Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Financial Management and Strategic ManagementTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. What is strategic management? Long-term planning Daily operational management Formulation, implementation, and evaluation of strategies Financial management None 2. Which of the following is NOT a component of strategic management? Environmental scanning Strategy formulation Strategy implementation Accounting reconciliation None 3. What is the primary goal of strategic management? Increasing employee satisfaction Achieving organizational objectives Minimizing costs Improving operational efficiency None 4. Which level of strategy deals with overall organizational growth and direction? Functional-level strategy Corporate-level strategy Business-level strategy Operational-level strategy None 5. PESTEL analysis is used to analyze the _______. Internal environment Competitive environment Macro-environment Industry environment None 6. What does "S" in PESTEL stand for? Social Strategic Stakeholder Sustainability None 7. Which is NOT a part of Michael Porter's Five Forces Model? Bargaining power of buyers Threat of substitutes Legal environment Industry rivalry None 8. Which of the following factors directly impacts the competitive advantage of an organization? Demographics Cost leadership Inflation rates Political factors None 9. SWOT analysis stands for: Strengths, Weaknesses, Opportunities, Threats Strategy, Work, Objectives, Timelines Skills, Workforce, Outputs, Training Systematic, Wide, Objective, Tactics None 10. The BCG matrix categorizes business units into four types. Which is NOT one of them? Stars Cash cows Question marks Laggards None 11. Which of the following is a qualitative tool of strategic analysis? Ratio analysis SWOT analysis Regression analysis NPV calculation None 12. The primary purpose of strategy implementation is to: Formulate new goals Achieve strategic objectives Reduce operational costs Evaluate strategic options None 13. Which strategy focuses on introducing new products in existing markets? Market penetration Product development Market development Diversification None 14. Corporate-level strategy focuses on: Specific departments Product differentiation Overall growth and scope of the organization Pricing strategies None 15. Porter’s Generic Strategies include all EXCEPT: Cost leadership Differentiation Focus Diversification None 16. When a firm expands into different stages of production, it is called: Horizontal integration Vertical integration Diversification Strategic alliance None 17. Which structure is best suited for implementing a strategy focusing on multiple products? Functional structure Divisional structure Matrix structure Flat structure None 18. Which of the following is NOT a barrier to effective strategy implementation? Resistance to change Lack of resources Clear communication Inadequate leadership None 19. Balance Scorecard focuses on: Financial performance only Financial and non-financial performance Operational metrics Employee morale None 20. Which tool measures the performance of strategy through financial and nonfinancial perspectives? BCG Matrix Balanced Scorecard SWOT analysis Value chain analysis None 21. What is the last step in the strategic management process? Strategy formulation Strategy implementation Strategic evaluation Goal setting None 22. Which is NOT a part of the strategic evaluation process? Setting performance standards Measuring performance Identifying key result areas Designing organizational structure None 23. Gap analysis is used to: Identify resource gaps Analyze strategy implementation issues Evaluate differences between expected and actual performance Measure financial results None 24. Strategic control is primarily concerned with: Operational issues Monitoring the execution of the strategy Financial auditing Routine tasks None 25. A company that diversifies into unrelated industries is pursuing: Concentric diversification Horizontal diversification Conglomerate diversification Vertical diversification None 26. When an organization grows by acquiring its suppliers or distributors, it is following: Backward vertical integration Forward vertical integration Horizontal integration Diversification None 27. A strategy that aims to increase market share within existing markets is called: Market development Product diversification Market penetration Product development None 28. In strategic alliances, two or more firms collaborate to: Merge into a single entity Share resources to achieve mutual goals Compete in unrelated markets Create financial synergies None 29. Which type of diversification involves entering a completely unrelated business? Horizontal diversification Concentric diversification Conglomerate diversification Strategic diversification None 30. Blue Ocean Strategy is focused on: Competing in existing markets Creating new market space Reducing costs only Imitating competitors None 31. Porter’s Five Forces model primarily helps in: Understanding internal strengths Analyzing the intensity of competition in an industry Evaluating diversification options Financial planning None 32. Differentiation strategy is achieved by: Reducing costs to the minimum Offering unique products or services Focusing on a narrow market Integrating operations None 33. Cost leadership strategy works best when: Buyers value quality over price Economies of scale are achievable Competitors offer superior products Market demand is declining None 34. A niche strategy focuses on: Broad market segments Specific and narrow target markets Market development Industry consolidation None 35. Which of the following is NOT part of a functional strategy? Marketing strategy Financial strategy Human resource strategy Corporate restructuring None 36. Operational efficiency is a primary concern in: Business-level strategy Functional strategy Corporate-level strategy Strategic control None 37. Which of the following best defines strategic outsourcing? Delegating core functions to external agencies Selling business units Delegating non-core activities to external agencies Partnering with competitors None 38. Organizational culture plays a significant role in: Strategy evaluation Financial performance only Strategy implementation External analysis None 39. Transformational leadership in strategic management focuses on: Day-to-day operations Inspiring and motivating employees Cost reduction strategies Financial auditing None 40. Resistance to change can be minimized through: Clear communication and employee involvement Imposing strict policies Ignoring employee concerns Focusing on cost-cutting 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. 1 2 3 4 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!
