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






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






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






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






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






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






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






8. 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.






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






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






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






12. Money an organization owes its vendors and suppliers.






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






14. Techniques for communicating information about products to consumers.






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






16. Ability of an instrument to measure consistently.






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






18. 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.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






39. What an organization sells to make a profit.






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






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






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






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






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






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






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






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






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






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






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