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ETS MAJOR FIELD TEST MBA Questions and Answers with
Solutions UPDATED!!!
Which of the following organizations is most likely to use
project financing?
A. A small start-up
b. A financial services firm with an extensive client list
C. A large consumer goods company
D. A large public utility involved in infrastructure development -
ANSWER D. A large public utility involved in infrastructure
development
After an extensive recruitment process to select well-qualified
individuals, a large percent of a company's new hires resigned
within the first month of the job. Which of the following is the
most likely explanation for this situation?
A. The training process to prepare the new hires for their
assigned tasks was inadequate.
B. The health benefits provided by the company were not
competitive with those of the rest of the industry.
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C. The starting salary for the new hire was not competitive with
that of the rest of the industry.
D. The new hires lacked the basic skills required to learn the job.
- ANSWER A. The training process to prepare the new hires for
their assigned tasks was inadequate.
Prosco Ltd. employs a process cost system. Inspection of units
occurs at the 50 percent mark. Defective units are then
removed from the process, and their cost ($4.50) is absorbed by
the goods units. Prosco has recently been approached by a firm
wishing to buy the defective units for a special use. The firm
would require Prosco to modify the defective units at a cost unit
of $2.00. If presco sells the defective units to the firm for $5.00
each, how would Prosco's reported income be affected?
A. It would decrease by $4.50 per unit sold.
B. It would decrease by $ 1.50 per unit sold
C. It would decrease by $3.00 per unit sold
D. It would decrease by $5.00 per unit sold - ANSWER C. It
would decrease by $3.00 per unit sold
ETS MAJOR FIELD TEST MBA Questions and Answers with
Solutions UPDATED!!!
Which of the following organizations is most likely to use
project financing?
A. A small start-up
b. A financial services firm with an extensive client list
C. A large consumer goods company
D. A large public utility involved in infrastructure development -
ANSWER D. A large public utility involved in infrastructure
development
After an extensive recruitment process to select well-qualified
individuals, a large percent of a company's new hires resigned
within the first month of the job. Which of the following is the
most likely explanation for this situation?
A. The training process to prepare the new hires for their
assigned tasks was inadequate.
B. The health benefits provided by the company were not
competitive with those of the rest of the industry.
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C. The starting salary for the new hire was not competitive with
that of the rest of the industry.
D. The new hires lacked the basic skills required to learn the job.
- ANSWER A. The training process to prepare the new hires for
their assigned tasks was inadequate.
Prosco Ltd. employs a process cost system. Inspection of units
occurs at the 50 percent mark. Defective units are then
removed from the process, and their cost ($4.50) is absorbed by
the goods units. Prosco has recently been approached by a firm
wishing to buy the defective units for a special use. The firm
would require Prosco to modify the defective units at a cost unit
of $2.00. If presco sells the defective units to the firm for $5.00
each, how would Prosco's reported income be affected?
A. It would decrease by $4.50 per unit sold.
B. It would decrease by $ 1.50 per unit sold
C. It would decrease by $3.00 per unit sold
D. It would decrease by $5.00 per unit sold - ANSWER C. It
would decrease by $3.00 per unit sold
