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






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






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






4. Written request asking contractors to propose solutions and prices that fit customer's requirements.






5. Refers to the number of inviduals who report to a supervisor.






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






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






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






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






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






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






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






13. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.






14. Techniques for communicating information about products to consumers.






15. To an operations department - an organization's major asset after physical buildings and equipment.






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






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






18. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.






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






20. Specific point in a distribution of data that has a given percentage of cases below it.






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






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






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






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






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






26. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.






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






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






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






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






31. Work groups that assist line units by performing specialized services - such as HR.






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






33. Detailed steps a unit - department or team will take in order to achieve short term objectives






34. Estimate of the total value of goods and services produced in a country in a given year.






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






36. Money an organization's customers owe the organization.






37. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.






38. Action of canceling or postponing a decision or bill.






39. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.






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






41. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.






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






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






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






45. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.






46. Uses data already gathered by others and reported in various sources.






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






48. Organizational structure in which divisions are separated by product - customer or market or region






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






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