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. Ability of an instrument to measure consistently.






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






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






4. 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.






5. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






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






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






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






15. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.






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






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






18. For an operations department - provide the yardstick by which the amount and quality of output are measured.






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






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






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






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






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






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






25. What an organization sells to make a profit.






26. Techniques for communicating information about products to consumers.






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






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






29. Group of people born after 1980.






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






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






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






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






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






35. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






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






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






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






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






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






48. 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.






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






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