ETS Major Field Test (Practice Test):
Bachelor's Degree in Business
____ making plans usually is executed by using middle managers and usually has a one-yr time
body
a) Strategic planning
b) Tactical making plans
c) Operational making plans
d) Contingency making plans - ANS-b) Tactical making plans
A business enterprise had sales of $920,000 and stuck costs were $160,000. What was the
earnings from operations if the contribution margin ratio was 30 percentage?
A) $116,000
b) $276,000
c) $484,000
d) $644,000 - ANS-a) $116,000
A business enterprise is thinking about generating a product for a new marketplace. The
constant charges required for production and turning in the product is $50,000. Labor and cloth
expenses are anticipated to be about $25.00 per product. If the product is offered for $35.00
each, the company's wreck-even extent might be:
a) 50,000 gadgets
b) five,000 gadgets
c) 2,500 gadgets
d) 500 gadgets - ANS-b) five,000 gadgets
A organization issued a $600,000, 12 percent, ninety-day observe payable to collect an
workplace constructing. What is
the adulthood fee of the observe?
A) $seventy two,000
b) $six hundred,000
c) $618,000
d) $672,000 - ANS-c) $618,000
A corporation's buying middle encompasses:
,a) a consultant from every branch within an corporation
b) only a gatekeeper and a buyer
c) every body who's concerned in any component of the shopping for system
d) an exceptional pinnacle-notch shopping for branch - ANS-c) all and sundry who is concerned
in any factor of the shopping for method
A department manager telephoned two managers in different departments to talk about a fee
savings idea that might advantage their departments in addition to her personal. Which of the
following maximum as it should be defines the communique channel that the manager turned
into using?
A) Upward
b) Lateral
c) Downward
d) Hierarchical - ANS-b) Lateral
A differentiation approach permits a commercial enterprise to deal with the 5 competitive forces
via
a) lessening competitive rivalry through distinguishing itself
b) having brand-loyal clients come to be greater sensitive to costs
c) growing economies of scale
d) serving a broader market phase - ANS-a) lessening aggressive rivalry via distinguishing itself
A corporation that would really like to realize whether it has enough coins to satisfy its payments
would be maximum in all likelihood to apply which class of monetary ratio?
A) Liquidity
b) Leverage
c) Efficiency
d) Profitability - ANS-a) Liquidity
A organization that develops clearly because of personnel' interaction inside an company is
referred to as
a) an casual institution
b) a proper institution
,c) a piece-group organization
d) a formation organization - ANS-a) an informal organization
A legal group related to an impartial judiciary counting on case precedents is known as
a) common law gadget
b) civil regulation gadget
c) theocratic law gadget
d) None of the above - ANS-a) not unusual regulation device
A most important competitor of XYZ, Inc. Suddenly creates a new type of product that makes
XYZ's merchandise obsolete. This is an example of which kind of pressure in the surroundings?
A) General environment
b) Task environment
c) Economic surroundings
d) Legal environment
e) Political surroundings - ANS-b) Task surroundings
A manager who chooses the incorrect dreams for the organisation and makes poor use of the
enterprise's resources in pursuing those desires is said to have:
a) Low effectiveness/low performance
b) Low effectiveness/high efficiency
c) High effectiveness/low performance
d) High effectiveness/high performance
e) None of the above - ANS-a) Low effectiveness/low efficiency
A manufacturer estimates its factory overhead charges to be $30,000 and gadget hours to be
4,000 for the year. If the actual hours worked on production overall 3,800 and the actual factory
overhead expenses are $28,000, what is the quantity of the over- or underapplied
manufacturing unit overhead?
A) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied - ANS-a) $500 overapplied
A nuclear energy plant makes use of digital sensors connected to computers to always screen
techniques and make instant (real-time) modifications that manipulate the energy technology
procedure. This is an instance of a(n):
a) Transaction processing system
b) Decision support system
, c) Enterprise collaboration gadget
d) Process control device - ANS-d) Process control gadget
A problem associated with equity theory is that:
a) it makes a speciality of imparting incentives for the long term while maximum people are
specially concerned with incentives that apply to their current scenario
b) managers have a hard time applying it to real-global conditions because of its summary
nature
c) worker motivation is based on perceptions of fairness, and the perceptions people have about
their contributions aren't continually correct
d) it's miles worried with the nature of the activity itself in place of with what motivates the
workers who perform the activity - ANS-c) worker motivation is based totally on perceptions of
fairness, and the perceptions workers have about their contributions aren't continually correct
A project includes one hundred fifty jobs. The expected crowning glory time for each activity is
given in days. The task has three important paths with jobs in commonplace, J and K. In order
to complete the challenge one day early, the finishing touch time ought to be decreased
someday for
a) each of the 150 jobs
b) every of the roles at the 3 essential paths
c) either Job J or Job K
d) each Job J and Job K - ANS-c) both Job J or Job K
A venture has a internet gift value of zero. Which one of the following fine describes this
venture?
A) The task has a 0 percentage rate of go back.
B) The task requires no initial cash funding.
C) The project has no cash flows.
D) The summation of all the project's coins flows is 0.
