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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. To an operations department - an organization's major asset after physical buildings and equipment.
Vision Statement
Promotion
Generation X
Inventory
2. Refers to the number of inviduals who report to a supervisor.
Sandwich generation
Generation Y
Mean
Span of control
3. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Control
Return on Investment
Promotion
Incremental budgeting
4. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Population
Vision Statement
Gross domestic product
Decentralization
5. Process to measure the effectiveness and efficiency of HR programs and positions.
Environmental scanning
Bill
Sales
HR audit
6. Value that occurs most frequently in a set of data
Mode
Primary research
Ethics
Code of ethics
7. Specific point in a distribution of data that has a given percentage of cases below it.
Action plans
Inventory
Percentile
Bill
8. Research method in which certain factors(variables) are manipulated and the results are examined.
Generation Y
Scientific method
Regulation
Public comment period
9. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Foreign Corrupt Practices Act
Code of ethics
Offshoring
Strategies
10. Form of budgeting in which the prior budget is the basis for allocation of funds.
Span of control
Incremental budgeting
Human Resource Information System
Supply chain
11. 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.
Project
Deductive reasoning
Hypothesis
Staff units
12. 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.
Validity
Divestiture
Control
Percentile
13. What an organization sells to make a profit.
Inventory
Capacity
Gross profit margin
Product
14. Number of members of an organizaion that have to be present before official business may be conducted.
Population
Quorum
Short-term objectives
Capacity
15. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.
Deductive reasoning
Vision Statement
Scientific method
Strategies
16. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.
Standards
Virtual organization
Centralization
Hypothesis
17. Group of people born roughly between the years of 1965 and 1980.
Mean
Offshoring
Quantitative analysis
Generation X
18. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Inductive reasoning
Validity
Gantt chart
Range
19. Detailed steps a unit - department or team will take in order to achieve short term objectives
Mid-term objectives
Action plans
Ethics
Line units
20. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).
Formula budgeting
Amendment
Code of ethics
Bill
21. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
Divestiture
Human Resource Information System
Balance sheet
Mission statement
22. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.
Standards
Offshoring
Range
Short-term objectives
23. Money an organization owes its vendors and suppliers.
Due diligence
Population
Accounts payable
Validity
24. Principles of conduct within an organization that guide decision making and behavior.
Code of ethics
Capacity
Formula budgeting
Promotion
25. Legislative measure limited in effect to either the Congress or one of its chambers.
Generation Y
Resolution
Liabilities
Standard deviation
26. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
Span of control
Control
Values
Centralization
27. Distance between highest and lowest scores in a set of data.
Mode
Income statement
Range
Strategic planning
28. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
Human resource management
Offshoring
Hypothesis
Bill
29. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Request for proposal
Vision Statement
Standards
Supply chain
30. Vivid - guiding image of an organization's desired future.
Range
Gross domestic product
Code of ethics
Vision Statement
31. Organizational structure in which divisions are separated by product - customer or market or region
Foreign Corrupt Practices Act
Divisional structure
Reliability
Request for proposal
32. Expected distribution given a random sampling of people across a large population.
Scheduling
Generation X
Normal distribution
Zero-based budgeting
33. Provide the direction that enables an organization to achieve its long-term objectives.
Product
Project
Strategies
Mean
34. Measures the difference between what it costs to produce a product and the selling price.
Accounts payable
Short-term objectives
Functional structure
Gross profit margin
35. Seeks to obtain easily quantifiable data on a limited number of measurement points.
Request for proposal
Code of ethics
Correlation
Quantitative analysis
36. Project management tool used to schedule - organize and coordinate tasks within a project.
Accounts receivable
Program evaluation review technique (PERT) chart
Mean
Cost-benefit analysis
37. Degree to which decision-making authority is restricted to higher levels of management in an organization
Functional structure
Mean
Centralization
Balanced scorecard
38. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Request for proposal
Public comment period
Control
Due diligence
39. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.
Veto
Cost-benefit analysis
Due diligence
SWOT analysis
40. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Veto
Zero-based budgeting
Functional structure
Virtual organization
41. Rule or order issued by a government agency; often has the force of law.
Public comment period
Deductive reasoning
Regulation
Generation X
42. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.
Quantitative analysis
SWOT analysis
Return on Investment
Bill
43. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Sandwich generation
Income statement
Functional structure
Liabilities
44. Measure that indicates the relationship between two variables.
Correlation
Human resource management
Product
Request for proposal
45. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Hypothesis
Gross profit margin
Human capital
Reliability
46. Process that surveys and interprets relevant data to identify external opportunities and threats.
Human Resource Information System
Environmental scanning
Range
Human capital
47. Work groups that assist line units by performing specialized services - such as HR.
Standards
Income statement
Strategic management
Staff units
48. System of moral principles and values that establish appropriate conduct.
Scientific method
Sample
Median
Ethics
49. Ability of an instrument to measure what it is intended to measure.
Veto
Code of ethics
Decentralization
Validity
50. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Cost-benefit analysis
Normal distribution
Long-term objectives
Scheduling