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






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






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






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






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






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






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






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






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






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






11. 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.






12. 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.






13. What an organization sells to make a profit.






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






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






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






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






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






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






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






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






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






23. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






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






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






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






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






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






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






36. Project management tool used to schedule - organize and coordinate tasks within a project.






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






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






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






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






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






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






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






44. Measure that indicates the relationship between two variables.






45. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.






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






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






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






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






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