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






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






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






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






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






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






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






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






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






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






11. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






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






19. Techniques for communicating information about products to consumers.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






39. Ability of an instrument to measure consistently.






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






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






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






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






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






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






46. Group of people born after 1980.






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






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






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






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