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MGT201 Midterm and Final Term Preparation by ZB

Financial Management PDF 1.1 MBUpdated 23 Oct 2026
Midterm past paper MGT201 Midterm and Final Term Preparation by ZB PDF 1.1 MB
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Midterm past paper
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MGT201 Financial Management
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PDF 1.1 MB
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23 Oct 2026
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MCQS · ZB · ZB MCQS · Midterm preparation file

Q1. Which of the following is the primary function of management?

  1. Controlling
  2. Planning
  3. Organizing
  4. Directing

Answer: b) Planning

Q2. What is the first step in the planning process?

  1. Define objectives
  2. Analyze alternatives
  3. Evaluate the plan
  4. Implement the plan

Answer: a) Define objectives

Q3. Which of the following is an example of a tactical decision?

  1. Setting long-term goals
  2. Formulating the mission statement
  3. Deciding the best way to achieve strategic goals
  4. Identifying core values

Answer: c) Deciding the best way to achieve strategic goals

Q4. In the process of organizing, which of the following is primarily involved?

  1. Delegation of authority
  2. Making decisions
  3. Establishing performance standards
  4. Controlling resources

Answer: a) Delegation of authority

Q5. What is the primary purpose of controlling in management?

  1. To motivate employees
  2. To monitor and adjust performance
  3. To delegate tasks
  4. To set objectives

Answer: b) To monitor and adjust performance

Q6. Which leadership style is characterized by decision-making centralized at the top of the hierarchy?

  1. Democratic
  2. Autocratic
  3. Laissez-faire
  4. Transformational

Answer: b) Autocratic

Q7. Which of the following is a function of controlling?

  1. Setting performance standards
  2. Motivating employees
  3. Training new employees
  4. Developing new policies

Answer: a) Setting performance standards

Q8. Which of the following is a key principle of management?

  1. Unity of direction
  2. Flexibility of authority
  3. Avoiding specialization
  4. Limited decision-making

Answer: a) Unity of direction

Q9. Which of the following is considered a resource in management?

  1. People
  2. Money
  3. Time
  4. All of the above

Answer: d) All of the above

Q10. The ability of a manager to inspire and motivate employees to achieve organizational goals is known as:

  1. Planning
  2. Controlling
  3. Leading
  4. Organizing

Answer: c) Leading

Q11. Which of the following refers to the process of evaluating and correcting activities to ensure that goals are achieved?

  1. Organizing
  2. Planning
  3. Controlling
  4. Leading

Answer: c) Controlling

Q12. What type of decision-making involves using a systematic process to evaluate alternatives and select the best option?

  1. Intuitive
  2. Rational
  3. Creative
  4. Political

Answer: b) Rational

Q13. Which of the following is a major challenge in the planning process?

  1. Setting unrealistic goals
  2. Inadequate communication
  3. Both a and b
  4. None of the above

Answer: c) Both a and b

Q14. Which of the following is not part of the strategic management process?

  1. Setting long-term goals
  2. Developing specific strategies
  3. Monitoring performance
  4. Establishing short-term objectives

Answer: d) Establishing short-term objectives

Q15. Which of the following is an example of an intangible resource?

  1. Machinery
  2. Buildings
  3. Intellectual property
  4. Financial capital

Answer: c) Intellectual property

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