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 Organizing Investing Controlling None 2. The principle of ‘Unity of Command’ states that: Each employee should report to only one superior Work should be divided into specialized tasks Authority and responsibility should be balanced Managers should focus on employee motivation None 3. Who is considered the father of Scientific Management? Henry Fayol Frederick Taylor Elton Mayo Peter Drucker None 4. Which leadership style allows employees to make decisions with minimal supervision? Autocratic Democratic Laissez-Faire Bureaucratic None 5. In Maslow’s hierarchy of needs, the highest level is: Safety Needs Esteem Needs Social Needs Self-Actualization Needs None 6. Which of the following is NOT a characteristic of a good control system? Flexibility Timeliness Complexity Accuracy None 7. SWOT analysis is a tool used in which managerial function? Planning Organizing Leading Controlling None 8. A company that follows a ‘Decentralized’ structure: Gives decision-making power to lower levels Centralizes all decisions at the top Has a tall hierarchical structure Eliminates the need for leadership None 9. Which of the following is NOT a step in the decision-making process? Identifying the problem Developing alternatives Ignoring feedback Implementing the decision None 10. Which managerial function involves selecting the best candidate for a job role? Organizing Staffing Leading Planning None 11. Business ethics primarily deals with: Maximizing profits Morality and ethical decision-making in business Reducing business costs Implementing government policies None 12. Which of the following is an example of unethical business behavior? Fair pricing Customer satisfaction False advertising Employee training None 13. Corporate Social Responsibility (CSR) is related to: Employee management Environmental and social concerns Financial planning Inventory control None 14. Whistleblowing refers to: Reporting unethical behavior in an organization Promoting a business through advertising Creating competitive business strategies Increasing customer loyalty None 15. The ‘Triple Bottom Line’ concept includes: Profits, People, Planet Revenue, Costs, Taxes Employees, Suppliers, Customers Quality, Price, Brand None 16. Ethical leadership requires a manager to: Focus only on profitability Follow legal and moral standards Ignore employee concerns Use aggressive marketing strategies None 17. Insider trading is considered unethical because: It benefits all shareholders equally It gives unfair advantage to some individuals It follows government regulations It is a legal practice None 18. Ethics in business improves: Employee morale and productivity Profitability only Only customer satisfaction None of the above None 19. Which of the following is a key component of ethical decision-making? Transparency Deception Profit maximization only Ignoring competitors None 20. A business following ethical principles will: Exploit labor for cost reduction Maintain fair trade practices Ignore corporate governance Avoid paying taxes None 21. An entrepreneur is best described as: An employee A risk-taker who starts a business A government officer A financial analyst None 22. Which of the following is NOT a characteristic of an entrepreneur? Innovation Risk-taking Procrastination Leadership None 23. The process of starting a new business is called: Innovation Entrepreneurship Leadership Delegation None 24. Which of the following is an example of a startup business? A new IT company A government bank A multinational company A public sector unit None 25. A business plan includes : Financial projections Market analysis Business objectives All of the above None 26. The primary goal of an entrepreneur is to: Increase employment Take risks and generate profits Follow government rules only Work under a manager None 27. Which type of entrepreneur brings social change? Corporate Entrepreneur Social Entrepreneur Serial Entrepreneur Lifestyle Entrepreneur None 28. A franchise is a New business idea Business model based on licensing Form of business competition Legal contract between employees None 29. The term ‘Angel Investor’ refers to A wealthy individual investing in startups A government bank offering loans A stock market expert A business consultant None 30. Which of the following is NOT a source of startup funding? Venture Capital Bank Loans Fixed Deposits Crowdfunding None 31. Which function of management ensures that actual performance matches the planned performance? Planning Organizing Controlling Directing None 32. Which leadership style involves strict rules and close supervision Autocratic Democratic Transformational Charismatic None 33. In a matrix organizational structure, employees report to: One manager only Multiple managers No manager The CEO directly None 34. The first step in strategic management is Evaluating strategies Implementing policies Setting objectives Environmental scanning None 35. Which of the following is an ethical issue in marketing? False advertising Consumer rights protection Product innovation Customer satisfaction None 36. The ethical approach that focuses on the ‘greatest good for the greatest number’ is called: Deontological ethics Utilitarianism Virtue ethics Categorical imperative None 37. What is the main objective of corporate governance? Maximizing short-term profits Protecting stakeholders' interests Avoiding legal requirements Eliminating competition None 38. . Which of the following is NOT a type of entrepreneur? Social Entrepreneur Business Entrepreneur Dependent Entrepreneur Serial Entrepreneur None 39. Which government initiative supports startups in India? Make in India Start-Up India Digital India Atmanirbhar Bharat None 40. Which of the following is an advantage of being an entrepreneur Fixed salary Unlimited job security Independence and decision-making freedom Limited working hours 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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