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. What an organization sells to make a profit.






2. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






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






10. 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.






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






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






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






14. Business function responsible for selling an organization's product to the marketplace.






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






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






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






18. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






33. Techniques for communicating information about products to consumers.






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






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






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






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






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






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






40. Work groups that assist line units by performing specialized services - such as HR.






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






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






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






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






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






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






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






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






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






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