ETS MAJOR FIELD TEST IN
BUSINESS
A branch supervisor telephoned managers in other departments to speak about a cost financial
savings idea that could gain their departments as well as her own. Which of the following most
as it should be defines the verbal exchange channel that the supervisor become the use of?
(A) Upward
(B) Lateral
(C) Downward
(D) Hierarchical - ANS-(B) Lateral
A firm that would love to recognise whether it has enough cash to fulfill its payments would be
maximum probably to use which class of financial ratio?
(A) Liquidity
(B) Leverage
(C) Efficiency
(D) Profitability - ANS-(A) Liquidity
A man or woman (along with proprietor) delegating authority. - ANS-Conflicts among principals
and retailers.
A venture includes 150 jobs. The expected finishing touch time for every task is given in days.
The project has 3 critical paths with two jobs in commonplace, J and K. In order to complete the
assignment someday early, the crowning glory time need to be reduced one day for
(A) each of the a hundred and fifty jobs
(B) every of the jobs at the three vital paths
(C) both Job J or Job K
(D) each Job J and Job K - ANS-(C) both Job J or Job K
A small variety of human beings with complementary capabilities who are dedicated to a
common purpose, a set of performance goals, and an technique for which they keep
themselves mutually accountable is referred to as a
(A) committee
(B) venture pressure
(C) institution
,(D) crew - ANS-(D) group
Absolute gain. - ANS-The economic advantage one country enjoys that is sincerely superior to
different countries.
Absorptive potential - ANS-The potential to understand the fee of new statistics, assimilate it,
and follow it.
Accommodative approach. - ANS-A method characterised by way of some assist from pinnacle
managers, who might also increasingly view CSR as a worthwhile endeavor.
Acquisition top class. - ANS-The difference between the purchase fee and the marketplace
value of target firms.
Acquisition. - ANS-A transfer of the manipulate of operations and control from one corporation
(goal) to every other (acquirer), the previous be coming a unit of the latter.
Adaptability. - ANS-The potential to alternate supply chain configurations in response to
longer-term changes within the environment and technology.
Administrative coverage. - ANS-Bureaucratic rules that make it more difficult to import foreign
items.
Agency fees. - ANS-The prices related to main-agent relationships.
Agency dating. - ANS-The courting among principals (such as shareholders) and retailers
(inclusive of professional managers).
Agency theory. - ANS-A theory that specializes in primary-agent relationships (or in brief,
organisation relationships).
Agent. - ANS-A man or woman (along with supervisor) to whom authority is delegated.
Agglomeration. - ANS-Clustering of financial sports in positive places.
Agility. - ANS-The capability to react quickly to sudden shifts in supply and demand.
Alignment. - ANS-Alignment of pastimes of diverse players.
All of the following are proper concerning a seller's rights to lessen criminal legal responsibility in
the sale of nonconsumer items EXCEPT:
(A) The vendor can disclaim consequential damages if it is finished certainly and conspicuously.
,(B) The seller can restriction the remedy to be had to the consumer if he or she does so virtually
and fairly.
(C) The supplier can vicinity affordable situations on the assurance coverage and a shorter time
limit of assurance coverage.
(D) The dealer can disclaim all implied warranties via genuinely mentioning that there are not
any implied warranties. - ANS-(D) The vendor can disclaim all implied warranties by way of
actually declaring that there are not any implied warranties.
An records gadget that allows all commercial enterprise departments within the identical firm to
share relevant information and information is known as
(A) an employer useful resource planning (ERP) machine
(B) a fabric requirements making plans (MRP) device
(C) a choice aid system (DSS)
(D) a point-of-sale (POS) machine - ANS-(A) an agency aid making plans (ERP) system
Andean Community. - ANS-A customs union in South America that become released in 1969.
Antidumping responsibility. - ANS-Tariff s levied on imports that have been "dumped" (selling
beneath fees to "unfairly" drive domestic companies out of commercial enterprise).
Antidumping laws. - ANS-Laws that make it illegal for an exporter to promote goods underneath
cost overseas with the purpose to elevate fees after disposing of local rivals.
Antitrust laws. - ANS-Laws that outlaw cartels (trusts).
Antitrust coverage. - ANS-Government coverage designed to fight monopolies and cartels.
Appreciation. - ANS-An growth in the cost of the forex.
Asia-Pacific Economic Cooperation APEC). - ANS-The official title for local monetary integration
concerning 21 member economies across the Pacific.
