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






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






3. Group of people born after 1980.






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






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






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






7. What an organization sells to make a profit.






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






9. Organization's debts and other financial obligations.






10. Portion of a poplulation used to draw conclusions regarding an entire population.






11. Business function responsible for selling an organization's product to the marketplace.






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






13. 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.






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






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






16. Techniques for communicating information about products to consumers.






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






18. Organizational structure that combines departmentalization by division and function to gain the benefits of both.






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






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






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






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






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






24. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.






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






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






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






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






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






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






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






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






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






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






35. Amount of owners' or shareholders' portion of a business.






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






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






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






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






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






41. Money an organization owes its vendors and suppliers.






42. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






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