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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. Relocation of processes or functions from a "home" country to another country.
Divisional structure
Resolution
Human Resource Information System
Offshoring
2. To an operations department - an organization's major asset after physical buildings and equipment.
Assets
Foreign Corrupt Practices Act
Generation Y
Inventory
3. Group of people born after 1980.
Generation Y
Correlation
Gantt chart
Mean
4. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Normal distribution
Strategic management
Decentralization
Gantt chart
5. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.
Program evaluation review technique (PERT) chart
Due diligence
Incremental budgeting
Balance sheet
6. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Hypothesis
Income statement
Mode
Product
7. What an organization sells to make a profit.
Product
Normal distribution
Program evaluation review technique (PERT) chart
Mode
8. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Decentralization
Bill
Standard deviation
Values
9. Organization's debts and other financial obligations.
Gross domestic product
Liabilities
Mission statement
Standards
10. Portion of a poplulation used to draw conclusions regarding an entire population.
Amendment
Sample
Human capital
Capacity
11. Business function responsible for selling an organization's product to the marketplace.
Promotion
Sales
Normal distribution
Marketing
12. Vivid - guiding image of an organization's desired future.
Vision Statement
Zero-based budgeting
Bill
Deductive reasoning
13. 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
Quorum
Inventory
Sample
14. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Secondary research
Vision Statement
Inventory
Foreign Corrupt Practices Act
15. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.
Short-term objectives
Cost-benefit analysis
Deductive reasoning
Equity
16. Techniques for communicating information about products to consumers.
Scheduling
Quorum
Deductive reasoning
Promotion
17. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.
Sandwich generation
Short-term objectives
Control
Gross domestic product
18. Organizational structure that combines departmentalization by division and function to gain the benefits of both.
Promotion
Matrix structure
Accounts receivable
Action plans
19. Money an organization's customers owe the organization.
Zero-based budgeting
Public comment period
Accounts receivable
Incremental budgeting
20. Serve a purpose similar to short-term objectives but are completed in one to three years.
Mid-term objectives
Median
Hypothesis
Inventory
21. Refers to the number of inviduals who report to a supervisor.
Span of control
Matrix structure
Vision Statement
Equity
22. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Validity
Balance sheet
Functional structure
Span of control
23. Measures the difference between what it costs to produce a product and the selling price.
Scheduling
HR audit
Gross profit margin
Resolution
24. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Hypothesis
Divestiture
Gross domestic product
Strategic planning
25. Average score or value in a set of data.
Population
Mean
Sales
Supply chain
26. Process to measure the effectiveness and efficiency of HR programs and positions.
Ethics
HR audit
Project
Median
27. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Strategic management
Control
Decentralization
Correlation
28. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Virtual organization
Long-term objectives
Hypothesis
Short-term objectives
29. Involves data that is gathered firsthand for a specific evaluation.
Foreign Corrupt Practices Act
Scientific method
Primary research
Request for proposal
30. Action of canceling or postponing a decision or bill.
Bill
Veto
Reliability
Regulation
31. Rule or order issued by a government agency; often has the force of law.
Product
Regulation
Strategies
Quantitative analysis
32. Proposal presented to a legislative body for possible enactment as a law
Span of control
Marketing
Bill
Primary research
33. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.
Supply chain
Equity
Short-term objectives
Liabilities
34. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.
Marketing
Regulation
Inductive reasoning
Human resource management
35. Amount of owners' or shareholders' portion of a business.
Equity
Inductive reasoning
Human Resource Information System
Scientific method
36. Project management tool used to schedule - organize and coordinate tasks within a project.
SWOT analysis
Program evaluation review technique (PERT) chart
Sandwich generation
Primary research
37. System of moral principles and values that establish appropriate conduct.
Ethics
Gross profit margin
Code of ethics
Income statement
38. Provide the direction that enables an organization to achieve its long-term objectives.
Strategies
Strategic management
Balanced scorecard
Decentralization
39. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.
Virtual organization
Line units
Median
Reliability
40. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Marketing
Gantt chart
Generation Y
Promotion
41. Money an organization owes its vendors and suppliers.
Centralization
Veto
Human capital
Accounts payable
42. Ability of an instrument to measure consistently.
Foreign Corrupt Practices Act
Zero-based budgeting
Reliability
Sample
43. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.
Median
Divisional structure
Code of ethics
Zero-based budgeting
44. Statement of a firm's financial position at a particular time.
Supply chain
Generation Y
Mid-term objectives
Balance sheet
45. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Cost-benefit analysis
Generation Y
Hypothesis
Environmental scanning
46. Value that occurs most frequently in a set of data
SWOT analysis
Mode
Promotion
Centralization
47. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Assets
Request for proposal
Environmental scanning
Control
48. Uses data already gathered by others and reported in various sources.
Secondary research
Inductive reasoning
Primary research
Population
49. Seeks to obtain easily quantifiable data on a limited number of measurement points.
Regulation
Quantitative analysis
Cost-benefit analysis
Action plans
50. Meaure that indicates the relationship between data items using x and y axes.
Sandwich generation
Ethics
Scatter diagram
Scientific method