9/11/25, 11:09 PM ETS Major Field Test (Practice Test): Bachelor's Degree in Business EXAM Questions & Answers | Latest Already Graded A+ UPD…
ETS Major Field Test (Practice Test): Bachelor's
Degree in Business EXAM Questions & Answers |
Latest Already Graded A+ UPDATE 2025|2026
Save
Terms in this set (157)
The common d) Future economic benefit
characteristic possessed
by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic
benefit
Which Foreign Direct c) Resource-seeking FDI
Investment (FDI) attempts
to acquire particular
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
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,9/11/25, 11:09 PM ETS Major Field Test (Practice Test): Bachelor's Degree in Business EXAM Questions & Answers | Latest Already Graded A+ UPD…
Under the Uniform b) The quantity of the goods
Commercial Code (UCC)
statute of frauds, which of
the following terms must
be included in writing in
order to satisfy the writing
requirement?
a) The price of the goods.
b) The quantity of the
goods.
c) The signatures and
names of the buyer and
the seller
d) The time and place for
delivery
Which of the following is c) Reducing the reserve requirement
an appropriate Federal
Reserve action to
stimulate the United States
economy?
a) Selling government
bonds on the open market
b) Increasing the discount
rate
c) Reducing the reserve
requirement
d) Cutting taxes
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,9/11/25, 11:09 PM ETS Major Field Test (Practice Test): Bachelor's Degree in Business EXAM Questions & Answers | Latest Already Graded A+ UPD…
Which of the following is d) All of the above are true
true with regard to an
exculpatory clause?
a) An exculpatory clause
excuses one party from
liability for his/her own
tortious conduct.
b) Where one party has a
superior bargaining
position 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
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, 9/11/25, 11:09 PM ETS Major Field Test (Practice Test): Bachelor's Degree in Business EXAM Questions & Answers | Latest Already Graded A+ UPD…
Managers at ABC, Inc. b) Strategy formulation
analyze the current
situation of their
organization and then
develop plans to help
their organization to
accomplish its mission and
achieve its goals. This is
known as:
a) Synergy planning
b) Strategy formulation
c) Functional planning
d) SWOT analysis
A group that develops a) an informal group
naturally as a result of
employees' interaction
within an organization is
referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group
https://quizlet.com/1075149574/ets-major-field-test-practice-test-bachelors-degree-in-business-exam-questions-answers-latest-already-graded-a-upd… 4/94
ETS Major Field Test (Practice Test): Bachelor's
Degree in Business EXAM Questions & Answers |
Latest Already Graded A+ UPDATE 2025|2026
Save
Terms in this set (157)
The common d) Future economic benefit
characteristic possessed
by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic
benefit
Which Foreign Direct c) Resource-seeking FDI
Investment (FDI) attempts
to acquire particular
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
https://quizlet.com/1075149574/ets-major-field-test-practice-test-bachelors-degree-in-business-exam-questions-answers-latest-already-graded-a-upd… 1/94
,9/11/25, 11:09 PM ETS Major Field Test (Practice Test): Bachelor's Degree in Business EXAM Questions & Answers | Latest Already Graded A+ UPD…
Under the Uniform b) The quantity of the goods
Commercial Code (UCC)
statute of frauds, which of
the following terms must
be included in writing in
order to satisfy the writing
requirement?
a) The price of the goods.
b) The quantity of the
goods.
c) The signatures and
names of the buyer and
the seller
d) The time and place for
delivery
Which of the following is c) Reducing the reserve requirement
an appropriate Federal
Reserve action to
stimulate the United States
economy?
a) Selling government
bonds on the open market
b) Increasing the discount
rate
c) Reducing the reserve
requirement
d) Cutting taxes
https://quizlet.com/1075149574/ets-major-field-test-practice-test-bachelors-degree-in-business-exam-questions-answers-latest-already-graded-a-upd… 2/94
,9/11/25, 11:09 PM ETS Major Field Test (Practice Test): Bachelor's Degree in Business EXAM Questions & Answers | Latest Already Graded A+ UPD…
Which of the following is d) All of the above are true
true with regard to an
exculpatory clause?
a) An exculpatory clause
excuses one party from
liability for his/her own
tortious conduct.
b) Where one party has a
superior bargaining
position 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
https://quizlet.com/1075149574/ets-major-field-test-practice-test-bachelors-degree-in-business-exam-questions-answers-latest-already-graded-a-upd… 3/94
, 9/11/25, 11:09 PM ETS Major Field Test (Practice Test): Bachelor's Degree in Business EXAM Questions & Answers | Latest Already Graded A+ UPD…
Managers at ABC, Inc. b) Strategy formulation
analyze the current
situation of their
organization and then
develop plans to help
their organization to
accomplish its mission and
achieve its goals. This is
known as:
a) Synergy planning
b) Strategy formulation
c) Functional planning
d) SWOT analysis
A group that develops a) an informal group
naturally as a result of
employees' interaction
within an organization is
referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group
https://quizlet.com/1075149574/ets-major-field-test-practice-test-bachelors-degree-in-business-exam-questions-answers-latest-already-graded-a-upd… 4/94
