Ets business - Study guides, Class notes & Summaries

ETS BUSINESS MAJOR FIELD TEST REVIEW 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Scarcity and Choice - CORRECT ANSWER Human wants and needs are unlimited and resources to satisfy them are limited. Choices must be made between the possible alternatives 3 Questions every economy must answer - CORRECT ANSWER What to produce? How to produce it? For whom it is produced? 3 Questions What to produce? - CORRECT ANSWER Have to evaluate more than just needs. Involves the...

Accounting: What costs should be considered when making non-routine decisions? (3) : The price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? : Product Cost per Unit Accounting: What is a general explanation of what the contribution margin is? : The difference between variable costs subtracted from sales Accounting: In a continuous budget plan how many months are generally planned? : 12 months Accounting: Which of t...

Scarcity and Choice - CORRECT ANSWER Human wants and needs are unlimited and resources to satisfy them are limited. Choices must be made between the possible alternatives 3 Questions every economy must answer - CORRECT ANSWER What to produce? How to produce it? For whom it is produced? 3 Questions What to produce? - CORRECT ANSWER Have to evaluate more than just needs. Involves the wants and needs of individuals. 3 Questions How to produce it? - CORRECT ANSWER ...

ETS Business Exam Study Guide Exam With Complete Solutions 2024 Accounting: What costs should be considered when making non-routine decisions? (3) - answerThe price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? - answerProduct Cost per Unit Accounting: What is a general explanation of what the contribution margin is? - answerThe difference between variable costs subtracted from sales Accounting: In a continuous budg...

The decision process by which business buyers determine which products and services their organizations need to purchase and then find, evaluate, and choose among alternative suppliers and brands is known as ________. A) situational analysis B) business buying process C) business diversification D) business process automation E) lateral expansion Answer: B Skill: Concept Objective: LO 6.1: Define the business market and explain how business markets differ from consumer markets. Di...

ETS Business Exam Study Guide (Contains questions on Law, Management, Marketing, Accounting, Economics, Finance, MIS & Stats topics) Law: What is not true when it regards a seller's rights to reduce legal liability in the sale on non-consumer goods? The seller can disclaim all implied warranties by simply stating that there are no implied warranties. Law: The establishment clause holds that The government cannot pass laws that promote religion or show preference for one religion over another....

ETS Business Exam Study Guide Accounting: What costs should be considered when making non-routine decisions? (3) - ANSWER The price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? - ANSWER Product Cost per Unit Accounting: What is a general explanation of what the contribution margin is? - ANSWER The difference between variable costs subtracted from sales Accounting: In a continuous budget plan how many months are ...

ETS Business Exam Study Guide 2024 Questions With Correct Solutions.

ETS Business Major Exit Exam Questions And Answers With Complete Study Quiz