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






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






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






4. Form of budgeting in which the prior budget is the basis for allocation of funds.






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






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






7. Group of people born after 1980.






8. Money an organization owes its vendors and suppliers.






9. 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.






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






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






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






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






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






15. Organization's debts and other financial obligations.






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






17. Distance between highest and lowest scores in a set of data.






18. What an organization sells to make a profit.






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






20. 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.






21. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






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






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






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






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






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






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






35. Legislative measure limited in effect to either the Congress or one of its chambers.






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






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






38. Processes and activities used to formulate HR objectives practices - and policies.






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






40. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.






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






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






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






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






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






46. 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.






47. To an operations department - the ability to yield output.






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






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






50. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.