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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






20. Action of canceling or postponing a decision or bill.






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






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






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






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






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






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






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






28. Ability of an instrument to measure consistently.






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






30. 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.






31. Techniques for communicating information about products to consumers.






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






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






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






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






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






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






38. 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.






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






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






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






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






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






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






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






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






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






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






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






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