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. Action of canceling or postponing a decision or bill.






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






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






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






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






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






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






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






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






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






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






12. Group of people born after 1980.






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






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






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






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






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






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






19. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.






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






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






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






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






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






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






26. Techniques for communicating information about products to consumers.






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






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






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






30. Project management tool used to schedule - organize and coordinate tasks within a project.






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






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






33. Ability of an instrument to measure consistently.






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






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






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






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






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






39. 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.






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






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






42. Money an organization owes its vendors and suppliers.






43. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.






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






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






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






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






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






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






50. Measure that indicates the relationship between two variables.