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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. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Human Resource Information System
Project
Deductive reasoning
Public comment period
2. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
Population
Supply chain
Human resource management
Validity
3. Principles of conduct within an organization that guide decision making and behavior.
Accounts receivable
Environmental scanning
Code of ethics
Balanced scorecard
4. Financial - physical - and sometimes intangible properties an organization owns.
Action plans
Decentralization
Marketing
Assets
5. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Deductive reasoning
Income statement
Sample
Validity
6. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.
Range
Virtual organization
Strategies
Median
7. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Gross domestic product
Standards
Standard deviation
Qualitative analysis
8. Portion of a poplulation used to draw conclusions regarding an entire population.
Generation X
Sample
Cost-benefit analysis
Break-even analysis
9. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Human resource management
Assets
Inductive reasoning
Accounts payable
10. Average score or value in a set of data.
Experiment
Mean
Human capital
Virtual organization
11. Measure that indicates the relationship between two variables.
Staff units
Veto
Correlation
Request for proposal
12. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Standards
Scientific method
Sales
Mission statement
13. Statement of a firm's financial position at a particular time.
Balance sheet
Scheduling
Supply chain
Decentralization
14. Money an organization's customers owe the organization.
Validity
Accounts receivable
Span of control
Values
15. Combined knowledge - skills and experience of a company's employees.
Matrix structure
Liabilities
Generation X
Human capital
16. Amount of owners' or shareholders' portion of a business.
Equity
Ethics
Regression
Generation Y
17. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Break-even analysis
Control
Experiment
Decentralization
18. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Balance sheet
Balanced scorecard
Environmental scanning
Gantt chart
19. Techniques for communicating information about products to consumers.
Promotion
Median
SWOT analysis
Virtual organization
20. Serve a purpose similar to short-term objectives but are completed in one to three years.
Foreign Corrupt Practices Act
Mid-term objectives
Income statement
Ethics
21. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Foreign Corrupt Practices Act
Product
Mid-term objectives
Request for proposal
22. Research method in which certain factors(variables) are manipulated and the results are examined.
Scientific method
Divestiture
Generation Y
Program evaluation review technique (PERT) chart
23. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Quorum
Sandwich generation
Functional structure
Experiment
24. Meaure that indicates the relationship between data items using x and y axes.
Supply chain
Standards
Scatter diagram
SWOT analysis
25. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.
Generation X
Correlation
Strategic management
Mission statement
26. Refers to the number of inviduals who report to a supervisor.
Inventory
Span of control
Range
Values
27. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Regulation
Strategic management
Qualitative analysis
Amendment
28. Process to measure the effectiveness and efficiency of HR programs and positions.
HR audit
Environmental scanning
Liabilities
Reliability
29. Uses data already gathered by others and reported in various sources.
Regression
Virtual organization
Bill
Secondary research
30. Provide the direction that enables an organization to achieve its long-term objectives.
Strategies
Foreign Corrupt Practices Act
Public comment period
HR audit
31. Point below which 50% of scores in a set of data lie.
Median
Code of ethics
Balance sheet
Reliability
32. Degree to which decision-making authority is restricted to higher levels of management in an organization
Values
Assets
Ethics
Centralization
33. Estimate of the total value of goods and services produced in a country in a given year.
Human capital
Virtual organization
Gross domestic product
Scatter diagram
34. Group of people born roughly between the years of 1965 and 1980.
Primary research
Experiment
Sales
Generation X
35. Work groups that assist line units by performing specialized services - such as HR.
Sales
Accounts receivable
Standards
Staff units
36. Distance between highest and lowest scores in a set of data.
Population
Range
Action plans
Quorum
37. Value that occurs most frequently in a set of data
Virtual organization
Mode
Staff units
Equity
38. Measures the difference between what it costs to produce a product and the selling price.
Generation Y
Accounts payable
Span of control
Gross profit margin
39. Ability of an instrument to measure consistently.
Strategic planning
Reliability
Primary research
Median
40. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Scheduling
Incremental budgeting
Program evaluation review technique (PERT) chart
Request for proposal
41. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Cost-benefit analysis
Primary research
Promotion
Sample
42. Legislative measure limited in effect to either the Congress or one of its chambers.
Resolution
Supply chain
Correlation
Bill
43. Vivid - guiding image of an organization's desired future.
Vision Statement
Zero-based budgeting
Values
Reliability
44. Number of members of an organizaion that have to be present before official business may be conducted.
HR audit
Human resource management
Quorum
Balanced scorecard
45. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).
Correlation
Marketing
Amendment
Due diligence
46. Group of people born after 1980.
Generation Y
Public comment period
Mode
Return on Investment
47. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Inductive reasoning
Long-term objectives
Strategies
Functional structure
48. Involves data that is gathered firsthand for a specific evaluation.
Median
Income statement
Primary research
Marketing
49. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
Human Resource Information System
Equity
Inventory
Quantitative analysis
50. Organizational structure in which divisions are separated by product - customer or market or region
Line units
Short-term objectives
Staff units
Divisional structure