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






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






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






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






5. Techniques for communicating information about products to consumers.






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






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






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






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






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






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






12. What an organization sells to make a profit.






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






14. Organization's debts and other financial obligations.






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






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






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






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






19. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.






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






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






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






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






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






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






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






27. Process to measure the effectiveness and efficiency of HR programs and positions.






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






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






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






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






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






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






34. 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.






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






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






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






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






39. Vivid - guiding image of an organization's desired future.






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






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






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






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






44. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.






45. Point below which 50% of scores in a set of data lie.






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






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






48. Group of people born after 1980.






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






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