ETS MFT BUSINESS NEW EXAM 100% CORRECTLY ANSWERED (A+)
Which of the following is an appropriate Federal Reserve action to stimulate the United
States economy?
a) Sale of government bonds in the open market
b) Raising the discount rate
c) Lowering the reserve requirement
d) Tax cuts - ANSWER C
General Bikes is considering what marketing research options to utilize. The traditional
person-to-person methods have been working well; however, the new director of market
research is pushing 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 - ANSWER 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 known as a
a) committee
b) task force
c) group
d) team - ANSWER D
,A firm is thinking of manufacturing a product to sell in a new market. The fixed costs
needed to make and deliver the product are $50,000. Labor and material costs are
expected to be about $25.00 per product. If the product sells 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 - ANSWER 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 - ANSWER 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 - ANSWER C
The main difference between variable costing and absorption costing relates to
whether:
a) variable manufacturing costs are product costs
b) fixed manufacturing costs are product costs
c) fixed manufacturing costs and fixed selling and administrative costs are product
costs
d) none of these. - ANSWER B
,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 - ANSWER 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) an explicit enumeration of individual rights contained in the original text of the
Constitution.
d) a collection of individual rights established by the United States Supreme Court
briefly after the Constitution was ratified by the various states - ANSWER B
Fiedler suggests 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 - ANSWER 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) The South African rand and the Thai baht both 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.- ANSWER
D
Family branding refers to a group of
a) similar brands of products from different makers
b) various products from different manufacturers in the same industry
c) multiple products sold under one brand name
d) comparable products from small, family-owned companies - ANSWER C
The net present value of a project is zero. Which of the following best describes such a
project?
a) The project has a zero percent rate of return.
b) The project requires no initial cash investment.
c) There are no cash flows generated for the project.
d) All the cash inflows added to all of the cash outflows are equal to zero.
e) Cash inflows of the project offset its cash outflows in current dollar terms - ANSWER
E
In determining whether or not a company has sufficient cash to meet its bills, it will most
Which of the following is an appropriate Federal Reserve action to stimulate the United
States economy?
a) Sale of government bonds in the open market
b) Raising the discount rate
c) Lowering the reserve requirement
d) Tax cuts - ANSWER C
General Bikes is considering what marketing research options to utilize. The traditional
person-to-person methods have been working well; however, the new director of market
research is pushing 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 - ANSWER 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 known as a
a) committee
b) task force
c) group
d) team - ANSWER D
,A firm is thinking of manufacturing a product to sell in a new market. The fixed costs
needed to make and deliver the product are $50,000. Labor and material costs are
expected to be about $25.00 per product. If the product sells 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 - ANSWER 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 - ANSWER 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 - ANSWER C
The main difference between variable costing and absorption costing relates to
whether:
a) variable manufacturing costs are product costs
b) fixed manufacturing costs are product costs
c) fixed manufacturing costs and fixed selling and administrative costs are product
costs
d) none of these. - ANSWER B
,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 - ANSWER 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) an explicit enumeration of individual rights contained in the original text of the
Constitution.
d) a collection of individual rights established by the United States Supreme Court
briefly after the Constitution was ratified by the various states - ANSWER B
Fiedler suggests 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 - ANSWER 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) The South African rand and the Thai baht both 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.- ANSWER
D
Family branding refers to a group of
a) similar brands of products from different makers
b) various products from different manufacturers in the same industry
c) multiple products sold under one brand name
d) comparable products from small, family-owned companies - ANSWER C
The net present value of a project is zero. Which of the following best describes such a
project?
a) The project has a zero percent rate of return.
b) The project requires no initial cash investment.
c) There are no cash flows generated for the project.
d) All the cash inflows added to all of the cash outflows are equal to zero.
e) Cash inflows of the project offset its cash outflows in current dollar terms - ANSWER
E
In determining whether or not a company has sufficient cash to meet its bills, it will most
