standards
Public comment period
Formula budgeting
27. Vivid - guiding image of an organization's desired future.
Bill
Regulation
Vision Statement
Divestiture
28. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.
Incremental budgeting
Percentile
Code of ethics
Sandwich generation
29. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
Mean
Human capital
Public comment period
Human resource management
30. Combined knowledge - skills and experience of a company's employees.
Range
Matrix structure
Human capital
Resolution
31. Legislative measure limited in effect to either the Congress or one of its chambers.
Zero-based budgeting
Assets
Experiment
Resolution
32. System of moral principles and values that establish appropriate conduct.
Ethics
Line units
Normal distribution
Percentile
33. Money an organization owes its vendors and suppliers.
Accounts payable
Action plans
Correlation
Mid-term objectives
34. Process that surveys and interprets relevant data to identify external opportunities and threats.
Functional structure
Environmental scanning
Hypothesis
Request for proposal
35. Action of canceling or postponing a decision or bill.
Experiment
Human capital
Veto
Balance sheet
36. Value that occurs most frequently in a set of data
Mode
Offshoring
Accounts receivable
Formula budgeting
37. Research method in which certain factors(variables) are manipulated and the results are examined.
Primary research
Scientific method
Liabilities
Human resource management
38. Measures the difference between what it costs to produce a product and the selling price.
Span of control
Ethics
Gross profit margin
Human capital
39. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Supply chain
Qualitative analysis
Human resource management
Income statement
40. To an operations department - an organization's major asset after physical buildings and equipment.
Incremental budgeting
Inventory
Project
Capacity
41. Expected distribution given a random sampling of people across a large population.
Sales
Strategic management
Generation Y
Normal distribution
42. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Cost-benefit analysis
Mid-term objectives
Balanced scorecard
Amendment
43. Ability of an instrument to measure consistently.
Environmental scanning
Reliability
Sandwich generation
Staff units
44. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Divisional structure
Formula budgeting
Population
Code of ethics
45. Portion of a poplulation used to draw conclusions regarding an entire population.
Public comment period
Sample
Vision Statement
Mean
46. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Balanced scorecard
Generation X
Experiment
Program evaluation review technique (PERT) chart
47. Project management tool used to schedule - organize and coordinate tasks within a project.
Correlation
Program evaluation review technique (PERT) chart
Accounts receivable
Zero-based budgeting
48. Estimate of the total value of goods and services produced in a country in a given year.
Gross domestic product
Experiment
Break-even analysis
Income statement
49. Distance between highest and lowest scores in a set of data.
Environmental scanning
Range
Population
Human capital
50. Uses data already gathered by others and reported in various sources.
Decentralization
Promotion
Secondary research
Income statement