NOCTI GENERAL MANAGEMENT TEST LATEST
2025-2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS
CorporationL-
LCORRECTLANSWERSgroupLofLpeopleLauthorizedLtoLactLasLaLsingleLentityLandLrecognizedLasLsuchLinLl
aw.LShareholdersLplayLaLbigLroleLinLaLcorporation.LALadvantageLisLthatLyouLareLnotLpersonallyLliableLf
orLtheLassetsLandLdebtsLofLtheLbusiness.LTheLdisadvantagesLareLdoubleLtaxation
LimitedLLiabilityLCompanyL-
LCORRECTLANSWERScorporateLstructureLwherebyLtheLmembersLofLtheLcompanyLcannotLbeLheldLp
ersonallyLliableLforLtheLcompany'sLdebtsLorLliabilities.LALadvantageLisLsimplicityLandLyouLcanLbuildLb
usinessLcredit.LALdisadvantageLisLtheLnumberLofLowners.
PartnershipL-
LCORRECTLANSWERSanLarrangementLwhichLtwoLorLmoreLindividualsLshareLtheLprofitsLandLliabilitie
sLofLaLbusinessLventure.LAnLadvantageLisLnoLincomeLtax.LALdisadvantageLisLunlimitedLliability.
SoleLProprietorshipL-
LCORRECTLANSWERSsimplestLandLmostLcommonLstructureLchosenLtoLstartLaLbusiness.LALadvantage
LisLlittleLpaperwork.LALdisadvantageLisLunlimitedLliability.
SLCorporationL-
LCORRECTLANSWERSaLcorporationLthatLmeetsLspecificLIRCLrequirements,LgivingLaLcorporationLwithL
100LshareholdersLorLlessLtheLbenefitLofLincorporationLwhileLbeingLtaxedLasLaLpartnership.LAnLadvan
tageLisLitLprotectsLtheLpersonalLassetsLofLitsLshareholders.LALdisadvantageLisLitLpassesLthroughLentit
yLforLfederalLincomeLtaxLpurposes.
SWOTLAnalysisL-
LCORRECTLANSWERSaLstudyLundertakenLbyLanLorganizationLtoLidentifyLitsLinternalLstrengthsLandLw
eakness.LSWOTLAnalysisLfocusingLonLtheLstrengths,Lweakness,LandLthreatsLyourLcompanyLfaces.
, DisasterLrecoveryLplansL-
LCORRECTLANSWERSaLdocumentedLprocessLorLsetLofLproceduresLtoLrecoverLandLprotectLaLbusiness
LITLinfrastructureLinLtheLeventLofLaLdisaster.LIt'sLuseLisLitLpreparesLforLaLdisaster.
Five-ForcesLModelL-
LCORRECTLANSWERSAnalyzeLtheLcompetitiveLenvironmentLinLwhichLaLproductLorLcompanyLworks.LI
t'sLuseLisLtoLdecideLwhichLforceLworksLbetterLforLtheLcompany.
MarketLGrowth/LShareLMatrixL-
LCORRECTLANSWERSAnLincreaseLinLtheLdemandLforLaLparticularLproductLorLserviceLoverLtime.LUse:L
MarketLgrowthLcanLbeLslowLifLconsumersLdoLnotLadoptLaLhighLdemandLorLrapidLifLconsumersLfindLth
eLproductLorLserviceLusefulLforLtheLpriceLlevel.
GELBusinessLStrengthL/LMarketLAttractivenessL-
LCORRECTLANSWERSItLanalyzesLmarketLattractivenessLandLcompetitiveLstrengthLtoLdetermineLtheL
overallLstrengthLofLaLSBU.LUse:LaLmodelLusedLtoLassessLtheLstrengthLofLaLstrategicLbusinessLunitL(SB
U)LofLaLcorporation.
Porter'sLGenericLCompetitionL-
LCORRECTLANSWERSThereLareLthree/fourLgenericLstrategies,LeitherLlowerLcost,Ldifferentiated,LorLf
ocus.LUse:LPorter'sLgenericLstrategiesLdescribeLhowLaLcompanyLpursuesLcompetitiveLadvantageLacr
ossLitsLchosenLmarketLscope.
NAFTAL-
LCORRECTLANSWERSNorthLAmericanLFreeLTradeLAgreement.LALtreatyLenteredLintoLbyLtheLUnitedLS
tates,LCanada,LandLMexico.
