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






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






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






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






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






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






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






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






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






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






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






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






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






14. 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.






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






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






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






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






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






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






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






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






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






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






25. Measure that indicates how much scores in a set of data are spread out around a mean or average.






26. Money an organization owes its vendors and suppliers.






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






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






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






30. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






38. Ability of an instrument to measure consistently.






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






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






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






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






43. 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.






44. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.






45. Techniques for communicating information about products to consumers.






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






47. Distance between highest and lowest scores in a set of data.






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






49. What an organization sells to make a profit.






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