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. Corporate governance primarily focuses on: Ensuring operational efficiency . Improving employee productivity Enhancing accountability and fairness in management Increasing organizational profits None 2. . Which of the following is a principle of corporate governance? Monopoly in decision-making Transparency in operations Avoiding stakeholder engagement Centralized authority None 3. Ethical strategic decision-making requires considering: Only short-term profits Stakeholders' interests Cost-cutting measures only Competitors’ weaknesses None 4. Business ethics in strategic management are vital to: Avoid legal repercussions Build trust and long-term reputation Achieve immediate financial gains Reduce operational costs None 5. The main driver for adopting global strategies is: Diversification Profit maximization International market opportunities Improving corporate culture None 6. What is a transnational strategy? Focuses only on local responsiveness Balances global efficiency and local responsiveness Centralizes decision-making in the home country Expands only in low-cost regions None 7. Which entry strategy involves the least risk in global expansion? Joint ventures Exporting Franchising Foreign direct investment None 8. A global strategy is most effective when: Consumer preferences are highly diverse Economies of scale are critical Political conditions are unstable Market fragmentation is high None 9. Mergers and acquisitions are primarily used to: Reduce operational complexity Achieve growth and synergy . Decrease competition in unrelated markets . Lower production costs directly None 10. A horizontal merger occurs between: Firms at different stages of the value chain Firms in unrelated industries Competitors in the same industry Suppliers and distributors None 11. What is the primary goal of a strategic alliance? Complete ownership control Shared resources and mutual benefits Market competition elimination Increased brand exclusivity None 12. Strategic innovation involves: Cost minimization Offering entirely new ways to serve customers Focusing solely on existing markets Merging with competitors None 13. Technology strategy is most critical in: Mature industries Start-up companies Technology-intensive industries Low-cost leadership strategies None 14. What is a key characteristic of disruptive innovation? Gradual improvements in existing technology Replacing existing markets with new solutions Low cost with minimal impact Incremental changes in operational processes None 15. A company focusing on innovation for competitive advantage should: Follow competitors’ strategies Continuously invest in R&D Limit risk-taking initiatives Ignore market trends None 16. Corporate Social Responsibility (CSR) primarily focuses on: Maximizing shareholder returns Addressing societal and environmental issues Only enhancing employee benefits Increasing market competition None 17. Which of the following is an example of CSR activity? Increasing profits through higher prices Reducing carbon emissions in operations Outsourcing manufacturing to low-cost regions Introducing premium products in luxury markets None 18. The Triple Bottom Line approach includes: Profits, employees, and market share Profits, people, and planet Market share, employees, and technology Customers, operations, and environment None 19. Strategic risk involves: Day-to-day operational challenges Long-term uncertainties impacting strategic goals Financial misstatements Only legal compliance issues None 20. A contingency plan is used to: Avoid strategy formulation Address potential risks and uncertainties Reduce employee involvement Focus on competitor analysis only None 21. Scenario planning helps organizations to: Predict the future accurately Prepare for various possible future situations Avoid long-term planning Ensure immediate profitability None 22. Strategic risks can be minimized through: Ignoring external environment changes Frequent monitoring and adaptation Focusing only on financial goals Limiting stakeholder engagement None 23. Which leadership style is most effective in implementing strategies? Autocratic Participative Laissez-faire Bureaucratic None 24. Strategic decision-making is characterized by: Repetitive and routine decisions Long-term focus with significant organizational impact Day-to-day operational issues Tactical problem-solving only None 25. A key responsibility of a strategic leader is to: Focus on daily operations Align the organization’s vision with strategic goals Delegate all decision-making Avoid risk-taking None 26. Visionary leadership focuses on: Immediate cost reductions Setting and inspiring a clear future direction Maintaining status quo Limiting organizational innovation None 27. Change management is necessary in strategy implementation because: Employees naturally accept new changes Resistance to change can hinder success Change automatically aligns with organizational goals It eliminates all risks None 28. Lewin’s Change Model includes the following stages EXCEPT: Unfreezing Changing Refreezing Analyzing None 29. A proactive approach to change involves: Waiting for issues to arise before acting Anticipating and planning for future changes Avoiding risks altogether Only reacting to competitors' strategies None 30. Which strategy is used to overcome resistance to change? Imposing changes without explanation Communicating benefits and involving employees Ignoring stakeholder concerns Focusing on cost reduction only None 31. A matrix organizational structure combines: Divisional and geographical structures Functional and project-based structures Hierarchical and flat structures Horizontal and vertical integration None 32. The relationship between strategy and structure suggests that: Strategy follows structure Structure follows strategy Strategy and structure are independent Structure determines goals None 33. Which structure is most suitable for a multinational corporation? Simple structure Geographical structure. Functional structure Flat structure None 34. A flat organizational structure is characterized by: Multiple levels of hierarchy Few levels of management Strict control over decision-making Centralized authority None 35. First-mover advantage is achieved by: Entering a market before competitors . Following market trends . Imitating competitors’ strategies Waiting for market stabilization None 36. Incremental innovation involves: Significant breakthroughs Gradual improvements in existing products Disrupting entire markets Developing entirely new industries None 37. The core competence of an organization provides: Temporary success Long-term competitive advantage A basis for operational control Short-term cost reductions None 38. Sustaining a competitive advantage requires: Avoiding market changes . Continuous innovation and adaptation Imitating successful competitors Focusing on cost reduction only None 39. Strategic control focuses on: Day-to-day operational tasks Monitoring and evaluating the strategic management process Annual financial budgeting Performance appraisals only None 40. Which is NOT a type of strategic control? Premise control Implementation control Output control Strategic surveillance None 1 out of 4 Great job on taking the INCOC Test! 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