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. Who is known as the "Father of Scientific Management"? Henry Fayol Peter Drucker Frederick Winslow Taylor Elton Mayo None 2. Which function of management involves recruiting, selecting, and training employees? Organizing Staffing Controlling Planning None 3. Which of the following is an example of a non-financial incentive? Salary increment Performance bonus Recognition and awards Stock options None 4. A SWOT analysis helps an organization identify: Strengths, Weaknesses, Opportunities, and Threats Suppliers, Workers, Operations, and Technology Sales, Workload, Objectives, and Targets Strategy, Workforce, Output, and Trends None 5. Which of the following is NOT a component of Henri Fayol's 14 Principles of Management? Unity of Command Division of Work Principle of Motivation Scalar Chain None 6. Which leadership style encourages team participation in decision-making? Autocratic Democratic Laissez-Faire Bureaucratic None 7. Which step in the decision-making process involves selecting the best possible alternative? Problem identification Evaluating alternatives Implementation Monitoring outcomes None 8. Which theory suggests that workers are lazy and need strict supervision? Theory X Theory Y Maslow’s Hierarchy of Needs Herzberg’s Two-Factor Theory None 9. Delegation of authority means: Transferring all managerial power Assigning tasks and decision-making authority to subordinates Eliminating hierarchical structures Reducing employee responsibilities None 10. Which of the following is an example of informal communication? Official reports Meeting minutes Grapevine communication Emails sent by the manager None 11. Which act governs corporate governance regulations in India? Companies Act, 2013 Consumer Protection Act, 2019 Foreign Exchange Management Act, 1999 SEBI Act, 1992 None 12. Which of the following is NOT a key principle of corporate governance? Transparency Accountability Profit maximization Fairness None 13. Which of the following is an example of ethical marketing? Misleading advertisements Overcharging customers Fair trade practices Selling substandard products None 14. Ethical behavior in business results in: Legal penalties Reduced brand value Improved customer trust Increased fraudulent activities None 15. Which of the following is a major ethical issue in financial reporting? Employee training Tax evasion Product promotion Office renovation None 16. A conflict between moral values and business profits is known as: Business opportunity Ethical dilemma Strategic advantage Cost-benefit analysis None 17. Bribery is an example of: Ethical practice Unethical business conduct Employee motivation technique Transparent governance None 18. Which ethical principle emphasizes fairness and justice? Utilitarianism Rights-based ethics Virtue ethics Justice approach None 19. Which of the following refers to an organization's obligation to act for societal benefit? Corporate Social Responsibility (CSR) Financial Management Competitive Strategy Market Research None 20. Which type of ethics focuses on doing the greatest good for the majority? Deontology Utilitarianism Virtue ethics Individualism None 21. Which of the following is NOT a characteristic of an entrepreneur? Risk-taking Creativity Dependency on others Innovation None 22. Angel investors typically invest in: Large corporations Established businesses Early-stage startups Government projects None 23. Which of the following is a challenge faced by entrepreneurs? Low risk Financial uncertainty Guaranteed market success Fixed income None 24. The process of turning an idea into a business is known as: Innovation Entrepreneurship Leadership Management None 25. What is the full form of MSME? Micro, Small, and Medium Enterprises Modern Sustainable Marketing Enterprise Manufacturing and Service Medium Enterprises Market Strategy for Medium Entrepreneurs None 26. Which funding option allows businesses to raise capital from multiple small investors online? Crowdfunding Venture capital Bank loan Equity financing None 27. Which type of entrepreneur focuses on social issues rather than profit? Serial entrepreneur Social entrepreneur Corporate entrepreneur Independent entrepreneur None 28. A business that can expand operations without proportionate cost increases is called: Scalable Limited Monopolistic Capital-intensive None 29. Which government initiative promotes self-employment in rural India? Startup India Mudra Yojana Digital India Make in India None 30. Which document outlines the vision, mission, and financial projections of a startup? Balance Sheet Business Plan Audit Report Tax Return None 31. Which managerial function is considered the foundation of all other functions? Organizing Controlling Planning Directing None 32. Which of the following is an essential feature of a good organizational structure? Rigidity Complexity Clear authority and responsibility Centralized decision-making None 33. Which type of organizational structure is best suited for large corporations with multiple product lines? Functional structure Divisional structure Matrix structure Hierarchical structure None 34. Which of the following is an unethical HR practice? Fair recruitment process Equal pay for equal work Discrimination in hiring Providing training opportunities None 35. Which ethical principle emphasizes honesty and truthfulness in business dealings? Integrity Loyalty Profitability Self-interest None 36. Which of the following is NOT a quality of a successful entrepreneur? Adaptability Risk-taking ability Fear of failure Decision-making skills None 37. What is the primary advantage of bootstrapping a startup? No external debt or investor pressure Guaranteed success Quick scalability Government funding support None 38. Which of the following is an example of an intrapreneur? An individual starting a new business An employee innovating within a company A government policymaker A financial analyst None 39. Which of the following is a key element of a startup ecosystem? Venture capitalists Stock market Traditional businesses Government taxation policies None 40. Which type of entrepreneur focuses on innovation and new technologies? Lifestyle entrepreneur Technopreneur Traditional entrepreneur Social entrepreneur 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 !! 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