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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






18. Degree to which decision-making authority is restricted to higher levels of management in an organization






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






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






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






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






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






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






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






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






27. Amount of owners' or shareholders' portion of a business.






28. Money an organization owes its vendors and suppliers.






29. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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