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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. Value that occurs most frequently in a set of data
Gantt chart
Action plans
Mode
Scatter diagram
2. Money an organization's customers owe the organization.
Divestiture
Capacity
Accounts receivable
Mean
3. Statement explaining revenues - expenses - and profits over a specified period of time - usually a year or quarter.
Income statement
Inductive reasoning
Span of control
Human Resource Information System
4. Specific point in a distribution of data that has a given percentage of cases below it.
Offshoring
Due diligence
Percentile
Validity
5. Degree to which decision-making authority is restricted to higher levels of management in an organization
HR audit
Scheduling
Centralization
Population
6. Meaure that indicates the relationship between data items using x and y axes.
Balance sheet
Gantt chart
Scatter diagram
Due diligence
7. To an operations department - an organization's major asset after physical buildings and equipment.
Bill
Assets
Inventory
Quantitative analysis
8. Statement of a firm's financial position at a particular time.
Balance sheet
Inventory
HR audit
Regression
9. Group of people born roughly between the years of 1965 and 1980.
Amendment
Divestiture
Generation X
Span of control
10. Process to measure the effectiveness and efficiency of HR programs and positions.
Staff units
HR audit
Mission statement
Correlation
11. Process that surveys and interprets relevant data to identify external opportunities and threats.
Environmental scanning
Request for proposal
Ethics
Foreign Corrupt Practices Act
12. Work groups that conduct the major business of an organization.
Balance sheet
Environmental scanning
Control
Line units
13. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.
Human Resource Information System
Human resource management
Standards
Primary research
14. Proposal presented to a legislative body for possible enactment as a law
Mid-term objectives
Bill
Standards
Population
15. Written request asking contractors to propose solutions and prices that fit customer's requirements.
Request for proposal
Mission statement
Centralization
Marketing
16. Principles of conduct within an organization that guide decision making and behavior.
Code of ethics
Standards
Correlation
Bill
17. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.
Standard deviation
Hypothesis
SWOT analysis
Return on Investment
18. 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.
Inductive reasoning
Incremental budgeting
Code of ethics
Divestiture
19. Vivid - guiding image of an organization's desired future.
Gross profit margin
Vision Statement
Decentralization
Balance sheet
20. Organizational structure in which divisions are separated by product - customer or market or region
Supply chain
Program evaluation review technique (PERT) chart
Divisional structure
Virtual organization
21. Seeks to obtain easily quantifiable data on a limited number of measurement points.
Quantitative analysis
Primary research
Incremental budgeting
Long-term objectives
22. Organizational structure that defines departments by what services they contribute to the organization's overall mission.
Normal distribution
Accounts receivable
Human capital
Functional structure
23. Portion of silent and baby boom generations that is simultaneously caring for their own children and one or more elderly family members.
Program evaluation review technique (PERT) chart
Assets
Sandwich generation
Percentile
24. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.
Income statement
Product
Formula budgeting
Regression
25. Group of persons or objects or a complete set of observations or measurements about which one wishes to draw conclusions.
Veto
Population
Code of ethics
Sandwich generation
26. Detailed steps a unit - department or team will take in order to achieve short term objectives
Liabilities
Product
Scientific method
Action plans
27. Art and science of formulating - developing - implementing - and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Product
Balanced scorecard
Strategic planning
Gantt chart
28. Describe what is important to an organization - dictate employee behavior - and create the organization's culture.
SWOT analysis
Divisional structure
Mission statement
Values
29. Based on research that uses open-ended interviewing to explore and understand attitudes - opinions - feelings - and behavior.
Population
Cost-benefit analysis
Qualitative analysis
Accounts receivable
30. Expected distribution given a random sampling of people across a large population.
Generation Y
Normal distribution
Public comment period
Marketing
31. Money an organization owes its vendors and suppliers.
Median
Accounts payable
Reliability
HR audit
32. Involves data that is gathered firsthand for a specific evaluation.
SWOT analysis
Primary research
Generation X
Inductive reasoning
33. Number of members of an organizaion that have to be present before official business may be conducted.
Quorum
Secondary research
Program evaluation review technique (PERT) chart
Decentralization
34. For an operations department - provide the yardstick by which the amount and quality of output are measured.
Project
Mid-term objectives
Standards
Control
35. Financial - physical - and sometimes intangible properties an organization owns.
Liabilities
Sample
Income statement
Assets
36. Time allowed for the public to express its views and concerns regarding an action of a regulatory agency.
Mission statement
Long-term objectives
Deductive reasoning
Public comment period
37. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.
Standard deviation
Resolution
Scheduling
Mid-term objectives
38. Modification of the Constitution or a law; may be either formal written) or informal (unwritten).
Amendment
Range
Supply chain
Zero-based budgeting
39. Processes and activities used to formulate HR objectives practices - and policies.
Gantt chart
Strategic management
Population
Matrix structure
40. Portion of a poplulation used to draw conclusions regarding an entire population.
Percentile
Project
Sample
Public comment period
41. 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.
Centralization
Scatter diagram
Balanced scorecard
Primary research
42. System of moral principles and values that establish appropriate conduct.
Income statement
Experiment
Ethics
Incremental budgeting
43. Form of budgeting in which the prior budget is the basis for allocation of funds.
Incremental budgeting
Scientific method
Program evaluation review technique (PERT) chart
Decentralization
44. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.
Public comment period
Environmental scanning
Supply chain
Gross profit margin
45. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.
SWOT analysis
Request for proposal
Zero-based budgeting
Median
46. What an organization sells to make a profit.
Divisional structure
Secondary research
Product
Centralization
47. Calculation that compares the money earned (or lost) on an investment to the amount of money being invested.
Return on Investment
Inductive reasoning
Divestiture
Product
48. Measures the difference between what it costs to produce a product and the selling price.
Public comment period
Mean
Gross profit margin
Normal distribution
49. Legislative measure limited in effect to either the Congress or one of its chambers.
Project
Resolution
Due diligence
Validity
50. Ability of an instrument to measure what it is intended to measure.
Marketing
Cost-benefit analysis
Validity
Normal distribution