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 a major challenge in achieving strategic agility? Overinvestment in employee training Resistance to change and innovation Lack of competitors in the market Stable external environment None 2. Blue Ocean Strategy is focused on: Competing in existing markets Creating new market space Reducing costs only Imitating competitors None 3. The primary goal of a Blue Ocean Strategy is to: Maximize competition Achieve differentiation and low cost simultaneously Avoid innovation Focus solely on price leadership None 4. Which of the following is a Blue Ocean Strategy tool? SWOT analysis Strategy Canvas Value Chain Analysis BCG Matrix None 5. Red Ocean Strategy focuses on: Creating new demand Competing in existing markets Avoiding rivalry Innovating entirely new products None 6. Strategic outsourcing involves: Delegating core activities to external vendors Reducing all external collaborations Limiting innovation in operational processes Focusing only on internal production None 7. Outsourcing is most beneficial when: Internal resources are insufficient Core competencies are outsourced Long-term costs increase Market competition is low None 8. A risk associated with outsourcing is: Gaining a competitive edge Losing control over critical processes Reducing operational efficiency Increasing internal expertise None 9. Which activity is typically outsourced in a non-core area? Financial strategy formulation IT infrastructure management Vision and mission setting Market leadership decisions None 10. A merger is different from a strategic alliance because: A merger creates a single entity Mergers require fewer resources Strategic alliances eliminate competition Mergers do not involve ownership changes None 11. Backward integration refers to: Merging with competitors Acquiring suppliers Expanding market share Diversifying into unrelated industries None 12. Which of the following is a horizontal integration strategy? Merging with a supplier Acquiring a competitor Expanding into a new market segment Partnering with unrelated businesses None 13. A major advantage of mergers is: Complete risk elimination Achieving synergies and economies of scale Avoiding external collaboration Limiting market presence None 14. Disruptive innovation often: Enhances existing products gradually Creates new markets and value networks Focuses on incremental improvements Avoids market disruption None 15. Open innovation refers to: Developing solutions exclusively in-house Collaborating with external parties to innovate Limiting employee involvement in R&D Avoiding customer input in development None 16. The primary focus of innovation strategy is: Short-term profitability Gaining long-term competitive advantage Eliminating operational risks Reducing product variety None 17. What is a key barrier to innovation? Lack of organizational rigidity Resistance to change and risk aversion High levels of employee involvement Rapidly changing technologies None 18. Digital transformation in strategy focuses on: Avoiding technological changes Leveraging digital technologies for strategic goals Reducing employee dependence on technology Increasing reliance on manual processes None 19. Big data helps strategic management by: Providing real-time insights for decision-making Limiting data-driven decisions Avoiding external market analysis Reducing organizational flexibility None 20. Cloud computing enhances strategy by: Limiting data accessibility Increasing operational agility and scalability Reducing innovation opportunities Avoiding cost optimization None 21. Digital disruption often leads to: Market stability Fundamental shifts in business models Elimination of external competition Reduced innovation requirements None 22. Localization strategy focuses on: Standardizing products across markets Adapting products and marketing to local needs Reducing customer diversity Ignoring cultural differences None 23. A global standardization strategy emphasizes: High local responsiveness Achieving economies of scale Differentiating products in every market Ignoring global competition None 24. Which market entry strategy involves full ownership? Franchising Exporting Foreign direct investment (FDI) Joint ventures None 25. Key Risk Indicators' (KRIs) help organizations to: Predict potential risk events and monitor risk exposure Maximize profitability Evaluate customer satisfaction Assess past performance None 26. Risk management involves: Avoiding all potential risks Identifying, assessing, and mitigating risks Ignoring external uncertainties Eliminating employee involvement None 27. Which type of risk is most relevant in strategic management? Financial reporting errors Strategic risks affecting long-term goals Minor operational delays Temporary customer dissatisfaction None 28. A risk mitigation strategy should: Completely eliminate risks Reduce the likelihood and impact of risks Ignore stakeholder concerns Avoid investing in preventive measures None 29. Which tool is commonly used for risk assessment? BCG Matrix Risk Matrix Value Chain Analysis . Balanced Scorecard None 30. Corporate governance ensures: Effective management and stakeholder alignment Sole focus on profit maximization Reduced transparency in operations Ignoring shareholder interests None 31. An independent board of directors contributes to: Reduced accountability Enhanced transparency and decision-making Eliminating shareholder influence Centralizing control to management None 32. Ethical corporate governance helps organizations by: Reducing trust with stakeholders Building long-term reputation and trust Avoiding CSR activities Increasing short-term profits only None 33. Corporate social responsibility (CSR) is an element of: Financial reporting Strategic corporate governance Operational management Cost leadership strategies None 34. Strategic leadership involves: Operational task management Influencing others to achieve long-term goals Focusing on short-term objectives Avoiding innovation in decision-making None 35. A transformational leader in strategic management: Focuses only on routine tasks Inspires and motivates employees toward a shared vision Avoids changes in organizational processes Prioritizes cost-cutting over innovation None 36. A key characteristic of strategic leaders is: Rigid decision-making Visionary thinking Avoiding stakeholder involvement Limiting communication with teams None 37. Value chain analysis focuses on: Identifying cost inefficiencies only Enhancing competitive advantage through activities Avoiding external benchmarking Reducing product differentiation None 38. Support activities in the value chain include: Inbound logistics and operations Human resource management and procurement Marketing and sales Service and outbound logistics None 39. Change management in strategy focuses on: Stabilizing current processes Leading and managing organizational transitions Avoiding risks and uncertainty Reducing communication during changes None 40. Resistance to change can be minimized by: Communicating the benefits of change effectively Ignoring employee feedback Imposing changes without consultation Avoiding organizational training programs 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!
