Major Field Test (Business) Sample Test Fully
Solved #9
In marketing research, a firm might consider using secondary data over primary data
because - correct answer secondary data usually cost less
In organizational decision making, managers are able to exercise the greatest degree of
discretion in the - correct answer enforcement of internal policies
The term "net working capital" refers to - correct answer current assets less short-term
liabilities
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow
requires two pounds of raw material and one hour of direct labor to manufacture.
Raw material costs $3 per pound and direct production labor is paid $4/hr. Fixed
supervisory costs are $2,000/month and Dreamland rents its factory on a five-year
lease for $4,000/month. All costs are considered costs of production.
How many pillows must Dreamland produce and sell each month to earn a monthly
gross profit of $1,000? - correct answer 700
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow
requires two pounds of raw material and one hour of direct labor to manufacture.
Raw material costs $3 per pound and direct production labor is paid $4/hr. Fixed
supervisory costs are $2,000/month and Dreamland rents its factory on a five-year
lease for $4,000/month. All costs are considered costs of production.
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? - correct answer
625
Which of the following statements about the tort of negligence is true? - correct answer
it requires proof of breach of a statutory or common-law duty
Which of the following statements about a systems flowchart is true? - correct answer it
documents the sequence of processing steps that take place in an information system
On May 31, Company O's general ledger shows a cash balance of $5,123. The May 31
bank statement shows a balance of $4,905. Other information is available as follows:
1. A May 31 deposit of $300 does not appear on the bank statement; but a $3 service
charge does
Solved #9
In marketing research, a firm might consider using secondary data over primary data
because - correct answer secondary data usually cost less
In organizational decision making, managers are able to exercise the greatest degree of
discretion in the - correct answer enforcement of internal policies
The term "net working capital" refers to - correct answer current assets less short-term
liabilities
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow
requires two pounds of raw material and one hour of direct labor to manufacture.
Raw material costs $3 per pound and direct production labor is paid $4/hr. Fixed
supervisory costs are $2,000/month and Dreamland rents its factory on a five-year
lease for $4,000/month. All costs are considered costs of production.
How many pillows must Dreamland produce and sell each month to earn a monthly
gross profit of $1,000? - correct answer 700
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow
requires two pounds of raw material and one hour of direct labor to manufacture.
Raw material costs $3 per pound and direct production labor is paid $4/hr. Fixed
supervisory costs are $2,000/month and Dreamland rents its factory on a five-year
lease for $4,000/month. All costs are considered costs of production.
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? - correct answer
625
Which of the following statements about the tort of negligence is true? - correct answer
it requires proof of breach of a statutory or common-law duty
Which of the following statements about a systems flowchart is true? - correct answer it
documents the sequence of processing steps that take place in an information system
On May 31, Company O's general ledger shows a cash balance of $5,123. The May 31
bank statement shows a balance of $4,905. Other information is available as follows:
1. A May 31 deposit of $300 does not appear on the bank statement; but a $3 service
charge does