Association of Southeast Asian Nations ASEAN). - ANS-The corporation underpinning nearby
monetary integration in Southeast Asia.
Attack. - ANS-An initial set of moves to gain aggressive advantage.
Australia-New Zealand Closer Economic Relations Trade Agreement ANZCERTA or CER). -
ANS-A unfastened exchange agreement between Australia and New Zealand that turned into
launched in 1983.
Balance of bills. - ANS-A united states of america's international transaction announcement,
which includes merchandise alternate, carrier alternate, and capital movement.
, Balance of exchange. - ANS-The aggregation of uploading and exporting that ends in the u . S .
A .-degree alternate surplus or deficit.
Balance sheet approach. - ANS-A repayment method that balances the fee of dwelling
variations relative to discern us of a levels and adds a monetary inducement to make the bundle
attractive.
Bandwagon effect. - ANS-The impact of traders shifting within the equal course at the same
time, like a herd.
Bargaining power. - ANS-Ability to extract favorable outcome from negotiations because of one
celebration's strengths.
Base of the pyramid. - ANS-Economies where people make much less than $2,000 in keeping
with capita in keeping with yr.
Based on his medical management idea, Frederick Taylor advanced what pay precept?
(A) Hourly pay
(B) Incentive pay
(C) Profit sharing
(D) Monthly revenue with bonus - ANS-(B) Incentive pay
Beijing Consensus. - ANS-A view that questions Washington Consensus' perception in the
superiority of private possession over state proprietor ship in financial policy making, that is
regularly associated with the location held by way of the Chinese authorities.
Benchmarking. - ANS-Examining whether or not a organization has sources and abilities to
according to form a specific activity in a manner superior to competitors.
Bid price. - ANS-The price to buy a foreign money.
Blue ocean strategy. - ANS-Strategy that specializes in growing new markets ("blue ocean") and
avoids attacking core markets defended with the aid of opponents, that is likely to result in a
bloody charge warfare or a "pink ocean."
Bond. - ANS-Loan issued through the firm and held via lenders.
Bondholder. - ANS-Buyer of bonds.
Born international. - ANS-Start-up businesses that try and do business abroad from inception.
BUSINESS
A branch supervisor telephoned managers in other departments to speak about a cost financial
savings idea that could gain their departments as well as her own. Which of the following most
as it should be defines the verbal exchange channel that the supervisor become the use of?
(A) Upward
(B) Lateral
(C) Downward
(D) Hierarchical - ANS-(B) Lateral
A firm that would love to recognise whether it has enough cash to fulfill its payments would be
maximum probably to use which class of financial ratio?
(A) Liquidity
(B) Leverage
(C) Efficiency
(D) Profitability - ANS-(A) Liquidity
A man or woman (along with proprietor) delegating authority. - ANS-Conflicts among principals
and retailers.
A venture includes 150 jobs. The expected finishing touch time for every task is given in days.
The project has 3 critical paths with two jobs in commonplace, J and K. In order to complete the
assignment someday early, the crowning glory time need to be reduced one day for
(A) each of the a hundred and fifty jobs
(B) every of the jobs at the three vital paths
(C) both Job J or Job K
(D) each Job J and Job K - ANS-(C) both Job J or Job K
A small variety of human beings with complementary capabilities who are dedicated to a
common purpose, a set of performance goals, and an technique for which they keep
themselves mutually accountable is referred to as a
(A) committee
(B) venture pressure
(C) institution
,(D) crew - ANS-(D) group
Absolute gain. - ANS-The economic advantage one country enjoys that is sincerely superior to
different countries.
Absorptive potential - ANS-The potential to understand the fee of new statistics, assimilate it,
and follow it.
Accommodative approach. - ANS-A method characterised by way of some assist from pinnacle
managers, who might also increasingly view CSR as a worthwhile endeavor.
Acquisition top class. - ANS-The difference between the purchase fee and the marketplace
value of target firms.
Acquisition. - ANS-A transfer of the manipulate of operations and control from one corporation
(goal) to every other (acquirer), the previous be coming a unit of the latter.
Adaptability. - ANS-The potential to alternate supply chain configurations in response to
longer-term changes within the environment and technology.
Administrative coverage. - ANS-Bureaucratic rules that make it more difficult to import foreign
items.
Agency fees. - ANS-The prices related to main-agent relationships.
