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 NOT a feature of management? Goal-oriented process Universal applicability One-time activity Continuous process None 2. Which of the following best describes the term ‘span of control’? The number of subordinates a manager can efficiently handle The authority given to a manager The overall structure of an organization The length of a project None 3. Which leadership style is most effective in crisis situations? Autocratic Democratic Laissez-Faire Transformational None 4. The process of defining organizational goals and determining the best way to achieve them is called: Controlling Directing Planning Organizing None 5. What is the key focus of Total Quality Management (TQM)? Profit maximization Reducing employee workload Continuous improvement and customer satisfaction Reducing the number of employees None 6. Which managerial function is concerned with grouping activities and resources logically? Planning Organizing Leading Controlling None 7. Which of the following is NOT a barrier to effective communication? Noise Feedback Language differences Cultural differences None 8. Which motivational theory focuses on hygiene factors and motivators? Maslow’s Hierarchy of Needs Herzberg’s Two-Factor Theory Expectancy Theory Theory X and Theory Y None 9. What is the main objective of financial management in a business? Maximizing profits Managing cash flows Ensuring business growth Maximizing shareholder wealth None 10. A company that follows a functional structure organizes employees based on: Products Departments and job functions Customer types Geographical locations None 11. Which of the following is an ethical issue in HR management? Fair wages and employee rights Product quality Corporate social responsibility Financial reporting None 12. A company’s commitment to ethical business practices is known as: Financial planning Corporate governance Business expansion Cost-cutting strategy None 13. What is the term for a situation where a person must choose between conflicting ethical principles? Ethical dilemma Business opportunity Strategic decision-making Marketing strategy None 14. Which law in India regulates corporate social responsibility (CSR) for companies? Companies Act, 2013 Income Tax Act, 1961 Competition Act, 2002 Factories Act, 1948 None 15. Which of the following is a benefit of ethical business practices? Increased employee retention Reduced brand loyalty Lower customer satisfaction Increased regulatory issues None 16. Which of the following is an example of corporate social responsibility (CSR)? Increasing product prices Engaging in environmental sustainability initiatives Cutting employee benefits Reducing customer service staff None 17. Which document states a company's ethical principles and expected behaviors? Corporate strategy Code of conduct Annual report Business plan None 18. What is greenwashing in business ethics? A strategy to hide financial losses Misleading consumers about environmental benefits A method of reducing production costs A fair-trade business practice None 19. Which of the following organizations promotes corporate ethics in India? SEBI RBI NITI Aayog IRDAI None 20. Ethical consumerism involves: Making purchases based on ethical concerns Buying only expensive products Avoiding all advertisements Purchasing based on brand popularity None 21. A business that is owned and operated by one individual is called Corporation Sole proprietorshi Partnership Cooperative None 22. Which type of entrepreneur repeatedly starts new businesses? Serial entrepreneur Corporate entrepreneur Social entrepreneur Lifestyle entrepreneur None 23. The term ‘bootstrapping’ in entrepreneurship refers to: Using personal resources to start a business Raising funds from venture capitalists Selling equity to investors Acquiring a loan from banks None 24. Which of the following is a disadvantage of entrepreneurship? High job security Fixed working hours Financial risk Limited decision-making power None 25. Which funding source is considered informal for startups? Bank loan Angel investors Venture capital Stock market None 26. Which of the following best describes an intrapreneur? An employee who innovates within an organization A self-employed entrepreneur A government official A stock market analyst None 27. Which of the following is NOT a function of an entrepreneur? Risk-taking Innovation Wealth creation Job-seeking None 28. The term ‘Unicorn Startup’ refers to a startup valued at: $1 million $10 million $100 million $1 billion None 29. Which of the following is an example of a government scheme supporting entrepreneurship in India? Startup India FDI Policy GST Act SEBI Regulation None 30. Which document outlines a business’s goals, strategies, and financial projections? Business plan Annual report Shareholder agreement Code of ethics None 31. Which of the following is a characteristic of a good decision-making process? Based on intuition alone Lack of alternative options Rational and systematic approach Avoiding stakeholder involvement None 32. Which type of planning focuses on long-term objectives and strategies? Tactical planning Strategic planning Operational planning Contingency planning None 33. What is the main focus of human resource management (HRM)? Managing machines and materials Managing financial investments Managing people and workplace culture Managing production schedules None 34. Which financial statement shows a company's financial position at a specific point in time? Income Statement Cash Flow Statement Balance Sheet Statement of Retained Earnings None 35. Which of the following is an example of unethical business conduct? Providing fair wages Following corporate governance principles Engaging in insider trading Maintaining product quality standards None 36. Whistleblowing refers to: Exposing unethical practices within an organization Supporting corporate expansion Reducing company costs Promoting financial reporting None 37. The primary purpose of business ethics is to: Increase short-term profits Ensure fair and responsible business practices Maximize production efficiency Reduce employee engagement None 38. Which of the following is NOT a characteristic of an entrepreneur? Risk-taking Innovation Fear of failure Visionary mindset None 39. A business plan should include: Only marketing strategies Only financial projections A combination of objectives, strategies, and financials No competitive analysis None 40. Which term refers to the ability of a business to quickly adapt to market changes? Scalability Rigidity Monopoly Traditionalism 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 !! Your quiz time is about to finish. Few seconds left. Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
