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






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






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






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






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






6. Ability of an instrument to measure consistently.






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






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






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






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






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






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






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






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






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






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






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






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






19. 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.






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






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






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






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






25. Techniques for communicating information about products to consumers.






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






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






28. Money an organization owes its vendors and suppliers.






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






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






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






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






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






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






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






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






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






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






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






40. What an organization sells to make a profit.






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






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






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






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






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






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






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






48. 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.






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






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