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. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.






2. Financial - physical - and sometimes intangible properties an organization owns.






3. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.






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






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






6. Relocation of processes or functions from a "home" country to another country.






7. Project planning tool that graphically displays activities of a project in sequential order and plots against time.






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






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






10. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.






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






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






13. Research method in which certain factors(variables) are manipulated and the results are examined.






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






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






16. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).






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






18. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.






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






20. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.






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






22. For an operations department - provide the yardstick by which the amount and quality of output are measured.






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






24. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.






25. Organizational structure that combines departmentalization by division and function to gain the benefits of both.






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






27. Business function responsible for selling an organization's product to the marketplace.






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






29. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.






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






31. 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.






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






33. What an organization sells to make a profit.






34. Ability of an instrument to measure consistently.






35. Techniques for communicating information about products to consumers.






36. Money an organization owes its vendors and suppliers.






37. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.






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






39. Involves data that is gathered firsthand for a specific evaluation.






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






41. Organizational structure that defines departments by what services they contribute to the organization's overall mission.






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






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






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






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






46. Amount of owners' or shareholders' portion of a business.






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






48. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.






49. Organization's debts and other financial obligations.






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