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






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






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






4. 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.






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






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






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






8. 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.






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






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






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






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






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






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






15. Measure that indicates the relationship between two variables.






16. Combined knowledge - skills and experience of a company's employees.






17. Point below which 50% of scores in a set of data lie.






18. Vivid - guiding image of an organization's desired future.






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






20. What an organization sells to make a profit.






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






22. Organization's debts and other financial obligations.






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






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






25. Rule or order issued by a government agency; often has the force of law.






26. 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.






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






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






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






30. Techniques for communicating information about products to consumers.






31. Written request asking contractors to propose solutions and prices that fit customer's requirements.






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






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






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






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






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






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






38. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






46. Group of people born after 1980.






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






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






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






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