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






2. Action of canceling or postponing a decision or bill.






3. 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.






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






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






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






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






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






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






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






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






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






13. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






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






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






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






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






24. Techniques for communicating information about products to consumers.






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






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






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






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






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






30. Meaure that indicates the relationship between data items using x and y axes.






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






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






33. 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.






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






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






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






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






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






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






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






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






42. Project management tool used to schedule - organize and coordinate tasks within a project.






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






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






45. Measures the difference between what it costs to produce a product and the selling price.






46. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.






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






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






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






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