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






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






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






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






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






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






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






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






9. What an organization sells to make a profit.






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






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






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






13. Provide the direction that enables an organization to achieve its long-term objectives.






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






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






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






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






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






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






20. Measure that indicates the relationship between two variables.






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






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






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






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






25. Meaure that indicates the relationship between data items using x and y axes.






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






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






28. 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.






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






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






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






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






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






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






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






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






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






38. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






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






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






47. Techniques for communicating information about products to consumers.






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






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






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