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






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






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






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






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






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






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






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






9. Money an organization owes its vendors and suppliers.






10. Group of people born after 1980.






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






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






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






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






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






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






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






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






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






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






21. What an organization sells to make a profit.






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






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






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






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






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






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






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






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






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






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






32. System of moral principles and values that establish appropriate conduct.






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






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






35. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.






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






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






38. 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.






39. Process that surveys and interprets relevant data to identify external opportunities and threats.






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






41. Organization's debts and other financial obligations.






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






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






44. Techniques for communicating information about products to consumers.






45. 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.






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






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






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






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






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