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MGT404 Midterm Preparation by ZB

Managerial Accounting PDF 703 KBUpdated 23 Oct 2026
Midterm past paper MGT404 Midterm Preparation by ZB PDF 703 KB
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Midterm past paper
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MGT404 Managerial Accounting
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PDF 703 KB
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23 Oct 2026
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Q1. Which of the following is NOT one of the four functions of management?

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

Answer: d) Negotiating

Q2. What is the primary purpose of strategic management?

  1. To increase company profits
  2. To create a long-term plan for growth
  3. To manage daily operations
  4. To supervise employee performance

Answer: b) To create a long-term plan for growth

Q3. Which of the following is an example of an external factor influencing an organization’s decisions?

  1. Organizational culture
  2. Company resources
  3. Political environment
  4. Employee performance

Answer: c) Political environment

Q4. What does SWOT stand for in a SWOT analysis?

  1. Strengths, Weaknesses, Opportunities, Threats
  2. Strategy, Weaknesses, Opportunities, Threats
  3. Strengths, Wages, Opportunities, Time
  4. Strengths, Weaknesses, Organization, Threats

Answer: a) Strengths, Weaknesses, Opportunities, Threats

Q5. Which of the following is the best definition of leadership?

  1. Providing clear instructions to employees
  2. Motivating and guiding others to achieve goals
  3. Monitoring employee performance
  4. Planning the day-to-day operations

Answer: b) Motivating and guiding others to achieve goals

Q6. What is the process of planning, organizing, leading, and controlling in management?

  1. Delegation
  2. Performance management
  3. Decision making
  4. The management process

Answer: d) The management process

Q7. Which of the following is a characteristic of an autocratic leadership style?

  1. Employees are highly involved in decision making
  2. Leader makes decisions without consulting employees
  3. Leader encourages open communication and feedback
  4. Employees have full autonomy in their tasks

Answer: b) Leader makes decisions without consulting employees

Q8. Which of the following is NOT a part of the controlling function in management?

  1. Setting performance standards
  2. Monitoring actual performance
  3. Taking corrective actions
  4. Setting organizational goals

Answer: d) Setting organizational goals

Q9. Which type of planning focuses on the long-term goals of an organization?

  1. Tactical planning
  2. Operational planning
  3. Strategic planning
  4. Contingency planning

Answer: c) Strategic planning

Q10. What is the main role of a middle manager?

  1. To set overall company goals
  2. To implement strategies and policies from top management
  3. To perform daily operations
  4. To supervise and lead teams on the front lines

Answer: b) To implement strategies and policies from top management

Q11. Which of the following is a disadvantage of decentralization?

  1. Increased flexibility in decision making
  2. Greater responsiveness to local conditions
  3. Greater consistency across the organization
  4. Lack of coordination and consistency

Answer: d) Lack of coordination and consistency

Q12. What does the concept of "span of control" refer to?

  1. The number of levels in an organizational hierarchy
  2. The number of employees a manager supervises
  3. The level of decision-making authority a manager has
  4. The amount of training provided to employees

Answer: b) The number of employees a manager supervises

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