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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. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Generation X
Values
Strategic planning
Balanced scorecard
2. Ability of an instrument to measure consistently.
Reliability
Correlation
Program evaluation review technique (PERT) chart
Decentralization
3. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.
Deductive reasoning
Reliability
Supply chain
SWOT analysis
4. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.
Generation Y
Primary research
Virtual organization
Generation X
5. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Cost-benefit analysis
Functional structure
Quorum
Gross profit margin
6. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Break-even analysis
Human capital
Long-term objectives
Marketing
7. Average score or value in a set of data.
Inventory
Control
Mean
Code of ethics
8. Business function responsible for selling an organization's product to the marketplace.
Income statement
Foreign Corrupt Practices Act
Sales
Strategic management
9. Provide the direction that enables an organization to achieve its long-term objectives.
Strategies
Liabilities
Matrix structure
Human resource management
10. Refers to the number of inviduals who report to a supervisor.
Marketing
Correlation
Hypothesis
Span of control
11. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Request for proposal
SWOT analysis
Public comment period
Inductive reasoning
12. 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.
Decentralization
Bill
Project
Promotion
13. Detailed steps a unit - department or team will take in order to achieve short term objectives
Action plans
Incremental budgeting
Population
Capacity
14. Number of members of an organizaion that have to be present before official business may be conducted.
Offshoring
Income statement
Inductive reasoning
Quorum
15. Work groups that conduct the major business of an organization.
Median
Product
Program evaluation review technique (PERT) chart
Line units
16. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Offshoring
Sandwich generation
Zero-based budgeting
Income statement
17. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Break-even analysis
Strategic management
Short-term objectives
Amendment
18. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
SWOT analysis
Divestiture
Scatter diagram
Control
19. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Standard deviation
Control
Scatter diagram
Mission statement
20. Combined knowledge - skills and experience of a company's employees.
Supply chain
Sample
Validity
Human capital
21. Work groups that assist line units by performing specialized services - such as HR.
Mid-term objectives
Staff units
Virtual organization
Action plans
22. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.
Balanced scorecard
Strategic planning
Zero-based budgeting
Formula budgeting
23. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Sales
Request for proposal
Gross profit margin
Strategies
24. Action of canceling or postponing a decision or bill.
Veto
Capacity
Human resource management
Population
25. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Population
Standards
Qualitative analysis
Incremental budgeting
26. Involves data that is gathered firsthand for a specific evaluation.
Control
Primary research
Centralization
Ethics
27. Proposal presented to a legislative body for possible enactment as a law
Gross profit margin
Action plans
Return on Investment
Bill
28. Specific point in a distribution of data that has a given percentage of cases below it.
Human Resource Information System
Primary research
Percentile
Formula budgeting
29. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.
Regulation
Return on Investment
Balanced scorecard
Sample
30. Vehicle for collecting information on an organization's current strengths - weaknesses - opportunities - and threats.
Range
Liabilities
SWOT analysis
Gantt chart
31. Statement of a firm's financial position at a particular time.
Assets
Public comment period
Balance sheet
Project
32. Relocation of processes or functions from a "home" country to another country.
Vision Statement
Offshoring
Virtual organization
Inductive reasoning
33. Form of budgeting in which the prior budget is the basis for allocation of funds.
Incremental budgeting
Balance sheet
Long-term objectives
Span of control
34. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Hypothesis
Population
HR audit
Sales
35. Group of people born after 1980.
Generation Y
Values
Quorum
HR audit
36. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
Accounts receivable
Centralization
Human Resource Information System
Generation X
37. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Population
Due diligence
Program evaluation review technique (PERT) chart
Experiment
38. Meaure that refers to the causal effect of one variable upon another.
Formula budgeting
Scheduling
Centralization
Regression
39. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.
Marketing
Quantitative analysis
Offshoring
Primary research
40. Meaure that indicates the relationship between data items using x and y axes.
Deductive reasoning
Gross domestic product
Scatter diagram
Due diligence
41. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Sandwich generation
Control
Public comment period
Liabilities
42. Legislative measure limited in effect to either the Congress or one of its chambers.
Generation Y
Resolution
Veto
Matrix structure
43. Vivid - guiding image of an organization's desired future.
Normal distribution
Human resource management
Vision Statement
Strategies
44. To an operations department - the ability to yield output.
Formula budgeting
Due diligence
Capacity
Mid-term objectives
45. Uses data already gathered by others and reported in various sources.
Accounts payable
Staff units
Secondary research
Break-even analysis
46. Project management tool used to schedule - organize and coordinate tasks within a project.
Program evaluation review technique (PERT) chart
Liabilities
Due diligence
Promotion
47. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Equity
Standards
Break-even analysis
Code of ethics
48. Ability of an instrument to measure what it is intended to measure.
Public comment period
Income statement
Break-even analysis
Validity
49. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Gantt chart
Correlation
Due diligence
Short-term objectives
50. System of moral principles and values that establish appropriate conduct.
Incremental budgeting
Line units
Mean
Ethics