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






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






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






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






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






6. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.






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






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






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






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






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






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






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






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






15. Expected distribution given a random sampling of people across a large population.






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






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






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






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






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






21. Measures the difference between what it costs to produce a product and the selling price.






22. Combined knowledge - skills and experience of a company's employees.






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






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






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






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






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. Value that occurs most frequently in a set of data






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






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






31. Specific results - accomplished in three to five years - that an organization seeks to achieve in pursuing its mission.






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






33. Group of people born after 1980.






34. To an operations department - an organization's major asset after physical buildings and equipment.






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






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






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






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






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






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






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






42. Principles of conduct within an organization that guide decision making and behavior.






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






44. 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.






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






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






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






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






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






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