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. Seeks to obtain easily quantifiable data on a limited number of measurement points.






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






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






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






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






6. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






14. 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.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






31. Techniques for communicating information about products to consumers.






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






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






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






35. Processes and activities used to formulate HR objectives practices - and policies.






36. Money an organization owes its vendors and suppliers.






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






38. Organization's debts and other financial obligations.






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






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






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






42. Form of budgeting in which the prior budget is the basis for allocation of funds.






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






44. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.






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






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






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






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






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






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