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






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






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






4. Measure that indicates the relationship between two variables.






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






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






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






8. Techniques for communicating information about products to consumers.






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






10. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.






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






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






13. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.






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






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






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






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






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






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






20. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.






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






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






23. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






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






32. Organization's debts and other financial obligations.






33. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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