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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. Estimate of the total value of goods and services produced in a country in a given year.
Scheduling
Sample
Quorum
Gross domestic product
2. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Resolution
Regulation
Mode
Public comment period
3. 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.
Regression
Project
Return on Investment
Matrix structure
4. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).
Zero-based budgeting
Assets
Amendment
HR audit
5. Distance between highest and lowest scores in a set of data.
Assets
Divisional structure
Range
Span of control
6. Ability of an instrument to measure consistently.
Reliability
Human capital
Short-term objectives
Accounts receivable
7. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Mean
Break-even analysis
Request for proposal
Range
8. Money an organization's customers owe the organization.
Quorum
Zero-based budgeting
Accounts receivable
Human Resource Information System
9. System of moral principles and values that establish appropriate conduct.
Gantt chart
Correlation
Ethics
Decentralization
10. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Project
Hypothesis
Environmental scanning
Control
11. Proposal presented to a legislative body for possible enactment as a law
Bill
Centralization
Liabilities
Ethics
12. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.
Balance sheet
Divisional structure
Return on Investment
Gantt chart
13. Project planning tool that graphically displays activities of a project in sequential order and plots against time.
Divisional structure
Vision Statement
Primary research
Gantt chart
14. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.
Zero-based budgeting
Range
Normal distribution
SWOT analysis
15. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.
Human resource management
Mission statement
Scientific method
Offshoring
16. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Sample
Action plans
Experiment
Scheduling
17. Portion of a poplulation used to draw conclusions regarding an entire population.
Amendment
Generation X
Scatter diagram
Sample
18. Meaure that indicates the relationship between data items using x and y axes.
Due diligence
Quantitative analysis
Vision Statement
Scatter diagram
19. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Foreign Corrupt Practices Act
Capacity
Gross profit margin
Marketing
20. Organizational structure in which divisions are separated by product - customer or market or region
Range
Generation Y
Divisional structure
Percentile
21. Work groups that conduct the major business of an organization.
Centralization
Product
Line units
Mission statement
22. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Standards
Amendment
Regression
Code of ethics
23. Rule or order issued by a government agency; often has the force of law.
Regulation
Environmental scanning
Capacity
Inventory
24. Average score or value in a set of data.
Bill
Regulation
SWOT analysis
Mean
25. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.
Short-term objectives
Mean
Correlation
Mode
26. Process to measure the effectiveness and efficiency of HR programs and positions.
Quantitative analysis
Sales
Marketing
HR audit
27. Serve a purpose similar to short-term objectives but are completed in one to three years.
Offshoring
Mid-term objectives
Code of ethics
Normal distribution
28. Process of planning - pricing - promoting and distributing goods and services to satisfy organizational objectives.
Scatter diagram
Balance sheet
Due diligence
Marketing
29. Amount of owners' or shareholders' portion of a business.
Equity
Range
Inductive reasoning
Action plans
30. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Zero-based budgeting
Strategies
Population
Accounts receivable
31. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.
Formula budgeting
Product
Action plans
Normal distribution
32. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
HR audit
Incremental budgeting
Veto
Decentralization
33. Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observations.
Veto
Matrix structure
Inductive reasoning
Correlation
34. Research method in which certain factors(variables) are manipulated and the results are examined.
Population
Decentralization
Scientific method
Generation X
35. Organization's debts and other financial obligations.
Qualitative analysis
Human capital
Liabilities
Scatter diagram
36. Legislative measure limited in effect to either the Congress or one of its chambers.
Resolution
Veto
Gantt chart
Mid-term objectives
37. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.
Experiment
Range
Long-term objectives
Due diligence
38. Financial - physical - and sometimes intangible properties an organization owns.
Assets
Long-term objectives
Bill
Inventory
39. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.
SWOT analysis
Human Resource Information System
Accounts payable
Income statement
40. Process that surveys and interprets relevant data to identify external opportunities and threats.
Liabilities
HR audit
Environmental scanning
Values
41. To an operations department - the ability to yield output.
Scientific method
Long-term objectives
Capacity
Human resource management
42. Number of members of an organizaion that have to be present before official business may be conducted.
Zero-based budgeting
Quorum
Median
Values
43. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Break-even analysis
Equity
Ethics
Scheduling
44. Money an organization owes its vendors and suppliers.
Promotion
Income statement
Strategic planning
Accounts payable
45. Refers to the number of inviduals who report to a supervisor.
Ethics
Span of control
Functional structure
Population
46. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Vision Statement
Standard deviation
Centralization
Request for proposal
47. Vehicle for collecting information on an organization's current strengths - weaknesses - opportunities - and threats.
SWOT analysis
Human Resource Information System
Veto
Scatter diagram
48. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Foreign Corrupt Practices Act
Hypothesis
Zero-based budgeting
Action plans
49. Ratio that allows management to determine the financial impact particular activities and programs will have on a company's profitability.
Standards
Regulation
Vision Statement
Cost-benefit analysis
50. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Staff units
Income statement
Strategic planning
Equity