ETS Major Field Test (Prac ce Test): Bachelor's Degree in
Business With complete solu on NEW!! GUARANTEED
SUCCESS 2025/2026
The common characteris c possessed by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic benefit - Correct Answers d) Future economic benefit
Which Foreign Direct Investment (FDI) a%empts to acquire par cular resources at a lower real
cost than could be obtained in the home country?
a) Market-seeking FDI
b) Efficiency-seeking FDI
c) Resource-seeking FDI
d) Strategic asset-seeking FDI - Correct Answers c) Resource-seeking FDI
Under the Uniform Commercial Code (UCC) statute of frauds, which of the following terms
must be included in wri ng in order to sa sfy the wri ng requirement?
a) The price of the goods.
b) The quan ty of the goods.
c) The signatures and names of the buyer and the seller
d) The me and place for delivery - Correct Answers b) The quan ty of the goods
,Which of the following is an appropriate Federal Reserve ac on to s mulate the United States
economy?
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cu1ng taxes - Correct Answers c) Reducing the reserve requirement
Which of the following is true with regard to an exculpatory clause?
a) An exculpatory clause excuses one party from liability for his/her own tor ous conduct.
b) Where one party has a superior bargaining posi on that has enabled him/her to impose an
exculpatory clause upon the other, the courts are inclined to nullify the provision.
c) An exculpatory clause may be unenforceable for unconscionability.
d) All of the above are true - Correct Answers d) All of the above are true
Managers at ABC, Inc. analyze the current situa on of their organiza on and then develop
plans to help their organiza on to accomplish its mission and achieve its goals. This is known as:
a) Synergy planning
b) Strategy formula on
c) Func onal planning
d) SWOT analysis - Correct Answers b) Strategy formula on
, A group that develops naturally as a result of employees' interac on within an organiza on is
referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a forma on group - Correct Answers a) an informal group
When employees use email, word processors, electronic scheduling / calendars, they are using
which of the following?
a) Transac on processing systems
b) Process control systems
c) Office automa on systems
d) Decision support systems - Correct Answers c) Office automa on systems
A standard procedure for numerically measuring a project's progress, forecas ng its comple on
date and cost and providing measures of schedule and budget varia on as ac vi es are
completed is referred to as
a) program evalua on and review technique (PERT)
b) the cri cal path method (CPM)
c) a Gan% chart
d) earned value analysis (EVA) - Correct Answers d) earned value analysis (EVA)
High product differen a on is generally accompanied by
, a) higher market share
b) decreased emphasis on compe on based on price
c) higher profit margins and lower costs
d) significant economies of scale - Correct Answers b) decreased emphasis on compe on
based on price
The essence of common law is:
a) its prospec ve nature.
b) the concept of stare decisis
c) its flexibility
d) the plain meaning doctrine - Correct Answers b) the concept of stare decisis
The Organiza on of the Petroleum Expor ng Countries (OPEC) reduces produc on by
10 percent, and the growth rate of the world economy begins to escalate. How will the
simultaneous occurrence of these events affect the equilibrium price and quan ty in the world
petroleum market?
a) Price will increase, but quan ty will remain unchanged
b) Price will increase, but quan ty is indeterminate
c) Quan ty will increase, but price is indeterminate
d) Both price and quan ty will increase - Correct Answers b) Price will increase, but quan ty is
indeterminate
Within the context of the capital asset pricing model (CAPM), the risk measure known as beta is
oBen computed by regressing the return of the company's stock against the
Business With complete solu on NEW!! GUARANTEED
SUCCESS 2025/2026
The common characteris c possessed by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic benefit - Correct Answers d) Future economic benefit
Which Foreign Direct Investment (FDI) a%empts to acquire par cular resources at a lower real
cost than could be obtained in the home country?
a) Market-seeking FDI
b) Efficiency-seeking FDI
c) Resource-seeking FDI
d) Strategic asset-seeking FDI - Correct Answers c) Resource-seeking FDI
Under the Uniform Commercial Code (UCC) statute of frauds, which of the following terms
must be included in wri ng in order to sa sfy the wri ng requirement?
a) The price of the goods.
b) The quan ty of the goods.
c) The signatures and names of the buyer and the seller
d) The me and place for delivery - Correct Answers b) The quan ty of the goods
,Which of the following is an appropriate Federal Reserve ac on to s mulate the United States
economy?
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cu1ng taxes - Correct Answers c) Reducing the reserve requirement
Which of the following is true with regard to an exculpatory clause?
a) An exculpatory clause excuses one party from liability for his/her own tor ous conduct.
b) Where one party has a superior bargaining posi on that has enabled him/her to impose an
exculpatory clause upon the other, the courts are inclined to nullify the provision.
c) An exculpatory clause may be unenforceable for unconscionability.
d) All of the above are true - Correct Answers d) All of the above are true
Managers at ABC, Inc. analyze the current situa on of their organiza on and then develop
plans to help their organiza on to accomplish its mission and achieve its goals. This is known as:
a) Synergy planning
b) Strategy formula on
c) Func onal planning
d) SWOT analysis - Correct Answers b) Strategy formula on
, A group that develops naturally as a result of employees' interac on within an organiza on is
referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a forma on group - Correct Answers a) an informal group
When employees use email, word processors, electronic scheduling / calendars, they are using
which of the following?
a) Transac on processing systems
b) Process control systems
c) Office automa on systems
d) Decision support systems - Correct Answers c) Office automa on systems
A standard procedure for numerically measuring a project's progress, forecas ng its comple on
date and cost and providing measures of schedule and budget varia on as ac vi es are
completed is referred to as
a) program evalua on and review technique (PERT)
b) the cri cal path method (CPM)
c) a Gan% chart
d) earned value analysis (EVA) - Correct Answers d) earned value analysis (EVA)
High product differen a on is generally accompanied by
, a) higher market share
b) decreased emphasis on compe on based on price
c) higher profit margins and lower costs
d) significant economies of scale - Correct Answers b) decreased emphasis on compe on
based on price
The essence of common law is:
a) its prospec ve nature.
b) the concept of stare decisis
c) its flexibility
d) the plain meaning doctrine - Correct Answers b) the concept of stare decisis
The Organiza on of the Petroleum Expor ng Countries (OPEC) reduces produc on by
10 percent, and the growth rate of the world economy begins to escalate. How will the
simultaneous occurrence of these events affect the equilibrium price and quan ty in the world
petroleum market?
a) Price will increase, but quan ty will remain unchanged
b) Price will increase, but quan ty is indeterminate
c) Quan ty will increase, but price is indeterminate
d) Both price and quan ty will increase - Correct Answers b) Price will increase, but quan ty is
indeterminate
Within the context of the capital asset pricing model (CAPM), the risk measure known as beta is
oBen computed by regressing the return of the company's stock against the
