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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. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Gantt chart
Hypothesis
Inductive reasoning
Resolution
2. Degree to which decision-making authority is restricted to higher levels of management in an organization
Break-even analysis
Equity
Centralization
Supply chain
3. Financial - physical - and sometimes intangible properties an organization owns.
Human Resource Information System
Qualitative analysis
Assets
Correlation
4. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.
Reliability
Promotion
Divisional structure
Mission statement
5. Vivid - guiding image of an organization's desired future.
Offshoring
Vision Statement
Accounts receivable
Range
6. Statement of a firm's financial position at a particular time.
Deductive reasoning
Strategic management
Standards
Balance sheet
7. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Due diligence
Short-term objectives
Promotion
Cost-benefit analysis
8. Point below which 50% of scores in a set of data lie.
Action plans
Project
Values
Median
9. Portion of a poplulation used to draw conclusions regarding an entire population.
Cost-benefit analysis
Scheduling
Sample
Code of ethics
10. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
HR audit
Equity
Human resource management
Primary research
11. Specific point in a distribution of data that has a given percentage of cases below it.
Gross profit margin
Quantitative analysis
Percentile
Experiment
12. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Formula budgeting
Scatter diagram
Median
Experiment
13. Form of budgeting in which the prior budget is the basis for allocation of funds.
Values
Incremental budgeting
Validity
Staff units
14. Work groups that assist line units by performing specialized services - such as HR.
Staff units
Accounts payable
Gantt chart
Values
15. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Human Resource Information System
Mean
Functional structure
Veto
16. Average score or value in a set of data.
Generation Y
Mean
Secondary research
Offshoring
17. Action of canceling or postponing a decision or bill.
Amendment
Veto
Inventory
Balanced scorecard
18. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Regression
Offshoring
Scheduling
Standards
19. Group of people born roughly between the years of 1965 and 1980.
HR audit
Normal distribution
Sandwich generation
Generation X
20. Research method in which certain factors(variables) are manipulated and the results are examined.
Regulation
Scientific method
Program evaluation review technique (PERT) chart
Generation Y
21. Processes and activities used to formulate HR objectives practices - and policies.
Strategic management
Liabilities
Due diligence
Marketing
22. Serve a purpose similar to short-term objectives but are completed in one to three years.
Sales
Mid-term objectives
Public comment period
Amendment
23. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Scheduling
Return on Investment
Resolution
Standards
24. Group of people born after 1980.
Human capital
Generation Y
Resolution
Deductive reasoning
25. Organizational structure that combines departmentalization by division and function to gain the benefits of both.
Mid-term objectives
Resolution
Marketing
Matrix structure
26. Provide the direction that enables an organization to achieve its long-term objectives.
Gross profit margin
Strategies
Balance sheet
Break-even analysis
27. 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.
Balance sheet
Line units
Marketing
Balanced scorecard
28. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Accounts payable
Capacity
Population
Centralization
29. Number of members of an organizaion that have to be present before official business may be conducted.
Balanced scorecard
Staff units
Quorum
Validity
30. Measure that indicates the relationship between two variables.
Cost-benefit analysis
Strategies
Marketing
Correlation
31. Meaure that refers to the causal effect of one variable upon another.
Human capital
Request for proposal
Divestiture
Regression
32. Rule or order issued by a government agency; often has the force of law.
Regulation
Balanced scorecard
Correlation
Vision Statement
33. Involves data that is gathered firsthand for a specific evaluation.
Population
Primary research
Amendment
Qualitative analysis
34. Business function responsible for selling an organization's product to the marketplace.
Sales
Equity
Matrix structure
Accounts payable
35. Ability of an instrument to measure what it is intended to measure.
Validity
Liabilities
Ethics
Incremental budgeting
36. Relocation of processes or functions from a "home" country to another country.
Regulation
Offshoring
Gross profit margin
Control
37. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Promotion
Public comment period
Standard deviation
Mode
38. To an operations department - the ability to yield output.
Functional structure
Divisional structure
Human capital
Capacity
39. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.
Program evaluation review technique (PERT) chart
Deductive reasoning
Median
Break-even analysis
40. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Values
Divisional structure
Due diligence
Request for proposal
41. Process that surveys and interprets relevant data to identify external opportunities and threats.
Scatter diagram
Sales
Environmental scanning
Due diligence
42. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.
Promotion
Experiment
Virtual organization
Long-term objectives
43. Value that occurs most frequently in a set of data
Control
Generation Y
Mode
Equity
44. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.
Primary research
Inductive reasoning
Scatter diagram
Marketing
45. Proposal presented to a legislative body for possible enactment as a law
Human resource management
Divestiture
Bill
Regression
46. Distance between highest and lowest scores in a set of data.
Range
Correlation
Human Resource Information System
Population
47. Money an organization owes its vendors and suppliers.
Incremental budgeting
Accounts payable
Foreign Corrupt Practices Act
Divisional structure
48. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.
Range
Strategic planning
Return on Investment
Gross domestic product
49. Uses data already gathered by others and reported in various sources.
Product
Break-even analysis
Secondary research
Scheduling
50. Estimate of the total value of goods and services produced in a country in a given year.
Promotion
Range
Gross domestic product
Hypothesis