Exam (elaborations)
ETS MFT BUSINESS EXAM PREP (ANSWERED) 171 QUESTIONS AND CORRECT ANSWERS, UPDATED FALL 2024/2025.
- Course
- Institution
ETS MFT BUSINESS EXAM PREP (ANSWERED) 171 QUESTIONS AND CORRECT ANSWERS, UPDATED FALL 2024/2025.
[Show more]
Seller
Follow
LectDan
Reviews received
Content preview
ETS MFT BUSINESS EXAM PREP(ANSWERED) 171 QUESTIONS AND
CORRECT ANSWERS, UPDATED FALL
2024/2025.
The principal difference between variable costing and absorption costing centers on:
a) whether variable manufacturing costs should be included as product costs
b) whether fixed manufacturing costs should be included as product costs
c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as
product costs
d) none of these.
B
General Bikes is debating which marketing research options to employ. The traditional person-to-
person methods have been effective; however, the new director of market research is campaigning
for online-based research. What argument for this method might he/she use?
a) Consumers are more relaxed at home in front of their computers, therefore it is more likely the
responses will be truthful
b) Online research has been standardized for each industry, making it easier to understand them
c) A well-designed, Internet-based marketing research project can cost less and yield information
faster than offline research
d) Person-to-person methods most often incorporate researcher bias into the surveys and
observations
C
Which of the following is an appropriate Federal Reserve action to stimulate the United States
economy?
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cutting taxes
,C
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
D
A company is considering producing a product for a new market. The fixed costs required for
manufacturing and delivering the product is $50,000. Labor and material costs are estimated to be
approximately $25.00 per product. If the product is sold for $35.00 each, the firm's break-even
volume would be:
a) 50,000 units
b) 5,000 units
c) 2500 units
d) 500 units
B
A problem associated with equity theory is that:
a) it focuses on providing incentives for the long run when most workers are mainly concerned with
incentives that apply to their current situation
b) managers have a hard time applying it to real-world situations because of its abstract nature
c) worker motivation is based on perceptions of fairness, and the perceptions workers have about
their contributions are not always accurate
d) it is concerned with the nature of the job itself rather than with what motivates the workers who
perform the job
C
All of the financial statements are for a period of time except the
a) Income statement
b) Owner's equity statement
,c) Balance sheet
d) Statement of cash flows
C
By assembling computers only after customers have paid them for, resulting in a lower finished
goods inventory, Dell Computer Co. achieved:
a) Increased quality
b) A competitive advantage
c) Increased responsiveness
d) Increased innovation
e) None of the above
B
The Bill of Rights refers to:
a) the inalienable rights found at the beginning of the Constitution
b) the first ten amendments to the Constitution
c) a specific listing of individual rights found in the original text of the Constitution.
d) a grouping of individual rights set forth by the United States Supreme Court shortly after the
Constitution was ratified by the states
B
Fiedler proposes that all of the following determine whether a task- or relationship-oriented style is
more effective except:
a) Situational favorableness
b) Leader-member relations
c) Task structure
d) Position power
A
Which one of the following statements is correct given the following exchange rates?
US $ per 1 foreign unit
, Country FRI THU
South Africa 0.1028 0.1023
Thailand 0.0284 0.0286
a) On Thursday, one U.S. dollar was equal to 0.1023 South African rand.
b) On Friday, one Thai baht was equal to $35.21.
c) Both the South African rand and the Thai baht appreciated against the U.S. dollar from Thursday
to Friday.
d) The South African rand appreciated from Thursday to Friday against the U.S. dollar.
e) The U.S. dollar depreciated from Thursday to Friday against the Thai baht.
D
Family branding refers to a group of
a) similar brands of products from different makers
b) different brands of products from different makers within the same industry
c) different products marketed under a single brand name
d) similar products sold by small, family-owned firms
C
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
E
A firm that would like to know whether it has enough cash to meet its bills would be most likely to
use which category of financial ratio?
a) Liquidity
b) Leverage
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LectDan. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71498 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
Recently viewed by you
