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






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






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.






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






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






6. Ability of an instrument to measure consistently.






7. Written request asking contractors to propose solutions and prices that fit customer's requirements.






8. Money an organization's customers owe the organization.






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






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






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






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






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






14. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.






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






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






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






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






19. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.






20. Organizational structure in which divisions are separated by product - customer or market or region






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






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






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






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






25. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.






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






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






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






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






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






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






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






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






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






35. Organization's debts and other financial obligations.






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






37. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.






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






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






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






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






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






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






44. Money an organization owes its vendors and suppliers.






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






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






47. Vehicle for collecting information on an organization's current strengths - weaknesses - opportunities - and threats.






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






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






50. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.