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Test your basic knowledge |
Strategic Management
Start Test
Study First
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. 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.
Experiment
Human capital
Balanced scorecard
Scheduling
2. Detailed steps a unit - department or team will take in order to achieve short term objectives
Action plans
Assets
Centralization
Human Resource Information System
3. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Income statement
Balanced scorecard
Inductive reasoning
Break-even analysis
4. System of moral principles and values that establish appropriate conduct.
Long-term objectives
Break-even analysis
Cost-benefit analysis
Ethics
5. Uses data already gathered by others and reported in various sources.
Sales
Accounts payable
Secondary research
Inductive reasoning
6. To an operations department - an organization's major asset after physical buildings and equipment.
Environmental scanning
Regression
Inventory
Break-even analysis
7. Organizational structure that combines departmentalization by division and function to gain the benefits of both.
Gross profit margin
Deductive reasoning
Supply chain
Matrix structure
8. Organization's debts and other financial obligations.
Hypothesis
Regression
Liabilities
Qualitative analysis
9. Meaure that refers to the causal effect of one variable upon another.
Regulation
Program evaluation review technique (PERT) chart
Regression
Qualitative analysis
10. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Due diligence
Reliability
Matrix structure
Inductive reasoning
11. Specific point in a distribution of data that has a given percentage of cases below it.
Marketing
Percentile
Action plans
Supply chain
12. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Supply chain
Scheduling
Sales
Bill
13. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Median
Promotion
Mode
Experiment
14. Measure that indicates the relationship between two variables.
Code of ethics
Ethics
Population
Correlation
15. Value that occurs most frequently in a set of data
Strategic management
Mode
Vision Statement
Deductive reasoning
16. Ability of an instrument to measure what it is intended to measure.
Control
Validity
Human resource management
Quantitative analysis
17. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.
Human Resource Information System
Human resource management
Gross profit margin
Sandwich generation
18. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.
Project
Virtual organization
Ethics
Inductive reasoning
19. 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.
Gross profit margin
Product
Liabilities
Project
20. Expected distribution given a random sampling of people across a large population.
Correlation
Inductive reasoning
Normal distribution
Percentile
21. Process that surveys and interprets relevant data to identify external opportunities and threats.
Quantitative analysis
Veto
Regression
Environmental scanning
22. Portion of a poplulation used to draw conclusions regarding an entire population.
Human capital
Vision Statement
Sample
Public comment period
23. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.
Project
Marketing
Control
Ethics
24. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Median
Request for proposal
Regression
Veto
25. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.
Gross domestic product
Equity
Validity
Deductive reasoning
26. Ability of an instrument to measure consistently.
Regulation
Reliability
Foreign Corrupt Practices Act
Product
27. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Foreign Corrupt Practices Act
Percentile
Equity
Scatter diagram
28. Average score or value in a set of data.
Code of ethics
Ethics
Mean
Promotion
29. Statement of a firm's financial position at a particular time.
Values
Short-term objectives
Balance sheet
Primary research
30. Number of members of an organizaion that have to be present before official business may be conducted.
Quorum
Quantitative analysis
Equity
Qualitative analysis
31. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Income statement
Return on Investment
Decentralization
Line units
32. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Cost-benefit analysis
Quantitative analysis
Correlation
Sample
33. Form of budgeting in which the prior budget is the basis for allocation of funds.
Incremental budgeting
Request for proposal
Functional structure
Generation X
34. 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.
Strategic planning
Human capital
Divestiture
Mid-term objectives
35. Distance between highest and lowest scores in a set of data.
Population
Range
Sample
Decentralization
36. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Hypothesis
Qualitative analysis
Assets
Generation X
37. Group of people born roughly between the years of 1965 and 1980.
Code of ethics
Return on Investment
Generation X
Values
38. Seeks to obtain easily quantifiable data on a limited number of measurement points.
Environmental scanning
Quantitative analysis
Regulation
Project
39. Refers to the number of inviduals who report to a supervisor.
Gantt chart
Promotion
Quantitative analysis
Span of control
40. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.
Regression
Generation X
Promotion
Zero-based budgeting
41. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Centralization
Long-term objectives
Income statement
Population
42. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Supply chain
Generation X
Standards
Divestiture
43. Proposal presented to a legislative body for possible enactment as a law
Bill
Inductive reasoning
Sample
Strategic planning
44. Provide the direction that enables an organization to achieve its long-term objectives.
Mean
Strategies
Control
Human resource management
45. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Assets
Virtual organization
Strategic planning
Zero-based budgeting
46. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Inductive reasoning
Regression
Hypothesis
Experiment
47. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Code of ethics
Long-term objectives
Assets
Functional structure
48. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).
Incremental budgeting
Scientific method
Amendment
Scatter diagram
49. Vehicle for collecting information on an organization's current strengths - weaknesses - opportunities - and threats.
Break-even analysis
SWOT analysis
Strategic management
Foreign Corrupt Practices Act
50. Combined knowledge - skills and experience of a company's employees.
Human capital
Mid-term objectives
Offshoring
Divestiture