Exam (elaborations)
ETS Major Field Test (Practice Test)_ Bachelor-s Degree in Business
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ETS Major Field Test (Practice Test)_ Bachelor-s Degree in Business
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1-155 of 155An information system that enables all business departments in the same firm to share
relevant information and data is called
a) an enterprise resource planning (ERP) system
b) a material requirements planning (MRP) system
c) a decision support system (DSS)
d) a point-of-sale (POS) system
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, a) an enterprise resource planning (ERP) system
Standard deviation measures which type of risk?
a) total
b) nondiversifiable
c) unsystematic
d) systematic
e) economic
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a) total
A small number of people with complementary skills who are committed to a
common purpose, a set of performance goals, and an approach for which they hold
themselves mutually accountable is referred to as a
a) committee
b) task force
c) group
d) team
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d) team
A project has a net present value of zero. Which one of the following best describes
this project?
,a) The project has a zero percent rate of return.
b) The project requires no initial cash investment.
c) The project has no cash flows.
d) The summation of all of the project's cash flows is zero.
e) The project's cash inflows equal its cash outflows in current dollar terms
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e) The project's cash inflows equal its cash outflows in current dollar terms
High product differentiation is generally accompanied by
a) higher market share
b) decreased emphasis on competition based on price
c) higher profit margins and lower costs
d) significant economies of scale
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b) decreased emphasis on competition based on price
Maxwell has been named to an upper-level management position at QVC. He will be
working with transportation media, order processing, and development of marketing
channels. Maxwell is involved in developing _____ strategies.
a) product
b) distribution
, c) promotional
d) marketing
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b) distribution
In monopolistic competition, there are:
a) Many firms selling identical products
b) Many firms selling similar, but not identical products
c) A few firms selling similar, but not identical products
d) A few firms selling unique products with no close substitutes
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b) Many firms selling similar, but not identical products
Under the common law, the ____ must be the mirror image of the ____
a) contract, consideration.
b) contract, offer
c) offer, acceptance
d) acceptance, offer
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