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






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






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






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






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






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






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






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






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






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






11. Group of people born after 1980.






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






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






14. Techniques for communicating information about products to consumers.






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






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






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






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






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






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






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






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






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






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






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






26. Detailed steps a unit - department or team will take in order to achieve short 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. To an operations department - the ability to yield output.






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






30. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.






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






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






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






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






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






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






37. Money an organization owes its vendors and suppliers.






38. Organization's debts and other financial obligations.






39. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






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






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






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






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