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. 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.






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






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






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






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






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






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






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






9. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






34. Group of people born after 1980.






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






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






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






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






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






40. Seeks to obtain easily quantifiable data on a limited number of measurement points.






41. Organization's debts and other financial obligations.






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






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






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






45. What an organization sells to make a profit.






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






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






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






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






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