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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. Combined knowledge - skills and experience of a company's employees.
Correlation
Balance sheet
Human capital
Percentile
2. System of moral principles and values that establish appropriate conduct.
Offshoring
Sandwich generation
Human capital
Ethics
3. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Generation X
Strategic planning
Mean
Human capital
4. Involves data that is gathered firsthand for a specific evaluation.
Primary research
Formula budgeting
Accounts payable
Code of ethics
5. Research method in which certain factors(variables) are manipulated and the results are examined.
Scientific method
Equity
Median
Control
6. Work groups that conduct the major business of an organization.
Line units
Product
Generation X
Population
7. To an operations department - an organization's major asset after physical buildings and equipment.
Public comment period
Inventory
Human Resource Information System
Mode
8. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Control
Human resource management
Sandwich generation
Experiment
9. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Public comment period
Request for proposal
Sandwich generation
Equity
10. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Gross domestic product
Mid-term objectives
Line units
Decentralization
11. Estimate of the total value of goods and services produced in a country in a given year.
Divisional structure
Accounts receivable
Gross domestic product
Inductive reasoning
12. Ability of an instrument to measure consistently.
Validity
Gross profit margin
Sample
Reliability
13. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Bill
Request for proposal
Standards
Public comment period
14. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Gantt chart
Mean
Project
Human Resource Information System
15. To an operations department - the ability to yield output.
Return on Investment
Median
Capacity
Deductive reasoning
16. Rule or order issued by a government agency; often has the force of law.
Break-even analysis
Balanced scorecard
Regulation
Median
17. Relocation of processes or functions from a "home" country to another country.
Offshoring
Control
Mid-term objectives
Scheduling
18. Portion of a poplulation used to draw conclusions regarding an entire population.
Median
Strategic management
Sample
Divestiture
19. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.
Mission statement
Standard deviation
Inventory
Sales
20. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Standard deviation
Human capital
Due diligence
Strategic planning
21. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Qualitative analysis
Environmental scanning
Product
Supply chain
22. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.
Divestiture
Sandwich generation
Request for proposal
Generation X
23. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.
Formula budgeting
Generation X
Secondary research
Supply chain
24. Action of canceling or postponing a decision or bill.
Code of ethics
Veto
Product
Deductive reasoning
25. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Standards
Centralization
Accounts receivable
Liabilities
26. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Sales
Long-term objectives
Primary research
Qualitative analysis
27. Project management tool used to schedule - organize and coordinate tasks within a project.
Public comment period
Scatter diagram
Vision Statement
Program evaluation review technique (PERT) chart
28. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.
Offshoring
Percentile
Assets
Return on Investment
29. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Functional structure
Values
Strategic planning
SWOT analysis
30. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
Balanced scorecard
Strategic planning
Human Resource Information System
Centralization
31. Distance between highest and lowest scores in a set of data.
Mid-term objectives
Marketing
Range
Accounts receivable
32. Money an organization owes its vendors and suppliers.
Accounts payable
Balance sheet
Line units
Program evaluation review technique (PERT) chart
33. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Short-term objectives
Inductive reasoning
Mode
Population
34. Detailed steps a unit - department or team will take in order to achieve short term objectives
Action plans
Standards
Strategic planning
Experiment
35. Organizational structure that combines departmentalization by division and function to gain the benefits of both.
Resolution
Matrix structure
Generation X
Zero-based budgeting
36. Number of members of an organizaion that have to be present before official business may be conducted.
Quorum
Bill
Program evaluation review technique (PERT) chart
Virtual organization
37. Financial - physical - and sometimes intangible properties an organization owns.
Equity
Incremental budgeting
Income statement
Assets
38. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Resolution
Cost-benefit analysis
Income statement
Normal distribution
39. Business function responsible for selling an organization's product to the marketplace.
Normal distribution
Scatter diagram
Sales
Correlation
40. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Experiment
Liabilities
Qualitative analysis
Short-term objectives
41. Degree to which decision-making authority is restricted to higher levels of management in an organization
Standards
Mid-term objectives
Accounts payable
Centralization
42. 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.
Divestiture
Accounts receivable
Ethics
Standards
43. Process that surveys and interprets relevant data to identify external opportunities and threats.
Matrix structure
Liabilities
Environmental scanning
Strategic planning
44. Ability of an instrument to measure what it is intended to measure.
Quantitative analysis
Validity
Vision Statement
Decentralization
45. Group of people born after 1980.
Generation Y
Qualitative analysis
Return on Investment
Standard deviation
46. What an organization sells to make a profit.
Gantt chart
Product
Generation X
Median
47. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.
Long-term objectives
Human capital
Gross profit margin
Short-term objectives
48. Form of budgeting in which the prior budget is the basis for allocation of funds.
Human capital
Assets
Accounts receivable
Incremental budgeting
49. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Scheduling
Ethics
Foreign Corrupt Practices Act
Action plans
50. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Functional structure
Marketing
Program evaluation review technique (PERT) chart
Balance sheet