ETS MAJOR FIELD TEST EXAM- LATEST 2026 UPDATED
QUESTIONS AND VERIFIED 100% SOLUTIONS (2026/2027) |A+
GRADED |GUARANTEED PASS
A manufacturer estimates its factory overhead costs to be $30,000 and machine hours to be
4,000 for the year. If the actual hours worked on production total 3,800 and the actual factory
overhead costs are $28,000, what is the amount of the over- or underapplied factory overhead?
a) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied - Answers -a) $500 overapplied
In the late 1970's and 1980's, the U.S. car manufactures sought to limit ________ import to the
U.S.?
a) Cuban
b) Asian
c) Japanese
d) Chinese - Answers -c) Japanese
Based on his scientific management theory, Frederick Taylor developed what pay principle?
a) Hourly pay
b) Incentive pay
1|Page
,c) Profit sharing
d) Monthly salary with bonus - Answers -b) Incentive pay
Sessler Manufacturers made two announcements concerning its common stock today. First, the
company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends
after that will decrease by 1.5 percent annually. What is the maximum amount you should pay
to purchase a share of this stock today if you require a 14 percent rate of return?
a) $11.29
b) $12.64
c) $13.27
d) $14.00
e) $14.21 - Answers -a) $11.29
In general, as the order size increases,
a) ordering costs decrease and carrying costs increase
b) ordering costs increase and carrying costs decrease
c) both ordering and carrying costs increase
d) both ordering and carrying costs decrease - Answers -a) ordering costs decrease and carrying
costs increase
2|Page
,Generally, as the number of servers in a waiting line system increases
a) service cost increases and waiting cost decreases
b) service cost decreases and waiting cost increases
c) both service cost and waiting cost increase
d) both service cost and waiting cost decrease - Answers -a) service cost increases and waiting
cost decreases
The document that provides a common understanding, justification, and expected result for a
project is referred to as
a) the statement of work (SOW)
b) the work breakdown structure (WBS)
c) the scope statement
d) the responsibility assignment matrix (RAM) - Answers -c) the scope statement
A company issued a $600,000, 12 percent, 90-day note payable to acquire an office building.
What is
the maturity value of the note?
a) $72,000
b) $600,000
c) $618,000
d) $672,000 - Answers -c) $618,000
3|Page
, The process of collecting information about the external marketing environment is called:
a) environmental management
b) marketing research
c) marketing management
d) environmental scanning - Answers -d) environmental scanning
A nuclear power plant uses electronic sensors linked to computers to continually monitor
processes and make instant (real-time) adjustments that control the power generation process.
This is an example of a(n):
a) Transaction processing system
b) Decision support system
c) Enterprise collaboration system
d) Process control system - Answers -d) Process control system
Which one of the following is NOT a major dimension of global IT cultural, political and geo-
economic challenges?
a) Global business and IT strategies
b) Global business and IT application portfolios
c) Global IT platforms
d) Global software management - Answers -d) Global software management
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QUESTIONS AND VERIFIED 100% SOLUTIONS (2026/2027) |A+
GRADED |GUARANTEED PASS
A manufacturer estimates its factory overhead costs to be $30,000 and machine hours to be
4,000 for the year. If the actual hours worked on production total 3,800 and the actual factory
overhead costs are $28,000, what is the amount of the over- or underapplied factory overhead?
a) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied - Answers -a) $500 overapplied
In the late 1970's and 1980's, the U.S. car manufactures sought to limit ________ import to the
U.S.?
a) Cuban
b) Asian
c) Japanese
d) Chinese - Answers -c) Japanese
Based on his scientific management theory, Frederick Taylor developed what pay principle?
a) Hourly pay
b) Incentive pay
1|Page
,c) Profit sharing
d) Monthly salary with bonus - Answers -b) Incentive pay
Sessler Manufacturers made two announcements concerning its common stock today. First, the
company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends
after that will decrease by 1.5 percent annually. What is the maximum amount you should pay
to purchase a share of this stock today if you require a 14 percent rate of return?
a) $11.29
b) $12.64
c) $13.27
d) $14.00
e) $14.21 - Answers -a) $11.29
In general, as the order size increases,
a) ordering costs decrease and carrying costs increase
b) ordering costs increase and carrying costs decrease
c) both ordering and carrying costs increase
d) both ordering and carrying costs decrease - Answers -a) ordering costs decrease and carrying
costs increase
2|Page
,Generally, as the number of servers in a waiting line system increases
a) service cost increases and waiting cost decreases
b) service cost decreases and waiting cost increases
c) both service cost and waiting cost increase
d) both service cost and waiting cost decrease - Answers -a) service cost increases and waiting
cost decreases
The document that provides a common understanding, justification, and expected result for a
project is referred to as
a) the statement of work (SOW)
b) the work breakdown structure (WBS)
c) the scope statement
d) the responsibility assignment matrix (RAM) - Answers -c) the scope statement
A company issued a $600,000, 12 percent, 90-day note payable to acquire an office building.
What is
the maturity value of the note?
a) $72,000
b) $600,000
c) $618,000
d) $672,000 - Answers -c) $618,000
3|Page
, The process of collecting information about the external marketing environment is called:
a) environmental management
b) marketing research
c) marketing management
d) environmental scanning - Answers -d) environmental scanning
A nuclear power plant uses electronic sensors linked to computers to continually monitor
processes and make instant (real-time) adjustments that control the power generation process.
This is an example of a(n):
a) Transaction processing system
b) Decision support system
c) Enterprise collaboration system
d) Process control system - Answers -d) Process control system
Which one of the following is NOT a major dimension of global IT cultural, political and geo-
economic challenges?
a) Global business and IT strategies
b) Global business and IT application portfolios
c) Global IT platforms
d) Global software management - Answers -d) Global software management
4|Page
