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






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






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






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






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






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






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






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






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






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






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






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






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






14. What an organization sells to make a profit.






15. 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.






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






17. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






39. Sale by a company of an asset that is not performing well - that is not core to the company's business - or that is worth more as a separate entity.






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






41. Group of people born after 1980.






42. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.






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






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






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






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






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






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






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






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