Agency dating. - ANS-The courting among principals (such as shareholders) and retailers
(inclusive of professional managers).
Agency theory. - ANS-A theory that specializes in primary-agent relationships (or in brief,
organisation relationships).
Agent. - ANS-A man or woman (along with supervisor) to whom authority is delegated.
Agglomeration. - ANS-Clustering of financial sports in positive places.
Agility. - ANS-The capability to react quickly to sudden shifts in supply and demand.
Alignment. - ANS-Alignment of pastimes of diverse players.
All of the following are proper concerning a seller's rights to lessen criminal legal responsibility in
the sale of nonconsumer items EXCEPT:
(A) The vendor can disclaim consequential damages if it is finished certainly and conspicuously.
,(B) The seller can restriction the remedy to be had to the consumer if he or she does so virtually
and fairly.
(C) The supplier can vicinity affordable situations on the assurance coverage and a shorter time
limit of assurance coverage.
(D) The dealer can disclaim all implied warranties via genuinely mentioning that there are not
any implied warranties. - ANS-(D) The vendor can disclaim all implied warranties by way of
actually declaring that there are not any implied warranties.
An records gadget that allows all commercial enterprise departments within the identical firm to
share relevant information and information is known as
(A) an employer useful resource planning (ERP) machine
(B) a fabric requirements making plans (MRP) device
(C) a choice aid system (DSS)
(D) a point-of-sale (POS) machine - ANS-(A) an agency aid making plans (ERP) system
Andean Community. - ANS-A customs union in South America that become released in 1969.
Antidumping responsibility. - ANS-Tariff s levied on imports that have been "dumped" (selling
beneath fees to "unfairly" drive domestic companies out of commercial enterprise).
Antidumping laws. - ANS-Laws that make it illegal for an exporter to promote goods underneath
cost overseas with the purpose to elevate fees after disposing of local rivals.
Antitrust laws. - ANS-Laws that outlaw cartels (trusts).
Antitrust coverage. - ANS-Government coverage designed to fight monopolies and cartels.
Appreciation. - ANS-An growth in the cost of the forex.
Asia-Pacific Economic Cooperation APEC). - ANS-The official title for local monetary integration
concerning 21 member economies across the Pacific.
Association of Southeast Asian Nations ASEAN). - ANS-The corporation underpinning nearby
monetary integration in Southeast Asia.
Attack. - ANS-An initial set of moves to gain aggressive advantage.
Australia-New Zealand Closer Economic Relations Trade Agreement ANZCERTA or CER). -
ANS-A unfastened exchange agreement between Australia and New Zealand that turned into
launched in 1983.
Balance of bills. - ANS-A united states of america's international transaction announcement,
which includes merchandise alternate, carrier alternate, and capital movement.
, Balance of exchange. - ANS-The aggregation of uploading and exporting that ends in the u . S .
A .-degree alternate surplus or deficit.
Balance sheet approach. - ANS-A repayment method that balances the fee of dwelling
variations relative to discern us of a levels and adds a monetary inducement to make the bundle
attractive.
Bandwagon effect. - ANS-The impact of traders shifting within the equal course at the same
time, like a herd.
Bargaining power. - ANS-Ability to extract favorable outcome from negotiations because of one
celebration's strengths.
Base of the pyramid. - ANS-Economies where people make much less than $2,000 in keeping
with capita in keeping with yr.
Based on his medical management idea, Frederick Taylor advanced what pay precept?
(A) Hourly pay
(B) Incentive pay
(C) Profit sharing
(D) Monthly revenue with bonus - ANS-(B) Incentive pay
Beijing Consensus. - ANS-A view that questions Washington Consensus' perception in the
superiority of private possession over state proprietor ship in financial policy making, that is
regularly associated with the location held by way of the Chinese authorities.
Benchmarking. - ANS-Examining whether or not a organization has sources and abilities to
according to form a specific activity in a manner superior to competitors.
Bid price. - ANS-The price to buy a foreign money.
Blue ocean strategy. - ANS-Strategy that specializes in growing new markets ("blue ocean") and
avoids attacking core markets defended with the aid of opponents, that is likely to result in a
bloody charge warfare or a "pink ocean."
Bond. - ANS-Loan issued through the firm and held via lenders.
Bondholder. - ANS-Buyer of bonds.
Born international. - ANS-Start-up businesses that try and do business abroad from inception.
