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






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






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






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






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






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






7. Techniques for communicating information about products to consumers.






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






9. Combined knowledge - skills and experience of a company's employees.






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






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






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






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






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






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






16. Group of people born after 1980.






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






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






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






20. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






36. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.






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






38. Organization's debts and other financial obligations.






39. 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.






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






41. 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.






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






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






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






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






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






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






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






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






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