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






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






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






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






5. Ability of an instrument to measure consistently.






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






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






8. Organization's debts and other financial obligations.






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






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






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






12. Process to measure the effectiveness and efficiency of HR programs and positions.






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






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






15. Group of people born after 1980.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






48. 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.






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






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