Skip to content
VUBuddy

MGT402 Midterm Preparation Set 2 by ZB

Cost & Management Accounting PDF 699 KBUpdated 23 Oct 2026
Midterm past paper MGT402 Midterm Preparation Set 2 by ZB PDF 699 KB
vubuddy.com
Type
Midterm past paper
Course
MGT402 Cost & Management Accounting
Size
PDF 699 KB
Updated
23 Oct 2026
Free download 0 of 3 used today
Download free · 699 KB

You get 3 free files a day on the website. Add the Chrome extension for 30 a day.

Unlimited downloads in the Android app Get it free on Google Play

Preview text

Text from pages 2, 3, 4 of 18. Download the file for all 18 pages.

Q1. What is the primary function of management? a) Planning

  1. Organizing
  2. Leading
  3. Controlling

Answer: A) Organizing Planning

Q2. Which of the following is a characteristic of a decentralized organization? a) Authority is concentrated at the top

  1. Decision-making is pushed down to lower levels
  2. High degree of specialization
  3. Top management makes all decisions

Answer: B) High degree of specialization Decision-making is pushed down to lower levels

Q3. The process of setting goals and determining the steps to achieve them is known as: a) Organizing

  1. Planning
  2. Directing
  3. Controlling

Answer: B) Directing Planning

Q4. Which type of planning focuses on the long-term goals of an organization? a) Tactical Planning

  1. Operational Planning
  2. Strategic Planning
  3. Contingency Planning

Answer: C) Contingency Planning Strategic Planning

Q5. What is the first step in the decision-making process? a) Identifying alternatives

  1. Gathering information
  2. Recognizing the problem
  3. Evaluating alternatives

Answer: C) Evaluating alternatives Recognizing the problem

Q6. Which of the following is NOT a function of management? a) Planning

  1. Organizing
  2. Marketing
  3. Controlling

Answer: C) Controlling Marketing

Q7. Which leadership style involves the leader making decisions alone without consulting others? a) Democratic

  1. Autocratic
  2. Laissez-faire
  3. Transformational

Answer: B) Laissez-faire Autocratic

Q8. What is the purpose of a SWOT analysis? a) To develop a financial plan

  1. To assess the strengths, weaknesses, opportunities, and threats of an organization
  2. To organize tasks effectively
  3. To define roles and responsibilities

Answer: B) To organize tasks effectively To assess the strengths, weaknesses, opportunities, and threats of an organization

Q9. Which of the following is an example of a management skill? a) Planning

  1. Communication
  2. Task delegation
  3. All of the above

Answer: d) All of the above

Q10. What is the main difference between leadership and management? a) Leaders focus on the present, while managers focus on the future

  1. Managers control and direct, while leaders inspire and motivate
  2. Managers are involved in planning, while leaders are not
  3. There is no difference between leadership and management

Answer: B) Managers are involved in planning, while leaders are not Managers control and direct, while leaders inspire and motivate

Q11. In the context of management, what does the term “organizational structure” refer to? a) The decision-making process

  1. The way tasks are divided and coordinated
  2. The physical layout of an office
  3. The goals of an organization

Answer: B) The physical layout of an office The way tasks are divided and coordinated

Q12. Which of the following is a key feature of a functional organizational structure? a) Employees are grouped based on specialized functions

  1. Employees are grouped based on geographical location
  2. Employees are grouped based on product lines
  3. Employees have no defined roles

Answer: A) Employees are grouped based on geographical location Employees are grouped based on specialized functions

All MGT402 files →
MGT402 Cost & Management Accounting All MGT402 handouts, past papers, quizzes and MCQs in one place. Open course page

Get more out of VUBuddy, for free

Android app Free on Google Play
  • Unlimited downloads
  • The explanation behind every MCQ answer
  • Study offline on slow data
Get the Android app
Chrome extension Free on the Chrome Web Store
  • 30 downloads a day instead of 3
  • Sign in and buy Pro Semester here
Add to Chrome

One Pro Semester membership works in both the extension and the app.