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






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






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






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






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






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






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






8. Group of people born after 1980.






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






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






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






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






13. Project planning tool that graphically displays activities of a project in sequential order and plots against time.






14. Measure that indicates the relationship between two variables.






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






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






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






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






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






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






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






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






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






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






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






26. What an organization sells to make a profit.






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






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






29. Organization's debts and other financial obligations.






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






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






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






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






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






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






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






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






38. 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.






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






40. 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.






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






42. Money an organization owes its vendors and suppliers.






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






44. For an operations department - provide the yardstick by which the amount and quality of output are measured.






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






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






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






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






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






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