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






2. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






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






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






12. 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.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






35. Group of people born after 1980.






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






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






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






39. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.






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






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






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






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






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






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






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






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






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






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






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