MBA EXIT EXAM FINAL SCRIPT 2026 FULL
RESPONSE SET
◉ expert systems. Answer: computer software involving stored
reasoning schemes and containing decision-making processes of
business experts in their specialized areas. software mimics the way
human experts make decision. system appraises and solves biz
problems requiring human intelligence and imagination that involve
known and unknown info. components incl: knowledge base,
inference engine, user interface, and knowledge acquisition facility
◉ exponential smoothing. Answer: forecasting technique that uses a
weighed moving average of past data as the basis for a forecast
◉ export import bank. Answer: a US govt agency that facilitates
international trade. primary activity: providing low-cost financing
for imports and exports
◉ exposure. Answer: netting a procedure used by multinational
firms to reduce costs of hedging transaction exposure. relies on
principle of netting inflows and outflows of currencies
◉ expropriation. Answer: involuntary seizure by a host gov't of
foreign-owned businesses and other assets without adequate
compensation
,◉ extensible business reporting language (XBRL). Answer: freely
available electronic language used for financial reporting. is an XML-
based framework that provides the financial community a
standards-based method to prepare, publish in a variety of formats,
reliably extract, and automatically exchange F/S of public co's and
the info they contain
◉ external funds need. Answer: internal generated funds - funding
needs
◉ factor ratings. Answer: procedure in which each alternative site is
rated according to each factor relevant to the decision, and each
factor is rating by its importance
◉ family brand. Answer: co with 2 or more products all bearing the
same brand identity
◉ federal debt. Answer: amount the govt owes to creditors
◉ federal deficit. Answer: excess of govt spending over taxes
collected for a year
◉ financial leverage. Answer: portion of a firm's assets financed with
debt instead of equity
,◉ fiscal policy. Answer: govt's use of taxes and expendies to achieve
desired economic goals
◉ fishbone diagrams. Answer: AKA cause and effect diagrams. way
of determining likely root causes of a problem
◉ fisher effect. Answer: economic relation between interest rates
and inflation rates. interest rates reflect expected inflation rates
◉ fixed exchange rate. Answer: exchange rate that doesn't vary.
govts fix exchange rates by buying and selling currencies in the
FOREX mkt
◉ fixed-position layout. Answer: layout in which the construction of
a large product is accomplished in one place
◉ flagship store. Answer: the main, downtown, central, or oldest
unit of a multiunit department store group
◉ flexible budget. Answer: budget based on cost-volume
relationships and developed for the actual level of activity. hella
useful tool for comparing the actual cost incurred to the cost
allowable for the activity level achieved
, ◉ flexible (floating) exchange rate. Answer: exchange rate that is set
by free-market forces without government intervention
◉ flexible manufacturing system (FMS). Answer: computer-
controlled process technology suitable for producing a moderate
variety of products in moderate, flexible volumes
◉ flow process chart. Answer: description of the sequence of
operations in a production process. Generally are: operation,
inspection, movement, storage, and delay
◉ foreign bond. Answer: bond issued by a foreign co in the domestic
bond market. unlike eurobonds: when sold in US are denominated in
dollars
◉ foreign exchange rate. Answer: price of one nation's currency in
terms of another nation's currency
◉ forfaiting. Answer: method of financing the purchase of capital
goods by east bloc countries. forfaiter coordinates the activities of
exporters, importers, and financial institutions
◉ forward premium. Answer: Percentage by which the forward rate
exceeds the spot rate
RESPONSE SET
◉ expert systems. Answer: computer software involving stored
reasoning schemes and containing decision-making processes of
business experts in their specialized areas. software mimics the way
human experts make decision. system appraises and solves biz
problems requiring human intelligence and imagination that involve
known and unknown info. components incl: knowledge base,
inference engine, user interface, and knowledge acquisition facility
◉ exponential smoothing. Answer: forecasting technique that uses a
weighed moving average of past data as the basis for a forecast
◉ export import bank. Answer: a US govt agency that facilitates
international trade. primary activity: providing low-cost financing
for imports and exports
◉ exposure. Answer: netting a procedure used by multinational
firms to reduce costs of hedging transaction exposure. relies on
principle of netting inflows and outflows of currencies
◉ expropriation. Answer: involuntary seizure by a host gov't of
foreign-owned businesses and other assets without adequate
compensation
,◉ extensible business reporting language (XBRL). Answer: freely
available electronic language used for financial reporting. is an XML-
based framework that provides the financial community a
standards-based method to prepare, publish in a variety of formats,
reliably extract, and automatically exchange F/S of public co's and
the info they contain
◉ external funds need. Answer: internal generated funds - funding
needs
◉ factor ratings. Answer: procedure in which each alternative site is
rated according to each factor relevant to the decision, and each
factor is rating by its importance
◉ family brand. Answer: co with 2 or more products all bearing the
same brand identity
◉ federal debt. Answer: amount the govt owes to creditors
◉ federal deficit. Answer: excess of govt spending over taxes
collected for a year
◉ financial leverage. Answer: portion of a firm's assets financed with
debt instead of equity
,◉ fiscal policy. Answer: govt's use of taxes and expendies to achieve
desired economic goals
◉ fishbone diagrams. Answer: AKA cause and effect diagrams. way
of determining likely root causes of a problem
◉ fisher effect. Answer: economic relation between interest rates
and inflation rates. interest rates reflect expected inflation rates
◉ fixed exchange rate. Answer: exchange rate that doesn't vary.
govts fix exchange rates by buying and selling currencies in the
FOREX mkt
◉ fixed-position layout. Answer: layout in which the construction of
a large product is accomplished in one place
◉ flagship store. Answer: the main, downtown, central, or oldest
unit of a multiunit department store group
◉ flexible budget. Answer: budget based on cost-volume
relationships and developed for the actual level of activity. hella
useful tool for comparing the actual cost incurred to the cost
allowable for the activity level achieved
, ◉ flexible (floating) exchange rate. Answer: exchange rate that is set
by free-market forces without government intervention
◉ flexible manufacturing system (FMS). Answer: computer-
controlled process technology suitable for producing a moderate
variety of products in moderate, flexible volumes
◉ flow process chart. Answer: description of the sequence of
operations in a production process. Generally are: operation,
inspection, movement, storage, and delay
◉ foreign bond. Answer: bond issued by a foreign co in the domestic
bond market. unlike eurobonds: when sold in US are denominated in
dollars
◉ foreign exchange rate. Answer: price of one nation's currency in
terms of another nation's currency
◉ forfaiting. Answer: method of financing the purchase of capital
goods by east bloc countries. forfaiter coordinates the activities of
exporters, importers, and financial institutions
◉ forward premium. Answer: Percentage by which the forward rate
exceeds the spot rate