SWOTL-
LCORRECTLANSWERSStrengths,LWeaknesses,LOpportunities,LandLThreats.LALSWOTLanalysisLisLaLco
mmonLtoolLforLbusinessLanalysisLandLmarketingLplanning
2025-2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS
CorporationL-
LCORRECTLANSWERSgroupLofLpeopleLauthorizedLtoLactLasLaLsingleLentityLandLrecognizedLasLsuchLinLl
aw.LShareholdersLplayLaLbigLroleLinLaLcorporation.LALadvantageLisLthatLyouLareLnotLpersonallyLliableLf
orLtheLassetsLandLdebtsLofLtheLbusiness.LTheLdisadvantagesLareLdoubleLtaxation
LimitedLLiabilityLCompanyL-
LCORRECTLANSWERScorporateLstructureLwherebyLtheLmembersLofLtheLcompanyLcannotLbeLheldLp
ersonallyLliableLforLtheLcompany'sLdebtsLorLliabilities.LALadvantageLisLsimplicityLandLyouLcanLbuildLb
usinessLcredit.LALdisadvantageLisLtheLnumberLofLowners.
PartnershipL-
LCORRECTLANSWERSanLarrangementLwhichLtwoLorLmoreLindividualsLshareLtheLprofitsLandLliabilitie
sLofLaLbusinessLventure.LAnLadvantageLisLnoLincomeLtax.LALdisadvantageLisLunlimitedLliability.
SoleLProprietorshipL-
LCORRECTLANSWERSsimplestLandLmostLcommonLstructureLchosenLtoLstartLaLbusiness.LALadvantage
LisLlittleLpaperwork.LALdisadvantageLisLunlimitedLliability.
SLCorporationL-
LCORRECTLANSWERSaLcorporationLthatLmeetsLspecificLIRCLrequirements,LgivingLaLcorporationLwithL
100LshareholdersLorLlessLtheLbenefitLofLincorporationLwhileLbeingLtaxedLasLaLpartnership.LAnLadvan
tageLisLitLprotectsLtheLpersonalLassetsLofLitsLshareholders.LALdisadvantageLisLitLpassesLthroughLentit
yLforLfederalLincomeLtaxLpurposes.
SWOTLAnalysisL-
LCORRECTLANSWERSaLstudyLundertakenLbyLanLorganizationLtoLidentifyLitsLinternalLstrengthsLandLw
eakness.LSWOTLAnalysisLfocusingLonLtheLstrengths,Lweakness,LandLthreatsLyourLcompanyLfaces.
, DisasterLrecoveryLplansL-
LCORRECTLANSWERSaLdocumentedLprocessLorLsetLofLproceduresLtoLrecoverLandLprotectLaLbusiness
LITLinfrastructureLinLtheLeventLofLaLdisaster.LIt'sLuseLisLitLpreparesLforLaLdisaster.
Five-ForcesLModelL-
LCORRECTLANSWERSAnalyzeLtheLcompetitiveLenvironmentLinLwhichLaLproductLorLcompanyLworks.LI
t'sLuseLisLtoLdecideLwhichLforceLworksLbetterLforLtheLcompany.
MarketLGrowth/LShareLMatrixL-
LCORRECTLANSWERSAnLincreaseLinLtheLdemandLforLaLparticularLproductLorLserviceLoverLtime.LUse:L
MarketLgrowthLcanLbeLslowLifLconsumersLdoLnotLadoptLaLhighLdemandLorLrapidLifLconsumersLfindLth
eLproductLorLserviceLusefulLforLtheLpriceLlevel.
GELBusinessLStrengthL/LMarketLAttractivenessL-
LCORRECTLANSWERSItLanalyzesLmarketLattractivenessLandLcompetitiveLstrengthLtoLdetermineLtheL
overallLstrengthLofLaLSBU.LUse:LaLmodelLusedLtoLassessLtheLstrengthLofLaLstrategicLbusinessLunitL(SB
U)LofLaLcorporation.
Porter'sLGenericLCompetitionL-
LCORRECTLANSWERSThereLareLthree/fourLgenericLstrategies,LeitherLlowerLcost,Ldifferentiated,LorLf
ocus.LUse:LPorter'sLgenericLstrategiesLdescribeLhowLaLcompanyLpursuesLcompetitiveLadvantageLacr
ossLitsLchosenLmarketLscope.
NAFTAL-
LCORRECTLANSWERSNorthLAmericanLFreeLTradeLAgreement.LALtreatyLenteredLintoLbyLtheLUnitedLS
tates,LCanada,LandLMexico.
SWOTL-
LCORRECTLANSWERSStrengths,LWeaknesses,LOpportunities,LandLThreats.LALSWOTLanalysisLisLaLco
mmonLtoolLforLbusinessLanalysisLandLmarketingLplanning
