ETS MAJOR FIELD TEST IN BUSINESS EXAM QUESTIONS AND ANSWERS
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Course
2024/2025
Institution
2024/2025
ETS MAJOR FIELD TEST IN
BUSINESS EXAM QUESTIONS AND
ANSWERS
In marketing research, a firm might consider using secondary data over primary data because
a) secondary data usually cost less
b) secondary data are usually more accurate
c) primary data are usually non specific
d) primary data are...
Another firm has offered to produce "Old Softy" pillows and sell them to Dreamland for $12
each. Dreamland cannot avoid the factory lease payments, but can avoid all labor costs if it does
not produce these pillows. Under these conditions, how many "Old Softy" pillows must
Dreamland sell to earn monthly gross profits of $1,000?
(A) 417
(B) 500
(C) 625
(D) 875 - Answer✔✔-(C) 625
Dreamland VC per unit = $12
FC = $4,000
CM per unit = $20-(VC) $12=$8
(GP) $1,000 = (units sold*$8)-$4,000
Units sold = ($1,000+$4,000)/$8 = 625 pillows
Which of the following statements about a systems flowchart is true?
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