MFT EXAM QUESTIONS CORRECTLY ANSWERED.
In North America and Asia, Bauer's products are used by managers as personal productivity tools. Because there are different mobile phone standards in these regions, Bauer has to revise the cellular communication components of these products. In North Ame...
In North America and Asia, Bauer's products are used by managers as personal productivity tools.
Because there are different mobile phone standards in these regions, Bauer has to revise the cellular
communication components of these products. In North America and Asia, which of the following
strategies is Bauer using? - CORRECT ANSWER product adaptation; promotion extension
To achieve its profit objectives, Bauer must price its premium business model at 500 euros. The price is
$600 in the U.S. at the current exchange rate of $1.20 dollars to the euro. The price is $100 below that
of Bauer's nearest competitor, and the company wishes to maintain this low price position. If the
exchange rate changes to $1.15 to the euro, the firm's price in the U.S. will... - CORRECT ANSWER rise,
and the company will lose its price advantage
A consumer was perfectly happy with her new home audiovisual system until she visited a friend's
apartment and watched the friend stream video content wirelessly from his cell phone through his
system. The consumer is now disappointed that her equipment does not have that capability. Which
stage of the consumer purchase process is she experiencing? - CORRECT ANSWER Postproduct
confirmation
A company breaks even in June by selling 2,200 units and earns a profit of $875 in July selling 2,450
units. If the sales price per unit and the variable cost per unit were the same in both June and July, what
was the amount of the fixed costs in each month? - CORRECT ANSWER $7,700
Production techniques, electronic computers, and data analytics are examples of which of the following
forces in the environmental process? - CORRECT ANSWER technological
Which of the following types of securities represents ownership in a firm without priority for dividends
or priority in a bankruptcy? - CORRECT ANSWER Common stock
A fashion retailer collects a large volume of data on consumer purchasing patterns. It uses special
algorithms to discover if any unanticipated buying relationships exist. This process is known as... -
CORRECT ANSWER data mining
,The cost of which of the following is most likely to increase immediately as the number of units
produced increases? - CORRECT ANSWER direct materials used
If a company is earning positive economic profits, then which of the following statements is true? -
CORRECT ANSWER The company's average cost of production is lower than the price of its product
Which of the following is a tool used to protect a local area network from Internet-based security
breaches while providing access to legitimate outside users? - CORRECT ANSWER Firewall
A retailer operating at a 35% gross profit percentage expects sales of $340,000 in April and $150,000 in
May. Company policy requires ending each month with enough inventory to cover one quarter of the
next month's sales. To end April with enough inventory to produce one quarter of May sales, which of
the following is the budgeted purchases amount for April? - CORRECT ANSWER $212,875
At the long-run equilibrium, firms in an industry have their marginal cost of production equal to the
output's price. Which of the following is the industry's market structure? - CORRECT ANSWER perfect
competition
For a retail grocery chain, which of the following inventory costing methods best matches the cost of
goods sold with the revenue that the chain generates? - CORRECT ANSWER First in; first out (FIFO)
If the economy is at equilibrium and the federal government raises interest rates significantly, what will
be the short-term outcome? - CORRECT ANSWER Real GDP will decrease, and general price levels will
increase significantly
A company begins the year with a book value of equity of $100 million, During the year, the company's
after-tax net income is $10 million, and the company pays dividends of $5 million. Which of the
following is the company's book value of equity at the end of the year? - CORRECT ANSWER $105 million
Because of an unanticipated increase in demand, a company has to increase production beyond what
was budgeted. Within the relevant range, which of the following is true concerning the cost of
production? - CORRECT ANSWER variable cost per unit will remain the same
, The table reports the results of a survey of 200 randomly selected students in a business school. (Chart
provided) If a female is randomly selected from the group of all students, which of the following is the
probability, calculated to three decimal points, that she is a marketing major? - CORRECT ANSWER 0.412
Which of the following is a four-quarter simple moving average forecast for quarter 4 of 2014? -
CORRECT ANSWER 117.5
When a fair coin is flipped 20 times, home many times will it land on two heads? - CORRECT ANSWER
20!/(2!(20-2)!)
Let n represent sample size. Dividing the sum of the squared deviations around the sample mean, (n-1)
instead of by n product, which type of estimate of the variance of the variable x? - CORRECT ANSWER
unbiased
Which of the following are two tests for evaluating alleged anticompetitive behavior under the Sherman
Antitrust Act? - CORRECT ANSWER Per se violations and rule of reason
On May 20, Bill's Designs LLC sends Brenda's Boutique a written offer to sell 50 pairs of new summer
sandals to the boutique for $30.00 a pair. The offer states that it will be good for 30 days. Brenda
accepts the offer in writing on the 29th day. Which of the following will be the result if Bill's Designs
refuses to honor the offer and Brenda's Boutique challenges the action? - CORRECT ANSWER Brenda's
Boutique will win, as this was a firm offer under the Uniform Commercial Code (UCC).
Research indicates that group effectiveness is most threatened by which of the following? - CORRECT
ANSWER groupthink
Which of the following is a software engineering tool that is typically used to standardize the design of
the system? - CORRECT ANSWER Unified Modeling Language
Which of the following is not a key feature of Enterprise Resource Planning software? - CORRECT
ANSWER Natural language processing
Which of the following statements about group dynamics is true? - CORRECT ANSWER Heterogeneous
groups may take longer to build cohesiveness, but they function as well as homogeneous groups do.
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