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ETS MFT Exam Questions and Answers with Solutions
UPDATED!!!
1. Secondary data usually costs less - ANSWER In marketing
research, a firm might consider using secondary data over
primary data because...
1. Secondary data usually costs less
2. Secondary data are usually more accurate
3. Primary data are usually non specific
4. Primary data are likely to be outdated
1. Enforcement of internal policies - ANSWER In organizational
decision making, managers are able to exercise the greatest
degree of discretion in the...
1. Enforcement of internal policies
2. Settlement of legal disputes
3. Restructuring of outstanding loans
4. Compliance with federal regulations
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3. current assets less short term liabilities - ANSWER The term
"net working capital" refers to:
1. Inventories, receivables, and current notes and investments
2. Assets divided by liabilities
3. Current assets less short term liabilities
4. Net assets left over after subtracting cost of goods sold
(fixed costs + target profit) / (selling price per unit - variable cost
per unit) - ANSWER required sales in units formula
4. it requires proof of a breach of a statutory or common law
duty - ANSWER Which of the following statements about the
tort of negligence is true?
1. It cannot be used as a basis for liability for defensive products
2. It is a strict liability tort with no defenses
3. It requires proof of some intentional conduct
4. It requires proof of breach of a statutory or common law duty
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3. It documents the sequence of processing steps that take
place in an information system - ANSWER Which of the
following statements about a systems flowchart is true?
1. It is used in systems design to define and describe each piece
of data
2. It is a method of writing programs using only three basic
constructs: sequence, selection, and repetition
3. It documents the sequence of processing steps that take
place in an information system
4. It documents the logical design of an information system
2. $5080
- don't count outstanding checks
- don't count deposit that hasn't appeared - ANSWER On May
31, Company O's general ledger shows a cash balance of
$5,123. The May 31 bank statement shows a balance of $4,905.
Other information is available as follows:
A May 31 deposit of $300 does not appear on the bank
statement; but a $3 service charge does.
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A customer's $40 insufficient funds check has been returned
with the bank statement.
Outstanding checks of $10, $15, and $100 are identified on May
What is the correct cash balance on May 31?
1. $4,905
2. $5,080
3. $5,166
4. $5,204
2. Return on the market portfolio - ANSWER Within the context
of the capital asset pricing model (CAPM), the risk measure
known as beta is often computed by regressing the return of
the company's stock against the:
1. Return on the company's bonds
2. Return on the market portfolio
3. Change in the gross domestic product
4. Change in the consumer price index
ETS MFT Exam Questions and Answers with Solutions
UPDATED!!!
1. Secondary data usually costs less - ANSWER In marketing
research, a firm might consider using secondary data over
primary data because...
1. Secondary data usually costs less
2. Secondary data are usually more accurate
3. Primary data are usually non specific
4. Primary data are likely to be outdated
1. Enforcement of internal policies - ANSWER In organizational
decision making, managers are able to exercise the greatest
degree of discretion in the...
1. Enforcement of internal policies
2. Settlement of legal disputes
3. Restructuring of outstanding loans
4. Compliance with federal regulations
, Page |2
3. current assets less short term liabilities - ANSWER The term
"net working capital" refers to:
1. Inventories, receivables, and current notes and investments
2. Assets divided by liabilities
3. Current assets less short term liabilities
4. Net assets left over after subtracting cost of goods sold
(fixed costs + target profit) / (selling price per unit - variable cost
per unit) - ANSWER required sales in units formula
4. it requires proof of a breach of a statutory or common law
duty - ANSWER Which of the following statements about the
tort of negligence is true?
1. It cannot be used as a basis for liability for defensive products
2. It is a strict liability tort with no defenses
3. It requires proof of some intentional conduct
4. It requires proof of breach of a statutory or common law duty
, Page |3
3. It documents the sequence of processing steps that take
place in an information system - ANSWER Which of the
following statements about a systems flowchart is true?
1. It is used in systems design to define and describe each piece
of data
2. It is a method of writing programs using only three basic
constructs: sequence, selection, and repetition
3. It documents the sequence of processing steps that take
place in an information system
4. It documents the logical design of an information system
2. $5080
- don't count outstanding checks
- don't count deposit that hasn't appeared - ANSWER On May
31, Company O's general ledger shows a cash balance of
$5,123. The May 31 bank statement shows a balance of $4,905.
Other information is available as follows:
A May 31 deposit of $300 does not appear on the bank
statement; but a $3 service charge does.
, Page |4
A customer's $40 insufficient funds check has been returned
with the bank statement.
Outstanding checks of $10, $15, and $100 are identified on May
What is the correct cash balance on May 31?
1. $4,905
2. $5,080
3. $5,166
4. $5,204
2. Return on the market portfolio - ANSWER Within the context
of the capital asset pricing model (CAPM), the risk measure
known as beta is often computed by regressing the return of
the company's stock against the:
1. Return on the company's bonds
2. Return on the market portfolio
3. Change in the gross domestic product
4. Change in the consumer price index
