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Test your basic knowledge |
Strategic Management
Start Test
Study First
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. Measures the difference between what it costs to produce a product and the selling price.
Amendment
Gross domestic product
Gross profit margin
Inductive reasoning
2. Measure that indicates the relationship between two variables.
Reliability
Correlation
Generation X
Resolution
3. Action of canceling or postponing a decision or bill.
Strategic management
Supply chain
Span of control
Veto
4. Organization's debts and other financial obligations.
Liabilities
Code of ethics
Quorum
Quantitative analysis
5. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Break-even analysis
Gantt chart
Balance sheet
Human capital
6. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.
Foreign Corrupt Practices Act
Regulation
Validity
Deductive reasoning
7. System of moral principles and values that establish appropriate conduct.
Return on Investment
Generation X
Ethics
Program evaluation review technique (PERT) chart
8. Uses data already gathered by others and reported in various sources.
Quantitative analysis
Functional structure
Secondary research
Short-term objectives
9. To an operations department - the ability to yield output.
Offshoring
Public comment period
Decentralization
Capacity
10. Techniques for communicating information about products to consumers.
Regression
Balanced scorecard
Experiment
Promotion
11. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Standards
Divestiture
Primary research
Staff units
12. Work groups that assist line units by performing specialized services - such as HR.
Staff units
Mean
Marketing
Resolution
13. 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.
Centralization
Project
Range
Ethics
14. Group of people born after 1980.
Matrix structure
Scientific method
Income statement
Generation Y
15. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.
Decentralization
Zero-based budgeting
Matrix structure
Sales
16. 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.
Balanced scorecard
Scientific method
Promotion
Regression
17. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Formula budgeting
Supply chain
Foreign Corrupt Practices Act
Staff units
18. Meaure that indicates the relationship between data items using x and y axes.
Scatter diagram
Values
Strategies
Human resource management
19. Process that surveys and interprets relevant data to identify external opportunities and threats.
Experiment
Code of ethics
Environmental scanning
Capacity
20. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Hypothesis
SWOT analysis
Decentralization
Project
21. Short-term alliance between independent organizations in a potentially long-term relationship to design - produce - and distribute a product.
Virtual organization
Balance sheet
Scatter diagram
Zero-based budgeting
22. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.
Mission statement
Decentralization
Due diligence
Gantt chart
23. Work groups that conduct the major business of an organization.
Generation X
Bill
Due diligence
Line units
24. Expected distribution given a random sampling of people across a large population.
Liabilities
Normal distribution
Long-term objectives
Environmental scanning
25. Ability of an instrument to measure what it is intended to measure.
Validity
Deductive reasoning
Accounts receivable
Veto
26. Rule or order issued by a government agency; often has the force of law.
Regulation
Amendment
Gantt chart
Line units
27. Legislative measure limited in effect to either the Congress or one of its chambers.
Centralization
Span of control
Resolution
Experiment
28. Specific point in a distribution of data that has a given percentage of cases below it.
Scheduling
Percentile
Values
Hypothesis
29. Form of budgeting in which the prior budget is the basis for allocation of funds.
Balance sheet
Generation X
Incremental budgeting
HR audit
30. Refers to the number of inviduals who report to a supervisor.
Assets
Bill
Scientific method
Span of control
31. Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Decentralization
Gantt chart
Incremental budgeting
Bill
32. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Staff units
Bill
Line units
Strategic planning
33. What an organization sells to make a profit.
Product
Mode
Accounts payable
Gantt chart
34. Milestones that must be achieved - usually within six months to one year - in order to reach long-term objectives.
Sales
Short-term objectives
Break-even analysis
Primary research
35. Research method in which certain factors(variables) are manipulated and the results are examined.
Amendment
Scientific method
Human Resource Information System
Cost-benefit analysis
36. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.
Experiment
Marketing
Sample
Zero-based budgeting
37. Amount of owners' or shareholders' portion of a business.
Equity
Span of control
Inductive reasoning
Long-term objectives
38. Serve a purpose similar to short-term objectives but are completed in one to three years.
Bill
Mid-term objectives
Capacity
Hypothesis
39. Project management tool used to schedule - organize and coordinate tasks within a project.
Generation X
Inductive reasoning
Program evaluation review technique (PERT) chart
Accounts receivable
40. Business function responsible for selling an organization's product to the marketplace.
Sales
Mode
Scientific method
Generation X
41. Seeks to obtain easily quantifiable data on a limited number of measurement points.
Capacity
Quantitative analysis
Scientific method
Regulation
42. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
SWOT analysis
Values
Scheduling
Balanced scorecard
43. Meaure that refers to the causal effect of one variable upon another.
Incremental budgeting
Generation Y
Regression
Line units
44. Measure that indicates how much scores in a set of data are spread out around a mean or average.
Standard deviation
Quorum
Amendment
Hypothesis
45. To an operations department - an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Human Resource Information System
Control
Generation Y
Virtual organization
46. Portion of a poplulation used to draw conclusions regarding an entire population.
Sample
Accounts payable
Offshoring
Control
47. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Public comment period
Virtual organization
HR audit
Amendment
48. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Sales
Regulation
Income statement
Sandwich generation
49. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Functional structure
Supply chain
Human resource management
Request for proposal
50. Provide the direction that enables an organization to achieve its long-term objectives.
Mid-term objectives
Vision Statement
Strategies
Gross domestic product