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






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






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






4. What an organization sells to make a profit.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






22. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






39. Measure that indicates the relationship between two variables.






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






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






42. Organization's debts and other financial obligations.






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






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






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






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






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






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






49. 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.






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