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






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






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






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






6. Action of canceling or postponing a decision or bill.






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






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






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






10. Ability of an instrument to measure consistently.






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






12. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.






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






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






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






16. What an organization sells to make a profit.






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






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






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






20. 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.






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






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






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






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






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






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






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






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






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






30. Measure that indicates the relationship between two variables.






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






32. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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