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Test your basic knowledge |
Strategic Management
Start Test
Study First
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. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Secondary research
Normal distribution
Foreign Corrupt Practices Act
Mission statement
2. Project management tool used to schedule - organize and coordinate tasks within a project.
Incremental budgeting
Program evaluation review technique (PERT) chart
Virtual organization
Code of ethics
3. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Quantitative analysis
Short-term objectives
Population
Amendment
4. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Population
Balanced scorecard
Control
Mission statement
5. To an operations department - an organization's major asset after physical buildings and equipment.
Generation Y
Regulation
Hypothesis
Inventory
6. Form of budgeting in which the prior budget is the basis for allocation of funds.
Quorum
Incremental budgeting
Code of ethics
Accounts receivable
7. Provide the direction that enables an organization to achieve its long-term objectives.
Gross profit margin
Strategies
Deductive reasoning
Qualitative analysis
8. 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.
Span of control
Bill
Break-even analysis
Divestiture
9. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Due diligence
Inventory
Balance sheet
Functional structure
10. Processes and activities used to formulate HR objectives practices - and policies.
Strategic management
Public comment period
Balance sheet
Qualitative analysis
11. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.
Short-term objectives
Foreign Corrupt Practices Act
Regression
Deductive reasoning
12. Money an organization owes its vendors and suppliers.
Regulation
Marketing
Accounts payable
Strategies
13. Ability of an instrument to measure what it is intended to measure.
Validity
Staff units
Break-even analysis
Mean
14. Techniques for communicating information about products to consumers.
Human capital
Promotion
Qualitative analysis
Range
15. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Inventory
Span of control
Strategic planning
Break-even analysis
16. Ability of an instrument to measure consistently.
Reliability
Public comment period
Centralization
Line units
17. Relocation of processes or functions from a "home" country to another country.
Offshoring
Public comment period
Environmental scanning
Resolution
18. 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.
Project
Gross domestic product
Promotion
Decentralization
19. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
Gross profit margin
Standard deviation
Centralization
Human Resource Information System
20. Vehicle for collecting information on an organization's current strengths - weaknesses - opportunities - and threats.
SWOT analysis
Deductive reasoning
Program evaluation review technique (PERT) chart
Matrix structure
21. Distance between highest and lowest scores in a set of data.
Strategic planning
Range
Sample
Break-even analysis
22. Degree to which decision-making authority is restricted to higher levels of management in an organization
Mid-term objectives
Strategies
Amendment
Centralization
23. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.
Scheduling
Return on Investment
Zero-based budgeting
Functional structure
24. Specific point in a distribution of data that has a given percentage of cases below it.
Short-term objectives
Hypothesis
Zero-based budgeting
Percentile
25. Process to measure the effectiveness and efficiency of HR programs and positions.
HR audit
Divisional structure
Gross domestic product
Bill
26. Proposal presented to a legislative body for possible enactment as a law
Human capital
Reliability
Balance sheet
Bill
27. Average score or value in a set of data.
Sales
Mean
Strategic management
Divisional structure
28. Combined knowledge - skills and experience of a company's employees.
Virtual organization
Program evaluation review technique (PERT) chart
Human capital
Zero-based budgeting
29. Financial - physical - and sometimes intangible properties an organization owns.
Assets
Income statement
Inventory
Line units
30. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.
Deductive reasoning
Strategies
Due diligence
Cost-benefit analysis
31. Measures the difference between what it costs to produce a product and the selling price.
Accounts receivable
Gross profit margin
Balanced scorecard
Accounts payable
32. Meaure that refers to the causal effect of one variable upon another.
Regression
Primary research
Accounts payable
Formula budgeting
33. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Liabilities
Strategic planning
Hypothesis
Qualitative analysis
34. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Scheduling
Generation X
Environmental scanning
Promotion
35. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Gantt chart
Long-term objectives
Generation Y
Supply chain
36. Money an organization's customers owe the organization.
Line units
Product
Accounts receivable
Cost-benefit analysis
37. Estimate of the total value of goods and services produced in a country in a given year.
Gross domestic product
Assets
Cost-benefit analysis
Liabilities
38. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Matrix structure
Resolution
Qualitative analysis
Strategies
39. What an organization sells to make a profit.
Line units
Product
Sample
Cost-benefit analysis
40. Process that surveys and interprets relevant data to identify external opportunities and threats.
Human Resource Information System
Gross profit margin
Environmental scanning
Sample
41. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.
Virtual organization
Veto
Sandwich generation
Regulation
42. Involves data that is gathered firsthand for a specific evaluation.
Project
Bill
Primary research
Control
43. Research method in which certain factors(variables) are manipulated and the results are examined.
Median
Scientific method
Vision Statement
Sandwich generation
44. Value that occurs most frequently in a set of data
Human capital
Mode
Virtual organization
Cost-benefit analysis
45. Seeks to obtain easily quantifiable data on a limited number of measurement points.
Quantitative analysis
Return on Investment
Deductive reasoning
Decentralization
46. Business function responsible for selling an organization's product to the marketplace.
Accounts payable
Accounts receivable
Sales
Mean
47. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.
Span of control
Mode
Inventory
Marketing
48. Detailed steps a unit - department or team will take in order to achieve short term objectives
Mode
Generation X
Action plans
Median
49. Statement of a firm's financial position at a particular time.
Secondary research
Inventory
Human capital
Balance sheet
50. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Veto
Functional structure
Values
Offshoring