ACCT 212
Managerial Principles
Comprehensive Midterms Exam (Qns & Ans)
2025
1. Which of the following managerial functions involves setting
objectives and determining the best course of action to achieve
them?
- A. Organizing
- B. Leading
- C. Planning
- D. Controlling
ANS: C. Planning
©/2025
, Rationale: Planning involves setting objectives and
determining the best course of action to achieve them, providing
direction for the organization.
2. What is the primary focus of strategic management?
- A. Day-to-day operational decisions
- B. Long-term goals and competitive positioning
- C. Financial auditing
- D. Marketing campaigns
ANS: B. Long-term goals and competitive positioning
Rationale: Strategic management focuses on long-term goals
and competitive positioning, ensuring the organization’s
sustainable success.
Fill-in-the-Blank Questions
3. The __________ approach to management emphasizes the
scientific study of work methods to improve efficiency.
ANS: scientific management
Rationale: Scientific management emphasizes the scientific
study of work methods to improve efficiency and productivity.
©/2025
,4. __________ leadership involves motivating employees
through rewards and punishments based on their performance.
ANS: Transactional
Rationale: Transactional leadership involves motivating
employees through rewards and punishments based on their
performance, focusing on achieving specific outcomes.
True/False Questions
5. True or False: The contingency approach to management
suggests that there is one best way to manage an organization.
ANS: False
Rationale: The contingency approach to management
suggests that management practices should be tailored to fit the
specific circumstances and context of an organization, rather than
a one-size-fits-all solution.
6. True or False: Delegation involves assigning responsibility
and authority to subordinates to complete tasks.
ANS: True
©/2025
, Rationale: Delegation involves assigning responsibility and
authority to subordinates to complete tasks, empowering
employees and improving organizational efficiency.
Multiple Response Questions
7. Which of the following are key characteristics of an effective
manager? (Select all that apply)
- A. Strong communication skills
- B. Inflexibility
- C. Decision-making ability
- D. Emotional intelligence
ANSs: A, C, D
Rationale: Key characteristics of an effective manager
include strong communication skills, decision-making ability, and
emotional intelligence. Inflexibility can hinder a manager's
effectiveness.
8. Which of the following are benefits of using a matrix
organizational structure? (Select all that apply)
- A. Enhanced communication across departments
- B. Clear lines of authority
- C. Flexibility in resource allocation
©/2025
Managerial Principles
Comprehensive Midterms Exam (Qns & Ans)
2025
1. Which of the following managerial functions involves setting
objectives and determining the best course of action to achieve
them?
- A. Organizing
- B. Leading
- C. Planning
- D. Controlling
ANS: C. Planning
©/2025
, Rationale: Planning involves setting objectives and
determining the best course of action to achieve them, providing
direction for the organization.
2. What is the primary focus of strategic management?
- A. Day-to-day operational decisions
- B. Long-term goals and competitive positioning
- C. Financial auditing
- D. Marketing campaigns
ANS: B. Long-term goals and competitive positioning
Rationale: Strategic management focuses on long-term goals
and competitive positioning, ensuring the organization’s
sustainable success.
Fill-in-the-Blank Questions
3. The __________ approach to management emphasizes the
scientific study of work methods to improve efficiency.
ANS: scientific management
Rationale: Scientific management emphasizes the scientific
study of work methods to improve efficiency and productivity.
©/2025
,4. __________ leadership involves motivating employees
through rewards and punishments based on their performance.
ANS: Transactional
Rationale: Transactional leadership involves motivating
employees through rewards and punishments based on their
performance, focusing on achieving specific outcomes.
True/False Questions
5. True or False: The contingency approach to management
suggests that there is one best way to manage an organization.
ANS: False
Rationale: The contingency approach to management
suggests that management practices should be tailored to fit the
specific circumstances and context of an organization, rather than
a one-size-fits-all solution.
6. True or False: Delegation involves assigning responsibility
and authority to subordinates to complete tasks.
ANS: True
©/2025
, Rationale: Delegation involves assigning responsibility and
authority to subordinates to complete tasks, empowering
employees and improving organizational efficiency.
Multiple Response Questions
7. Which of the following are key characteristics of an effective
manager? (Select all that apply)
- A. Strong communication skills
- B. Inflexibility
- C. Decision-making ability
- D. Emotional intelligence
ANSs: A, C, D
Rationale: Key characteristics of an effective manager
include strong communication skills, decision-making ability, and
emotional intelligence. Inflexibility can hinder a manager's
effectiveness.
8. Which of the following are benefits of using a matrix
organizational structure? (Select all that apply)
- A. Enhanced communication across departments
- B. Clear lines of authority
- C. Flexibility in resource allocation
©/2025
