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






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






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






4. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.






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






6. Statement of a firm's financial position at a particular time.






7. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.






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






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






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






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






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






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






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






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






16. Average score or value in a set of data.






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






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






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






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






21. Processes and activities used to formulate HR objectives practices - and policies.






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






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






24. Group of people born after 1980.






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






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






27. 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.






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






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






30. Measure that indicates the relationship between two variables.






31. Meaure that refers to the causal effect of one variable upon another.






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






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






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






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






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






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






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






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






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






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






42. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.






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






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






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






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






47. Money an organization owes its vendors and suppliers.






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






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






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