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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. Measure that indicates the relationship between two variables.
Correlation
Decentralization
Centralization
Product
2. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).
Foreign Corrupt Practices Act
Amendment
Long-term objectives
Generation X
3. Business function responsible for selling an organization's product to the marketplace.
Sales
Population
Mid-term objectives
Percentile
4. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
Promotion
Percentile
Human resource management
Environmental scanning
5. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Resolution
HR audit
Income statement
Long-term objectives
6. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Regression
Short-term objectives
Control
Deductive reasoning
7. Organization's debts and other financial obligations.
Capacity
Liabilities
Centralization
Equity
8. Form of budgeting in which the prior budget is the basis for allocation of funds.
Reliability
Incremental budgeting
Divestiture
Resolution
9. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Public comment period
Reliability
Strategies
Gantt chart
10. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Scheduling
Generation X
Normal distribution
Inventory
11. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
Human Resource Information System
SWOT analysis
Range
Population
12. Expected distribution given a random sampling of people across a large population.
Bill
Normal distribution
Generation Y
Assets
13. System of moral principles and values that establish appropriate conduct.
Ethics
Validity
Hypothesis
Quantitative analysis
14. Involves data that is gathered firsthand for a specific evaluation.
Functional structure
Primary research
Foreign Corrupt Practices Act
Bill
15. Money an organization owes its vendors and suppliers.
Range
Accounts payable
Break-even analysis
Offshoring
16. Uses data already gathered by others and reported in various sources.
Sample
Secondary research
Mission statement
SWOT analysis
17. Point below which 50% of scores in a set of data lie.
Decentralization
Assets
Median
Scatter diagram
18. Financial - physical - and sometimes intangible properties an organization owns.
HR audit
Deductive reasoning
Assets
Environmental scanning
19. Serve a purpose similar to short-term objectives but are completed in one to three years.
Sales
Validity
Mid-term objectives
Capacity
20. Legislative measure limited in effect to either the Congress or one of its chambers.
Gross domestic product
Resolution
SWOT analysis
Range
21. Provide the direction that enables an organization to achieve its long-term objectives.
Cost-benefit analysis
Divestiture
Strategic management
Strategies
22. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.
Vision Statement
Ethics
Formula budgeting
Span of control
23. Meaure that indicates the relationship between data items using x and y axes.
Centralization
Liabilities
Scatter diagram
Functional structure
24. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Strategic planning
Inductive reasoning
Balanced scorecard
Strategies
25. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.
Median
Standard deviation
Staff units
Return on Investment
26. Degree to which decision-making authority is restricted to higher levels of management in an organization
Ethics
Staff units
Code of ethics
Centralization
27. Seeks to obtain easily quantifiable data on a limited number of measurement points.
Program evaluation review technique (PERT) chart
Inventory
Quantitative analysis
Divisional structure
28. Process to measure the effectiveness and efficiency of HR programs and positions.
Equity
Matrix structure
HR audit
Supply chain
29. Amount of owners' or shareholders' portion of a business.
Human capital
Equity
Income statement
Control
30. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Program evaluation review technique (PERT) chart
Sales
Offshoring
Hypothesis
31. What an organization sells to make a profit.
Product
Normal distribution
Mission statement
Percentile
32. Number of members of an organizaion that have to be present before official business may be conducted.
Zero-based budgeting
Quorum
Inventory
Primary research
33. Group of people born after 1980.
Generation Y
Balance sheet
Mid-term objectives
Project
34. Ability of an instrument to measure what it is intended to measure.
Validity
Primary research
Return on Investment
Zero-based budgeting
35. Estimate of the total value of goods and services produced in a country in a given year.
Matrix structure
Zero-based budgeting
Span of control
Gross domestic product
36. Refers to the number of inviduals who report to a supervisor.
Equity
Assets
Span of control
Foreign Corrupt Practices Act
37. Specific point in a distribution of data that has a given percentage of cases below it.
Regression
Code of ethics
Virtual organization
Percentile
38. 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.
Resolution
Income statement
Strategies
Balanced scorecard
39. Ability of an instrument to measure consistently.
Action plans
Reliability
Virtual organization
Median
40. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Values
Accounts receivable
Quorum
Population
41. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Percentile
Values
Gantt chart
Human Resource Information System
42. Relocation of processes or functions from a "home" country to another country.
Offshoring
Regulation
Span of control
Request for proposal
43. 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
Request for proposal
Gantt chart
Ethics
44. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Liabilities
Accounts receivable
Experiment
Staff units
45. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Reliability
Hypothesis
Project
Break-even analysis
46. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Deductive reasoning
Staff units
Human capital
Standard deviation
47. 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.
Offshoring
Program evaluation review technique (PERT) chart
Project
Public comment period
48. Work groups that conduct the major business of an organization.
Project
Hypothesis
Short-term objectives
Line units
49. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Values
Mission statement
Decentralization
Mid-term objectives
50. Detailed steps a unit - department or team will take in order to achieve short term objectives
Inductive reasoning
Action plans
Cost-benefit analysis
Request for proposal