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 type of planning focuses on short-term objectives and day-to-day operations? Strategic Planning Tactical Planning Operational Planning Contingency Planning None 2. Which of the following is a key step in the decision-making process? Ignoring alternative solutions Defining the problem Following intuition alone Avoiding data collection None 3. What is the primary purpose of contingency planning? Handling unexpected situations Expanding business operations Increasing profitability Reducing employee workload None 4. Which of the following best describes a Vision Statement? Defines future goals and aspirations Focuses only on daily operations Describes detailed financial reports Sets short-term objectives None 5. Porter’s Five Forces model is used for: Marketing strategy formulation Competitive analysis Human resource planning Financial budgeting None 6. Which organizational structure is characterized by a dual reporting system? Functional Structure Matrix Structure Hierarchical Structure Divisional Structure None 7. What type of leader makes decisions independently without employee input? Autocratic Democratic Laissez-Faire Transformational None 8. Transactional leadership focuses on: Inspiring long-term vision Rewards and punishments based on performance Empowering employees with creativity Disregarding formal management practices None 9. Which leadership style encourages innovation and change? Autocratic Transformational Bureaucratic Laissez-Faire None 10. Delegation in management refers to: Assigning authority to subordinates Reducing employee workload Centralizing decision-making Increasing bureaucracy None 11. Which of the following is a monetary motivation factor? Recognition Job security Salary increase Positive work environment None 12. Which of the following is a barrier to effective communication? Active listening Cultural differences Clear message delivery Open feedback None 13. Grapevine communication is: Official and formal Unofficial and informal Always inaccurate Only used in small businesses None 14. In Herzberg’s Two-Factor Theory, which of the following is a hygiene factor? Recognition Career growth Salary Job responsibility None 15. Which of the following is NOT an element of communication? Sender Receiver Feedback Profits None 16. Which of the following is an unethical practice? Bribery Transparency Fair competition Customer satisfaction None 17. Corporate governance ensures: Ethical business practices Monopoly in the market Reduction in business taxes Ignoring shareholder interests None 18. Which of the following is NOT part of Corporate Social Responsibility (CSR)? Environmental protection Community development Employee mistreatment Ethical labor practices None 19. Which law prevents insider trading in India? SEBI Act, 1992 Companies Act, 2013 Income Tax Act, 1961 Foreign Exchange Management Act, 1999 None 20. Which of the following is an example of ethical advertising? False claims about a product Transparent and honest marketing Manipulating customer emotions Misrepresenting facts None 21. Which of the following is NOT a characteristic of an entrepreneur? Risk-taking Innovation Fear of failure Visionary mindset None 22. Which of the following is an example of social entrepreneurship? Establishing a non-profit organization Investing in cryptocurrency Manufacturing luxury goods Stock market trading None 23. Which factor is most important for startup success? Government subsidies Strong business model High initial investment Competition avoidance None 24. Which of the following is a government initiative to support startups in India? Digital India Make in India Startup India All of the above None 25. Angel investors provide funding in: Growth stage Initial stage Decline stage Post-profitability phase None 26. Which financial statement shows the profit or loss of a business? Balance Sheet Cash Flow Statement Income Statement Budget Report None 27. Which business structure has unlimited liability? Private Limited Company Public Limited Company Sole Proprietorship Limited Liability Partnership None 28. Which entrepreneur founded Microsoft? Steve Jobs Bill Gates Jeff Bezos Elon Musk None 29. The term ‘scalability’ in a startup refers to: Increasing operational costs Expanding the business efficiently Reducing the customer base Limiting innovation None 30. Which of the following is NOT a source of startup funding? Venture capital Angel investment Personal savings Employee salaries None 31. Which of the following is the first step in the management process? Organizing Controlling Planning Staffing None 32. Which of the following is NOT a function of management? Planning Controlling Marketing Directing None 33. Which financial ratio measures a company's profitability? Current Ratio Debt-to-Equity Ratio Return on Investment (ROI) Inventory Turnover Ratio None 34. What does the term ‘span of control’ refer to in management? Number of managers in an organization Number of employees directly supervised by a manager Time taken for decision-making Company’s financial control over assets None 35. Which ethical principle emphasizes fairness and justice in decision-making? Utilitarianism Deontology Rights Theory Virtue Ethics None 36. Whistleblowing in business ethics refers to: Reporting unethical or illegal activities within an organization Promoting business transparency Supporting managerial decisions Encouraging workplace gossip None 37. A startup’s "break-even point" is the level where: Total revenue equals total cost The company begins making profits The company has zero expenses There is a loss in business operations None 38. Which of the following is NOT a characteristic of a successful entrepreneur? Risk-taking ability Adaptability Resistance to change Decision-making skills None 39. What is the main objective of business incubators? Providing financial investment only Offering mentorship and business support to startups Controlling the business operations of startups Limiting market competition None 40. Which of the following best defines bootstrapping in entrepreneurship? Relying on personal savings and revenue to fund a startup Securing venture capital investment early Applying for multiple bank loans Using crowdfunding to generate capital 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!
