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 function of management? Planning Controlling Marketing Directing None 2. Who is known as the father of scientific management? Henry Fayol F.W. Taylor Max Weber Elton Mayo None 3. Which of the following principles is given by Henry Fayol? Division of work Scientific selection Motion study Time study None 4. Which type of plan outlines how objectives are to be achieved? Strategic Plan Tactical Plan Operational Plan None of the above None 5. Which leadership style gives complete freedom to subordinates? Autocratic Democratic Laissez-faire Transformational None 6. What does SWOT stand for? Strengths, Weaknesses, Opportunities, Threats Sales, Work, Opportunities, Training Systems, Workflow, Operations, Trends None of the above None 7. Which of the following is not a function of staffing? Recruitment Selection Motivation Controlling None 8. Which function of management involves setting objectives and deciding how to achieve them? Organizing Controlling Planning Directing None 9. Maslow’s Hierarchy of Needs consists of how many levels? 3 4 5 6 None 10. Which technique is used to improve productivity by analyzing work movements? SWOT analysis Motion study Quality circle Benchmarking None 11. Business ethics deals with __________. Laws and regulations Morality in business decisions Profit maximization Customer preferences None 12. Which of the following is a principle of business ethics? Deception Fairness Exploitation Dishonesty None 13. Which approach to ethics focuses on the consequences of actions? Utilitarian approach Rights approach Fairness approach Virtue ethics None 14. Ethical dilemmas occur when there is a conflict between __________. Business growth and profit Individual values and organizational goals Short-term and long-term objectives All of the above None 15. Which act in India deals with corporate social responsibility (CSR)? Companies Act, 1956 Companies Act, 2013 Indian Contract Act, 1872 Consumer Protection Act, 2019 None 16. Ethics in business is essential for __________. Building reputation Increasing profits Reducing competition Eliminating government control None 17. Which of the following is an unethical business practice? Transparency Bribery Corporate social responsibility Fair wages None 18. Which term refers to the responsibility of businesses towards society? Corporate Governance Business Ethics Corporate Social Responsibility Consumer Rights None 19. What does ESG stand for in ethical business practices? Environment, Social, and Governance Employee, Strategy, and Growth Equity, Safety, and Guidance None of the above None 20. Which principle of business ethics focuses on honesty and truthfulness? Accountability Transparency Responsibility Fairness None 21. Who is an entrepreneur? A risk-taker in business A government employee A passive investor A wage worker None 22. Which type of entrepreneur focuses on innovation? Imitative Fabian Innovative Drone None 23. Which of the following is NOT a characteristic of an entrepreneur? Risk-taking Innovation Dependency Visionary thinking None 24. The process of starting a new business is called __________. Business Administration Entrepreneurship Partnership None of the above None 25. Which of the following is a government initiative to promote entrepreneurship in India? Stand-Up India Start-Up India Make in India All of the above None 26. What does MSME stand for? Micro, Small, and Medium Enterprises Market, Strategy, and Management Excellence Money, Sales, and Market Expansion None of the above None 27. Which financial institution supports entrepreneurs in India? RBI SIDBI SEBI NITI Aayog None 28. Which document is essential for starting a new business? Business Plan Balance Sheet Annual Report Profit and Loss Account None 29. A business incubator helps startups by providing __________. Office space Mentorship Funding opportunities All of the above None 30. Angel investors provide funding to startups in exchange for __________. Equity Fixed interest Salaries Tax benefits None 31. Which type of organizational structure is best for a rapidly changing environment? Hierarchical Matrix Functional Bureaucratic None 32. Which leadership theory suggests that leaders are born, not made? Trait Theory Behavioral Theory Transformational Theory Situational Theory None 33. Which of the following is an external factor affecting business decisions? Company policies Organizational culture Economic conditions Employee motivation None 34. In decision-making, what does the acronym PERT stand for? Program Evaluation and Review Technique Performance Evaluation and Resource Training Planning, Execution, Reporting, and Testing None of the above None 35. Which ethical concept refers to the duty of organizations to be accountable for their impact on society? Corporate Social Responsibility (CSR) Shareholder Value Maximization Market Expansion Consumer Sovereignty None 36. Which unethical practice involves inflating financial statements to mislead investors? Insider Trading Window Dressing Predatory Pricing Cartel Formation None 37. A company’s "Code of Ethics" primarily serves to: Improve profitability Set guidelines for ethical decision-making Reduce government regulations Increase employee salaries None 38. A startup’s "Break-even Point" refers to the level where: Total revenue equals total costs Losses start increasing Profits reach their maximum Business expansion is mandatory None 39. Which type of entrepreneur prefers to adopt existing business ideas rather than innovating new ones? Imitative Entrepreneur Fabian Entrepreneur Drone Entrepreneur Serial Entrepreneur None 40. Which government scheme provides collateral-free loans to micro and small enterprises in India? Mudra Yojana Start-Up India Digital India Make in India 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. 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