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Test your basic knowledge |
Strategic Management
Start Test
Study First
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. Combined knowledge - skills and experience of a company's employees.
Line units
Human capital
SWOT analysis
Gross domestic product
2. Ability of an instrument to measure consistently.
Standard deviation
Public comment period
Product
Reliability
3. Average score or value in a set of data.
Population
Mean
Staff units
Gross domestic product
4. 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.
Accounts receivable
Project
Experiment
Program evaluation review technique (PERT) chart
5. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Program evaluation review technique (PERT) chart
Regulation
Request for proposal
Balanced scorecard
6. Organization's debts and other financial obligations.
Values
Mission statement
Liabilities
Accounts receivable
7. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
Veto
Scientific method
Human resource management
Zero-based budgeting
8. Group of people born roughly between the years of 1965 and 1980.
Short-term objectives
Deductive reasoning
Generation X
Income statement
9. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Quantitative analysis
Sales
Generation X
Control
10. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Strategic planning
Foreign Corrupt Practices Act
Quantitative analysis
Mid-term objectives
11. Statement of a firm's financial position at a particular time.
Matrix structure
Request for proposal
Balance sheet
Experiment
12. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Quorum
Return on Investment
Income statement
Decentralization
13. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Line units
Scientific method
Amendment
Standards
14. System of moral principles and values that establish appropriate conduct.
Request for proposal
Regulation
Ethics
Code of ethics
15. Form of budgeting in which the prior budget is the basis for allocation of funds.
Incremental budgeting
Divisional structure
Veto
Marketing
16. 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.
Deductive reasoning
Formula budgeting
Divestiture
Centralization
17. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.
Due diligence
Bill
Foreign Corrupt Practices Act
Secondary research
18. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Strategies
Vision Statement
Standard deviation
Mode
19. Work groups that assist line units by performing specialized services - such as HR.
Secondary research
Staff units
Income statement
Offshoring
20. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Break-even analysis
Public comment period
Decentralization
Short-term objectives
21. Vehicle for collecting information on an organization's current strengths - weaknesses - opportunities - and threats.
Virtual organization
Hypothesis
SWOT analysis
Action plans
22. Provide the direction that enables an organization to achieve its long-term objectives.
Divestiture
Strategies
Zero-based budgeting
Percentile
23. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Sample
Generation Y
Deductive reasoning
Decentralization
24. Relocation of processes or functions from a "home" country to another country.
Deductive reasoning
Human Resource Information System
Mean
Offshoring
25. Financial - physical - and sometimes intangible properties an organization owns.
Population
Return on Investment
Functional structure
Assets
26. Work groups that conduct the major business of an organization.
Line units
Short-term objectives
Human resource management
Balance sheet
27. Detailed steps a unit - department or team will take in order to achieve short term objectives
Promotion
Request for proposal
Balanced scorecard
Action plans
28. Involves data that is gathered firsthand for a specific evaluation.
Staff units
Primary research
Inductive reasoning
Ethics
29. To an operations department - the ability to yield output.
Strategic management
Percentile
Strategic planning
Capacity
30. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.
Project
Gross profit margin
Supply chain
Inventory
31. Number of members of an organizaion that have to be present before official business may be conducted.
Qualitative analysis
Values
Quorum
Virtual organization
32. Project management tool used to schedule - organize and coordinate tasks within a project.
Program evaluation review technique (PERT) chart
Strategies
Sample
Gross profit margin
33. Group of people born after 1980.
Assets
Standard deviation
Gross domestic product
Generation Y
34. Expected distribution given a random sampling of people across a large population.
Normal distribution
Scientific method
Balanced scorecard
Amendment
35. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.
Action plans
Mission statement
Balance sheet
Resolution
36. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.
Reliability
Standards
Centralization
Long-term objectives
37. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Public comment period
Mode
Accounts payable
Break-even analysis
38. Portion of a poplulation used to draw conclusions regarding an entire population.
Short-term objectives
Product
Normal distribution
Sample
39. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Mode
Mid-term objectives
Cost-benefit analysis
Foreign Corrupt Practices Act
40. Measure that indicates the relationship between two variables.
Human capital
Correlation
Standard deviation
Ethics
41. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.
Bill
Code of ethics
Short-term objectives
Normal distribution
42. Point below which 50% of scores in a set of data lie.
Standards
Median
Reliability
Divestiture
43. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Human resource management
Gantt chart
Scheduling
Quantitative analysis
44. Money an organization owes its vendors and suppliers.
Accounts payable
Divestiture
Deductive reasoning
Veto
45. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Percentile
Due diligence
HR audit
Hypothesis
46. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Break-even analysis
Virtual organization
Qualitative analysis
Resolution
47. Specific point in a distribution of data that has a given percentage of cases below it.
Equity
Percentile
Capacity
Qualitative analysis
48. Serve a purpose similar to short-term objectives but are completed in one to three years.
Mid-term objectives
Marketing
Balance sheet
Percentile
49. Refers to the number of inviduals who report to a supervisor.
Program evaluation review technique (PERT) chart
Decentralization
Span of control
Foreign Corrupt Practices Act
50. Money an organization's customers owe the organization.
Generation Y
Liabilities
Secondary research
Accounts receivable