E) The undertaking's coins inflows identical its coins outflows in modern dollar phrases - ANS-e)
The task's cash inflows equal its cash outflows in modern dollar phrases
A pattern of assistant professors at the commercial enterprise faculty at state supported
establishments in Ohio found out the mean profits to be $32,000 for nine months with a popular
Bachelor's Degree in Business
____ making plans usually is executed by using middle managers and usually has a one-yr time
body
a) Strategic planning
b) Tactical making plans
c) Operational making plans
d) Contingency making plans - ANS-b) Tactical making plans
A business enterprise had sales of $920,000 and stuck costs were $160,000. What was the
earnings from operations if the contribution margin ratio was 30 percentage?
A) $116,000
b) $276,000
c) $484,000
d) $644,000 - ANS-a) $116,000
A business enterprise is thinking about generating a product for a new marketplace. The
constant charges required for production and turning in the product is $50,000. Labor and cloth
expenses are anticipated to be about $25.00 per product. If the product is offered for $35.00
each, the company's wreck-even extent might be:
a) 50,000 gadgets
b) five,000 gadgets
c) 2,500 gadgets
d) 500 gadgets - ANS-b) five,000 gadgets
A organization issued a $600,000, 12 percent, ninety-day observe payable to collect an
workplace constructing. What is
the adulthood fee of the observe?
A) $seventy two,000
b) $six hundred,000
c) $618,000
d) $672,000 - ANS-c) $618,000
A corporation's buying middle encompasses:
,a) a consultant from every branch within an corporation
b) only a gatekeeper and a buyer
c) every body who's concerned in any component of the shopping for system
d) an exceptional pinnacle-notch shopping for branch - ANS-c) all and sundry who is concerned
in any factor of the shopping for method
A department manager telephoned two managers in different departments to talk about a fee
savings idea that might advantage their departments in addition to her personal. Which of the
following maximum as it should be defines the communique channel that the manager turned
into using?
A) Upward
b) Lateral
c) Downward
d) Hierarchical - ANS-b) Lateral
A differentiation approach permits a commercial enterprise to deal with the 5 competitive forces
via
a) lessening competitive rivalry through distinguishing itself
b) having brand-loyal clients come to be greater sensitive to costs
c) growing economies of scale
d) serving a broader market phase - ANS-a) lessening aggressive rivalry via distinguishing itself
A corporation that would really like to realize whether it has enough coins to satisfy its payments
would be maximum in all likelihood to apply which class of monetary ratio?
A) Liquidity
b) Leverage
c) Efficiency
d) Profitability - ANS-a) Liquidity
A organization that develops clearly because of personnel' interaction inside an company is
referred to as
a) an casual institution
b) a proper institution
,c) a piece-group organization
d) a formation organization - ANS-a) an informal organization
A legal group related to an impartial judiciary counting on case precedents is known as
a) common law gadget
b) civil regulation gadget
c) theocratic law gadget
d) None of the above - ANS-a) not unusual regulation device
A most important competitor of XYZ, Inc. Suddenly creates a new type of product that makes
XYZ's merchandise obsolete. This is an example of which kind of pressure in the surroundings?
A) General environment
b) Task environment
c) Economic surroundings
d) Legal environment
e) Political surroundings - ANS-b) Task surroundings
A manager who chooses the incorrect dreams for the organisation and makes poor use of the
enterprise's resources in pursuing those desires is said to have:
a) Low effectiveness/low performance
b) Low effectiveness/high efficiency
c) High effectiveness/low performance
d) High effectiveness/high performance
e) None of the above - ANS-a) Low effectiveness/low efficiency
A manufacturer estimates its factory overhead charges to be $30,000 and gadget hours to be
4,000 for the year. If the actual hours worked on production overall 3,800 and the actual factory
overhead expenses are $28,000, what is the quantity of the over- or underapplied
manufacturing unit overhead?
A) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied - ANS-a) $500 overapplied
A nuclear energy plant makes use of digital sensors connected to computers to always screen
techniques and make instant (real-time) modifications that manipulate the energy technology
procedure. This is an instance of a(n):
a) Transaction processing system
b) Decision support system
, c) Enterprise collaboration gadget
d) Process control device - ANS-d) Process control gadget
A problem associated with equity theory is that:
a) it makes a speciality of imparting incentives for the long term while maximum people are
specially concerned with incentives that apply to their current scenario
b) managers have a hard time applying it to real-global conditions because of its summary
nature
c) worker motivation is based on perceptions of fairness, and the perceptions people have about
their contributions aren't continually correct
d) it's miles worried with the nature of the activity itself in place of with what motivates the
workers who perform the activity - ANS-c) worker motivation is based totally on perceptions of
fairness, and the perceptions workers have about their contributions aren't continually correct
A project includes one hundred fifty jobs. The expected crowning glory time for each activity is
given in days. The task has three important paths with jobs in commonplace, J and K. In order
to complete the challenge one day early, the finishing touch time ought to be decreased
someday for
a) each of the 150 jobs
b) every of the roles at the 3 essential paths
c) either Job J or Job K
d) each Job J and Job K - ANS-c) both Job J or Job K
A venture has a internet gift value of zero. Which one of the following fine describes this
venture?
A) The task has a 0 percentage rate of go back.
B) The task requires no initial cash funding.
C) The project has no cash flows.
D) The summation of all the project's coins flows is 0.
E) The undertaking's coins inflows identical its coins outflows in modern dollar phrases - ANS-e)
The task's cash inflows equal its cash outflows in modern dollar phrases
A pattern of assistant professors at the commercial enterprise faculty at state supported
establishments in Ohio found out the mean profits to be $32,000 for nine months with a popular
