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






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






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






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






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






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






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






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






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






10. Group of people born after 1980.






11. Measure that indicates the relationship between two variables.






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






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






14. What an organization sells to make a profit.






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






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






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






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






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






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






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






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






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






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






25. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






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






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






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






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






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






38. 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.






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






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






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






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






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






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






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






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






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






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






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






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