Management Abbreviations Quiz | Practice

What does KPI stand for?

A Knowledge Performance Indicator B Key Productivity Index C Key Performance Indicator D Key Profit Indicator

What does OKR stand for?

A Objectives and Key Results B Operational Key Resources C Operational Key Results D Objective Key Resources

What does TQM stand for?

A Total Quality Management B Total Quantity Management C Team Quality Management D Total Quality Monitoring

What does BPR stand for?

A Business Product Regulation B Business Process Regulation C Business Product Reengineering D Business Process Reengineering

What does SWOT stand for?

A Strength Work Opportunities Threats B Strategic Work Opportunities Threats C System Weakness Opportunities Threats D Strengths Weaknesses Opportunities Threats

What does PEST stand for?

A Policy Economic Social Trade B Political Economic Social Trade C Policy Economic Social Technology D Political Economic Social Technological

What does ERP stand for?

A Enterprise Resource Program B Enterprise Resource Process C Enterprise Resource Planning D Enterprise Resource Platform

What does MIS stand for?

A Management Information System B Monitoring Information System C Management Integration System D Monitoring Integration System

What does SCM stand for?

A System Chain Management B Supply Channel Management C Supply Control Management D Supply Chain Management

What does CRM stand for?

A Client Relationship Management B Corporate Relationship Management C Customer Relationship Management D Customer Resource Management

What does BCG stand for?

A Boston Consulting Group B Boston Corporate Group C Business Corporate Group D Business Consulting Group

What does MBO stand for?

A Management by Operations B Management by Objectives C Management by Opportunity D Management by Organization

What does ROI measure?

A Employee productivity B Customer satisfaction C Production cost D Investment return

What does PDCA stand for?

A Plan Do Check Act B Plan Design Control Act C Plan Do Create Act D Plan Design Check Act

What does Six Sigma focus on?

A Marketing strategy B Employee hiring C Quality improvement D Customer service

What does KPI track?

A Financial markets B Employee attendance C Performance metrics D Marketing trends

What does benchmarking compare?

A Employee salaries B Customer demographics C Market prices D Business performance

What does core competency mean?

A Company weakness B Market strategy C Employee training D Company's main strength

What does leadership involve?

A Guiding teams B Financial accounting C Customer marketing D Technical coding

What does delegation mean?

A Employee termination B Salary calculation C Employee hiring D Assigning tasks

What does strategy mean?

A Long-term planning B Technical support C Financial accounting D Short-term marketing

What does vision mean?

A Current performance B Sales data C Future company goal D Financial report

What does mission mean?

A Customer support program B Purpose of organization C Marketing campaign D Employee benefit plan

What does objective mean?

A Technical plan B Employee policy C Financial statement D Specific goal

What does KPI help measure?

A Employee attendance B Customer age C Office location D Business performance

What does budget control manage?

A Marketing campaigns B Company expenses C Product quality D Employee attendance

What does risk management handle?

A Customer complaints B Business risks C Employee attendance D Product marketing

What does change management manage?

A Office location B Customer data C Employee salary D Organizational change

What does stakeholder mean?

A Employee manager B Office supplier C Sales customer D Interested party in business

What does governance ensure?

A Sales promotion B Marketing growth C Customer acquisition D Proper management and accountability