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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. Rule or order issued by a government agency; often has the force of law.
Mission statement
Regulation
Equity
Quorum
2. To an operations department - the ability to yield output.
Ethics
Capacity
Public comment period
Product
3. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Virtual organization
Break-even analysis
Return on Investment
Assets
4. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Mode
Gross domestic product
Human resource management
Values
5. Money an organization's customers owe the organization.
Strategic management
Validity
Accounts receivable
Standards
6. Legislative measure limited in effect to either the Congress or one of its chambers.
Resolution
Income statement
Accounts payable
Capacity
7. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).
Marketing
SWOT analysis
Correlation
Amendment
8. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.
Staff units
Mission statement
Supply chain
Balanced scorecard
9. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Experiment
Hypothesis
Divestiture
Bill
10. Measures the difference between what it costs to produce a product and the selling price.
Marketing
Gross profit margin
Divisional structure
Experiment
11. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Vision Statement
Ethics
Divisional structure
Standard deviation
12. What an organization sells to make a profit.
Resolution
Human resource management
Mission statement
Product
13. Degree to which decision-making authority is restricted to higher levels of management in an organization
Deductive reasoning
Foreign Corrupt Practices Act
Centralization
Veto
14. To an operations department - an organization's major asset after physical buildings and equipment.
Range
Inventory
Action plans
Bill
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.
Balanced scorecard
Quantitative analysis
Secondary research
Promotion
16. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Break-even analysis
Qualitative analysis
Supply chain
Inventory
17. Relocation of processes or functions from a "home" country to another country.
Formula budgeting
Long-term objectives
Assets
Offshoring
18. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Inductive reasoning
Sample
Veto
Quantitative analysis
19. Money an organization owes its vendors and suppliers.
Mid-term objectives
Accounts receivable
Generation X
Accounts payable
20. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Hypothesis
Generation X
Gross domestic product
Inventory
21. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.
Due diligence
Accounts receivable
Long-term objectives
Amendment
22. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Long-term objectives
Program evaluation review technique (PERT) chart
Human resource management
Gantt chart
23. Combined knowledge - skills and experience of a company's employees.
Human capital
Request for proposal
Scatter diagram
Promotion
24. Work groups that conduct the major business of an organization.
Staff units
Public comment period
Line units
Bill
25. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Sandwich generation
Strategic planning
Offshoring
Cost-benefit analysis
26. Value that occurs most frequently in a set of data
Mode
Sales
Project
Quantitative analysis
27. Principles of conduct within an organization that guide decision making and behavior.
Divisional structure
Inductive reasoning
Code of ethics
Ethics
28. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
Generation Y
Population
Marketing
Human Resource Information System
29. Proposal presented to a legislative body for possible enactment as a law
Human capital
Public comment period
Inventory
Bill
30. Number of members of an organizaion that have to be present before official business may be conducted.
Code of ethics
Quorum
Short-term objectives
Primary research
31. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.
Line units
Marketing
Sample
Scientific method
32. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.
Income statement
Virtual organization
Supply chain
Control
33. Financial - physical - and sometimes intangible properties an organization owns.
Capacity
Quorum
Action plans
Assets
34. Business function responsible for selling an organization's product to the marketplace.
Standard deviation
Product
Veto
Sales
35. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Sample
SWOT analysis
Supply chain
Long-term objectives
36. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Hypothesis
Equity
Population
Gross domestic product
37. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
Human resource management
Primary research
Promotion
Return on Investment
38. Meaure that indicates the relationship between data items using x and y axes.
Action plans
Product
Scatter diagram
Capacity
39. Involves data that is gathered firsthand for a specific evaluation.
Foreign Corrupt Practices Act
Standards
SWOT analysis
Primary research
40. Process that surveys and interprets relevant data to identify external opportunities and threats.
Line units
Environmental scanning
Correlation
Human resource management
41. Estimate of the total value of goods and services produced in a country in a given year.
Gross domestic product
Break-even analysis
Strategies
Control
42. Serve a purpose similar to short-term objectives but are completed in one to three years.
Veto
Mid-term objectives
Human resource management
Zero-based budgeting
43. Processes and activities used to formulate HR objectives practices - and policies.
Action plans
Strategic management
Return on Investment
Project
44. Measure that indicates the relationship between two variables.
Correlation
Capacity
Control
Strategies
45. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Amendment
Quantitative analysis
Scheduling
Virtual organization
46. Organizational structure that combines departmentalization by division and function to gain the benefits of both.
Strategic management
Matrix structure
Mission statement
Income statement
47. Group of people born roughly between the years of 1965 and 1980.
Generation X
Zero-based budgeting
Centralization
Values
48. Organization's debts and other financial obligations.
Line units
Marketing
Liabilities
Balanced scorecard
49. Specific point in a distribution of data that has a given percentage of cases below it.
Centralization
Gantt chart
Median
Percentile
50. 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.
Income statement
Human Resource Information System
Decentralization
Project