Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Business Management, Ethics & Entrepreneurship Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email State 1. Which of the following is the first step in the strategic management process? Implementing strategies Evaluating performance Environmental scanning Monitoring competitors None 2. Which of the following is NOT a feature of effective planning? Goal-oriented Reduces uncertainty Eliminates all risks Facilitates decision-making None 3. Which type of decision-making is based on rules and standard procedures? Non-programmed decision Programmed decision Strategic decision Creative decision None 4. The BCG Matrix helps in: Business expansion Portfolio analysis Supply chain management Employee motivation None 5. Which of the following is an example of a SMART goal? Increase sales by 10% in six months Become the best company in the world Improve customer service someday Hire more employees None 6. Which type of organization structure is most suitable for large, diversified businesses? Functional Divisional Matrix Hierarchical None 7. Which leadership theory suggests that leaders are made, not born? Trait Theory Behavioral Theory Great Man Theory Situational Theory None 8. Which of the following is NOT a function of leadership? Influencing people Directing activities Increasing conflicts Motivating employees None 9. Transformational leaders focus on: Maintaining stability Transaction-based incentives Inspiring change and innovation Enforcing strict discipline None 10. In Maslow’s hierarchy of needs, self-actualization refers to: Basic survival needs Job security Personal growth and fulfillment Social belonging None 11. Which motivational theory focuses on fair treatment in the workplace? Expectancy Theory Equity Theory Two-Factor Theory Need Theory None 12. In communication, which component ensures that the message is understood? Sender Receiver Feedback Medium None 13. Which of the following is a downward communication channel? Employee to manager Manager to employee Peer-to-peer discussion Informal communication None 14. Which barrier to communication occurs due to misinterpretation of words? Semantic barrier Psychological barrier Physical barrier Technical barrier None 15. Which of the following is an example of non-verbal communication? Email Phone call Body language Written report None 16. Which of the following is NOT an ethical principle in business? Transparency Accountability Profit maximization at any cost Fair treatment of employees None 17. Which law in India prevents monopolistic trade practices? Companies Act, 2013 Competition Act, 2002 FEMA Act, 1999 SEBI Act, 1992 None 18. Which of the following best describes whistleblowing? Leaking confidential information for profit Reporting unethical practices within an organization Ignoring corruption in business Following company orders blindly None 19. Which of the following is an example of ethical consumerism? Buying fair trade products Supporting companies involved in environmental pollution Promoting fast fashion Avoiding locally produced goods None 20. Which of the following practices is considered corporate social responsibility (CSR)? Tax evasion Environmental conservation initiatives Hiding financial losses Unethical advertising None 21. Which type of entrepreneur is highly risk-averse? Innovative Entrepreneur Imitative Entrepreneur Drone Entrepreneur Fabian Entrepreneur None 22. Which of the following is NOT a source of business finance? Venture capital Angel investors Employee salaries Bank loans None 23. Which government initiative supports small businesses in India? Atmanirbhar Bharat Make in India Startup India All of the above None 24. Which document outlines a startup’s goals, market analysis, and financial projections? Tax report Business plan Memorandum of Understanding (MoU) Performance appraisal None 25. Which entrepreneur is known for revolutionizing e-commerce? Jeff Bezos Warren Buffett Ratan Tata Mukesh Ambani None 26. The term “bootstrapping” in entrepreneurship means: Raising funds from angel investors Self-funding a business without external investment Government funding Crowdfunding None 27. Which of the following is an advantage of franchising? High risk Established brand name No need for investment Lack of business support None 28. Which of the following is NOT an entrepreneurial trait? Risk-taking Creativity Fear of failure Visionary thinking None 29. Which funding option is suitable for startups without collateral? Bank loans Venture capital Fixed deposits Provident funds None 30. Which of the following is a key factor for entrepreneurial success? Ignoring customer needs Strong market research Lack of adaptability Avoiding risk-taking None 31. Which function of management involves coordinating activities and resources to achieve goals? Planning Organizing Leading Controlling None 32. What does SWOT analysis help a business identify? Sales strategies Strengths, Weaknesses, Opportunities, and Threats Financial risks Customer preferences None 33. Which of the following is an example of a "tall" organizational structure Few levels of hierarchy Flat communication structure Multiple layers of management Decentralized decision-making None 34. The "triple bottom line" approach focuses on: Profit, People, and Planet Cost-cutting, Marketing, and Growth Ethics, Leadership, and Technology Supply chain, Manufacturing, and Distribution None 35. Which of the following is an example of ethical behavior in business? Insider trading Fair treatment of employees Tax evasion Misleading advertising None 36. What is the primary purpose of an elevator pitch? To secure office space To quickly communicate a business idea to potential investors To hire employees To apply for bank loans None 37. Which entrepreneur is best known for the concept of microfinance? Elon Musk Muhammad Yunus Steve Jobs Bill Gates None 38. Which of the following is a key feature of an innovative entrepreneur? Prefers traditional business methods Introduces new products or services Avoids taking risks Relies solely on government support None 39. Which term refers to a company’s ability to bring new ideas, products, or methods to the market? Bureaucracy Innovation Market saturation Risk aversion None 40. A business incubator primarily helps startups by providing: Legal assistance Financial audits Mentorship and resources Customer feedback surveys None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. Stay Connected !! 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