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






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






3. Series of tasks and activities that has a stated goal and objectives - a schedule with defined start and end dates - and a budget that sets limits on the use of monetary and human resources.






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






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






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






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






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






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






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






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






12. What an organization sells to make a profit.






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






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






15. Group of people born after 1980.






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






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






18. Techniques for communicating information about products to consumers.






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






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






21. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






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






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






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






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






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






33. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






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






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






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






43. Ability of an instrument to measure consistently.






44. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.






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






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






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






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






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






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