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. Measure that indicates the relationship between two variables.






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






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






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






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






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






7. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






15. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






22. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.






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






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






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






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






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






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






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






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






31. What an organization sells to make a profit.






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






33. Group of people born after 1980.






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






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






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






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






38. 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.






39. Ability of an instrument to measure consistently.






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






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






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






43. 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.






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






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






46. Measure that indicates how much scores in a set of data are spread out around a mean or average.






47. 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.






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






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






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