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






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






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






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






5. What an organization sells to make a profit.






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






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






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






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






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






11. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






18. Detailed steps a unit - department or team will take in order to achieve short term objectives






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






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






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






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






23. 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.






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






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






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






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






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






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






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






31. 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.






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






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






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






35. Point below which 50% of scores in a set of data lie.






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






37. Seeks to obtain easily quantifiable data on a limited number of measurement points.






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






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






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






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






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






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






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






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






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






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






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






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






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