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






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






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






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






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






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






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






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






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






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






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






12. Money an organization's customers owe the organization.






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






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






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






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






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






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






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






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






21. Techniques for communicating information about products to consumers.






22. Estimate of the total value of goods and services produced in a country in a given year.






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






24. Measure that indicates the relationship between two variables.






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






26. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






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






35. Processes and activities used to formulate HR objectives practices - and policies.






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






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






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






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






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






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






42. Group of people born after 1980.






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






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






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






46. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.






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






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






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






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