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ETS Major Field Test (Practice Test): Bachelor's Degree in Business Questions and Answers $12.49   Add to cart

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ETS Major Field Test (Practice Test): Bachelor's Degree in Business Questions and Answers

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EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024. Page 4/79 c) a work-team group d) a formation group - Answer-a) an informal group When employees use email, word processors, electronic scheduling / calendars, they are using which of the followi...

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EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.




ETS Major Field Test (Practice Test):
Bachelor's Degree in Business Questions
and Answers

The common characteristic possessed by all assets is




a) Long life


b) Great monetary value


c) Tangible nature


d) Future economic benefit - Answer✔✔-d) Future economic benefit


Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real

cost than could be obtained in the home country?




a) Market-seeking FDI


b) Efficiency-seeking FDI


c) Resource-seeking FDI


d) Strategic asset-seeking FDI - Answer✔✔-c) Resource-seeking FDI

Page 1/79

,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



Under the Uniform Commercial Code (UCC) statute of frauds, which of the following terms must

be included in writing in order to satisfy the writing requirement?




a) The price of the goods.


b) The quantity of the goods.


c) The signatures and names of the buyer and the seller


d) The time and place for delivery - Answer✔✔-b) The quantity of the goods


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 - Answer✔✔-c) Reducing the reserve requirement


Which of the following is true with regard to an exculpatory clause?




a) An exculpatory clause excuses one party from liability for his/her own tortious conduct.




Page 2/79

,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



b) Where one party has a superior bargaining position that has enabled him/her to impose an

exculpatory clause upon the other, the courts are inclined to nullify the provision.




c) An exculpatory clause may be unenforceable for unconscionability.




d) All of the above are true - Answer✔✔-d) All of the above are true


Managers at ABC, Inc. analyze the current situation of their organization and then develop plans

to help their organization to accomplish its mission and achieve its goals. This is known as:




a) Synergy planning


b) Strategy formulation


c) Functional planning


d) SWOT analysis - Answer✔✔-b) Strategy formulation


A group that develops naturally as a result of employees' interaction within an organization is

referred to as




a) an informal group


b) a formal group

Page 3/79

, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



c) a work-team group


d) a formation group - Answer✔✔-a) an informal group


When employees use email, word processors, electronic scheduling / calendars, they are using

which of the following?




a) Transaction processing systems


b) Process control systems


c) Office automation systems


d) Decision support systems - Answer✔✔-c) Office automation systems


A standard procedure for numerically measuring a project's progress, forecasting its completion

date and cost and providing measures of schedule and budget variation as activities are

completed is referred to as




a) program evaluation and review technique (PERT)


b) the critical path method (CPM)


c) a Gantt chart


d) earned value analysis (EVA) - Answer✔✔-d) earned value analysis (EVA)


High product differentiation is generally accompanied by

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