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






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






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






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






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






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






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






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






9. Group of people born after 1980.






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






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






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






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






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






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






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






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






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






19. Process that surveys and interprets relevant data to identify external opportunities and threats.






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






21. Measurement approach that provides an overall picture of an organization's performance as measured against goals in finance - customers - internal business processes - learning - and growth.






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






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






24. What an organization sells to make a profit.






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






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






27. Meaure that refers to the causal effect of one variable upon another.






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






29. 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.






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






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






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






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






34. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.






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






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






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






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






39. Measure that indicates the relationship between two variables.






40. Ability of an instrument to measure consistently.






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






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






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






44. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.






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






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






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






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






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






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