[STUDY GUIDE] • HIGH-YIELD PRACTICE & REVIEW EDITION
MBA ETS Major Field Test Exam
Questions & Answers Updated
Verified 2026/2027 Edition
Comprehensive Examination Question Bank • Concept Mapping
TOTAL QUESTIONS EXAM TOPICS RATIONALES
100 Questions 12 Modules 100% Verified
DOCUMENT OVERVIEW
This document contains 100 verified questions with correct answers covering various aspects of business
administration. Each item provides a question paired with the correct answer, making it suitable for studying,
review, and preparation for certification exams in the field of business management.
EXAM BLUEPRINT & TOPIC DISTRIBUTION
Systematic breakdown of subject domains and exam coverage.
Topic Module Scope & Core Focus Questions Share (%)
Covers the various types of financial statements and their
Financial Statements purposes in reporting a company's financial position. 9 Qs 9.0%
Focuses on different cash flow methods and activities,
Cash Flow Management including operating, investing, and financing activities. 9 Qs 9.0%
Examines cost behaviors, types of costs, and methods for
Cost Accounting analyzing and controlling costs. 9 Qs 9.0%
Explores concepts related to profit, including gross profit,
Profit Measurement profit margins, and profit measurement techniques. 9 Qs 9.0%
Investment and Capital Addresses concepts related to capital budgeting, investment
Budgeting decisions, and financial goals. 8 Qs 8.0%
Analyzes key marketing concepts including market research,
Marketing Principles the marketing mix, and consumer behavior. 8 Qs 8.0%
Focuses on managing organizational employees and the
Human Resource Management associated leadership and negotiation skills. 8 Qs 8.0%
Confidential • Student Study Edition • Practice & Review Guide Page 1 of 21
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
Covers the concepts of market efficiency, including weak and
Market Efficiency strong form efficiency. 8 Qs 8.0%
Explores various decision-making frameworks including
Decision Making make-or-buy decisions and the theory of constraints. 8 Qs 8.0%
Examines the classification and management of current and
Assets and Liabilities non-current assets and liabilities. 8 Qs 8.0%
Discusses different leadership styles and their impact on
Leadership Theories organizations. 8 Qs 8.0%
Covers fundamental accounting principles including accrual
Accounting Principles and cash basis accounting. 8 Qs 8.0%
Total Exam Coverage 12 Integrated Topic Modules 100 Qs 100.0%
Confidential • Student Study Edition • Practice & Review Guide Page 2 of 21
, STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
TOPIC 1: FINANCIAL STATEMENTS
9 Questions • 9.0% of Exam • Covers the various types of financial statements and their purposes in reporting a company's financial
position.
QUESTION 1
Balance Sheet
Answer: A financial statement that reports a company's assets, liabilities, and shareholder equity at a
specific point in time; Assets = Liabilities + Shareholder's Equity.
QUESTION 2
Income Statement
Answer: AKA profit and loss statement; primarily focuses on the company's revenues and expenses during
a particular period;
Net Income = (Total Revenue + Gains) - (Total Expenses + Losses)
QUESTION 3
Statement of Retained Earnings
Answer: AKA Statement of Equity; outlines the changes in retained earnings for a company over a specified
period;
QUESTION 4
Retained Earnings
Answer: Profits held by a company in reserve in order to invest in future projects rather than distribute as
dividends to shareholders.
QUESTION 5
Cash flow
Answer: $$$ That goes in/out of a business.
Confidential • Student Study Edition • Practice & Review Guide Page 3 of 21
MBA ETS Major Field Test Exam
Questions & Answers Updated
Verified 2026/2027 Edition
Comprehensive Examination Question Bank • Concept Mapping
TOTAL QUESTIONS EXAM TOPICS RATIONALES
100 Questions 12 Modules 100% Verified
DOCUMENT OVERVIEW
This document contains 100 verified questions with correct answers covering various aspects of business
administration. Each item provides a question paired with the correct answer, making it suitable for studying,
review, and preparation for certification exams in the field of business management.
EXAM BLUEPRINT & TOPIC DISTRIBUTION
Systematic breakdown of subject domains and exam coverage.
Topic Module Scope & Core Focus Questions Share (%)
Covers the various types of financial statements and their
Financial Statements purposes in reporting a company's financial position. 9 Qs 9.0%
Focuses on different cash flow methods and activities,
Cash Flow Management including operating, investing, and financing activities. 9 Qs 9.0%
Examines cost behaviors, types of costs, and methods for
Cost Accounting analyzing and controlling costs. 9 Qs 9.0%
Explores concepts related to profit, including gross profit,
Profit Measurement profit margins, and profit measurement techniques. 9 Qs 9.0%
Investment and Capital Addresses concepts related to capital budgeting, investment
Budgeting decisions, and financial goals. 8 Qs 8.0%
Analyzes key marketing concepts including market research,
Marketing Principles the marketing mix, and consumer behavior. 8 Qs 8.0%
Focuses on managing organizational employees and the
Human Resource Management associated leadership and negotiation skills. 8 Qs 8.0%
Confidential • Student Study Edition • Practice & Review Guide Page 1 of 21
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
Covers the concepts of market efficiency, including weak and
Market Efficiency strong form efficiency. 8 Qs 8.0%
Explores various decision-making frameworks including
Decision Making make-or-buy decisions and the theory of constraints. 8 Qs 8.0%
Examines the classification and management of current and
Assets and Liabilities non-current assets and liabilities. 8 Qs 8.0%
Discusses different leadership styles and their impact on
Leadership Theories organizations. 8 Qs 8.0%
Covers fundamental accounting principles including accrual
Accounting Principles and cash basis accounting. 8 Qs 8.0%
Total Exam Coverage 12 Integrated Topic Modules 100 Qs 100.0%
Confidential • Student Study Edition • Practice & Review Guide Page 2 of 21
, STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
TOPIC 1: FINANCIAL STATEMENTS
9 Questions • 9.0% of Exam • Covers the various types of financial statements and their purposes in reporting a company's financial
position.
QUESTION 1
Balance Sheet
Answer: A financial statement that reports a company's assets, liabilities, and shareholder equity at a
specific point in time; Assets = Liabilities + Shareholder's Equity.
QUESTION 2
Income Statement
Answer: AKA profit and loss statement; primarily focuses on the company's revenues and expenses during
a particular period;
Net Income = (Total Revenue + Gains) - (Total Expenses + Losses)
QUESTION 3
Statement of Retained Earnings
Answer: AKA Statement of Equity; outlines the changes in retained earnings for a company over a specified
period;
QUESTION 4
Retained Earnings
Answer: Profits held by a company in reserve in order to invest in future projects rather than distribute as
dividends to shareholders.
QUESTION 5
Cash flow
Answer: $$$ That goes in/out of a business.
Confidential • Student Study Edition • Practice & Review Guide Page 3 of 21
