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






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






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






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






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






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






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






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






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






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






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






12. Money an organization owes its vendors and suppliers.






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






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






15. Organization's debts and other financial obligations.






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






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






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






19. 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.






20. 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.






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






22. Ability of an instrument to measure consistently.






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






24. What an organization sells to make a profit.






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






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






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






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






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






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






31. 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.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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