[STUDY GUIDE] • HIGH-YIELD PRACTICE & REVIEW EDITION
ETS Major Field Test in Business
Exam Questions & Answers Latest
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 related to business concepts, theories,
and practices. Each item is designed to aid in understanding various aspects of business administration,
making it suitable for exam preparation, course review, and professional development.
EXAM BLUEPRINT & TOPIC DISTRIBUTION
Systematic breakdown of subject domains and exam coverage.
Topic Module Scope & Core Focus Questions Share (%)
This topic covers the methodologies and concepts related to
Marketing Research collecting and analyzing market data. 9 Qs 9.0%
This topic focuses on the calculation of costs and setting
Cost Analysis and Pricing prices for products. 9 Qs 9.0%
This topic examines global business practices, trade theories,
International Business and economic cooperation. 9 Qs 9.0%
This topic includes concepts related to managing a company's
Financial Management finances, including valuation and cash flows. 9 Qs 9.0%
This topic explores strategic planning and competitive
Business Strategy positioning within the market. 8 Qs 8.0%
This topic delves into team dynamics, leadership, and
Organizational Behavior organizational structures. 8 Qs 8.0%
This topic addresses the laws and regulations affecting
Legal Environment of Business business operations. 8 Qs 8.0%
Confidential • Student Study Edition • Practice & Review Guide Page 1 of 29
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
This topic covers fundamental economic concepts and their
Economic Principles application to business. 8 Qs 8.0%
This topic focuses on managing projects, including planning,
Project Management execution, and control. 8 Qs 8.0%
This topic examines practices related to recruiting, training,
Human Resources Management and managing personnel. 8 Qs 8.0%
This topic discusses the management of the flow of goods
Supply Chain Management and services. 8 Qs 8.0%
Entrepreneurship and This topic focuses on the creation of new ventures and
Innovation innovative approaches to business. 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 29
, STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
TOPIC 1: MARKETING RESEARCH
9 Questions • 9.0% of Exam • This topic covers the methodologies and concepts related to collecting and analyzing market data.
QUESTION 1
In marketing research, a firm might consider using secondary data over primary data
because
a) secondary data usually cost less
b) secondary data are usually more accurate
c) primary data are usually non specific
d) primary data are likely to be outdated
Answer: A) secondary data usually cost less.
QUESTION 2
Priceless Treasures is an antique jewelry retailer. Priceless Treasures' owner, Sally
Thornton, wishes to replace the printed catalog with an online catalog.
Ms. Thornton decides to conduct a market research project to explore how Priceless
Treasures' target customers would respond to the online catalog approach.
Ms. Thornton plans to conduct an online survey of her customers. What is the most
significant problem with using this survey method rather than a traditional mail
approach?
(A) Respondents may not answer the survey truthfully.
(B) Customers who do not use the Internet will not be in the sample.
(C) Respondents will not be able to see the entire survey and thus may answer only part of it.
(D) Online surveys cannot prevent multiple or inappropriate responses to complex questions.
Answer: (B) Customers who do not use the Internet will not be in the sample.
QUESTION 3
Civilization.
Answer: The highest cultural grouping of people and the broadest level of cultural identity people have.
Confidential • Student Study Edition • Practice & Review Guide Page 3 of 29
ETS Major Field Test in Business
Exam Questions & Answers Latest
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 related to business concepts, theories,
and practices. Each item is designed to aid in understanding various aspects of business administration,
making it suitable for exam preparation, course review, and professional development.
EXAM BLUEPRINT & TOPIC DISTRIBUTION
Systematic breakdown of subject domains and exam coverage.
Topic Module Scope & Core Focus Questions Share (%)
This topic covers the methodologies and concepts related to
Marketing Research collecting and analyzing market data. 9 Qs 9.0%
This topic focuses on the calculation of costs and setting
Cost Analysis and Pricing prices for products. 9 Qs 9.0%
This topic examines global business practices, trade theories,
International Business and economic cooperation. 9 Qs 9.0%
This topic includes concepts related to managing a company's
Financial Management finances, including valuation and cash flows. 9 Qs 9.0%
This topic explores strategic planning and competitive
Business Strategy positioning within the market. 8 Qs 8.0%
This topic delves into team dynamics, leadership, and
Organizational Behavior organizational structures. 8 Qs 8.0%
This topic addresses the laws and regulations affecting
Legal Environment of Business business operations. 8 Qs 8.0%
Confidential • Student Study Edition • Practice & Review Guide Page 1 of 29
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
This topic covers fundamental economic concepts and their
Economic Principles application to business. 8 Qs 8.0%
This topic focuses on managing projects, including planning,
Project Management execution, and control. 8 Qs 8.0%
This topic examines practices related to recruiting, training,
Human Resources Management and managing personnel. 8 Qs 8.0%
This topic discusses the management of the flow of goods
Supply Chain Management and services. 8 Qs 8.0%
Entrepreneurship and This topic focuses on the creation of new ventures and
Innovation innovative approaches to business. 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 29
, STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
TOPIC 1: MARKETING RESEARCH
9 Questions • 9.0% of Exam • This topic covers the methodologies and concepts related to collecting and analyzing market data.
QUESTION 1
In marketing research, a firm might consider using secondary data over primary data
because
a) secondary data usually cost less
b) secondary data are usually more accurate
c) primary data are usually non specific
d) primary data are likely to be outdated
Answer: A) secondary data usually cost less.
QUESTION 2
Priceless Treasures is an antique jewelry retailer. Priceless Treasures' owner, Sally
Thornton, wishes to replace the printed catalog with an online catalog.
Ms. Thornton decides to conduct a market research project to explore how Priceless
Treasures' target customers would respond to the online catalog approach.
Ms. Thornton plans to conduct an online survey of her customers. What is the most
significant problem with using this survey method rather than a traditional mail
approach?
(A) Respondents may not answer the survey truthfully.
(B) Customers who do not use the Internet will not be in the sample.
(C) Respondents will not be able to see the entire survey and thus may answer only part of it.
(D) Online surveys cannot prevent multiple or inappropriate responses to complex questions.
Answer: (B) Customers who do not use the Internet will not be in the sample.
QUESTION 3
Civilization.
Answer: The highest cultural grouping of people and the broadest level of cultural identity people have.
Confidential • Student Study Edition • Practice & Review Guide Page 3 of 29
