ETS MAJOR FIELD TEST (PRACTICE TEST):
BACHELOR'S DEGREE IN BUSINESS QUESTIONS
AND ANSWERS
1. Secondary data usually costs less
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 Primary data are likely to be outdated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
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
3. current assets less short term liabilities
,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)
required sales in units formula
4. it requires proof of a breach of a statutory or common law duty
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
3. It documents the sequence of processing steps that take place in an information
system
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
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.
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
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
3. either job j or job k
A project consists of 150 jobs. The expected completion time for each job is given in
days. The project has three critical paths with two jobs in common, J and K. in order to
finish the project one day early, the completion time should be reduced one day for:
1. Each of the 150 jobs
2. Each of the jobs on the three critical paths
3. Either job J or job K
4. Both job J and job K
2. price will increase but quantity is indeterminate
The Organization of the Petroleum Exporting Countries (OPEC) reduces production by
10 percent, and the growth rate of the world economy begins to escalate. How will the
simultaneous occurrence of these events affect the equilibrium price and quantity in the
world petroleum market?
1. Price will increase, but quantity will remain unchanged
2. Price will increase, but quantity is indeterminate
3. Quantity will increase but price is indeterminate
4. Both price and quantity will increase
Increase
BACHELOR'S DEGREE IN BUSINESS QUESTIONS
AND ANSWERS
1. Secondary data usually costs less
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
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
3. current assets less short term liabilities
,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)
required sales in units formula
4. it requires proof of a breach of a statutory or common law duty
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
3. It documents the sequence of processing steps that take place in an information
system
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
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.
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
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
3. either job j or job k
A project consists of 150 jobs. The expected completion time for each job is given in
days. The project has three critical paths with two jobs in common, J and K. in order to
finish the project one day early, the completion time should be reduced one day for:
1. Each of the 150 jobs
2. Each of the jobs on the three critical paths
3. Either job J or job K
4. Both job J and job K
2. price will increase but quantity is indeterminate
The Organization of the Petroleum Exporting Countries (OPEC) reduces production by
10 percent, and the growth rate of the world economy begins to escalate. How will the
simultaneous occurrence of these events affect the equilibrium price and quantity in the
world petroleum market?
1. Price will increase, but quantity will remain unchanged
2. Price will increase, but quantity is indeterminate
3. Quantity will increase but price is indeterminate
4. Both price and quantity will increase
Increase
