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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






30. Project management tool used to schedule - organize and coordinate tasks within a project.






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






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






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






34. What an organization sells to make a profit.






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






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






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






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






39. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






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






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






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






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






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