ETS Major Field Test (Practice Test):
Questions with Complete Solutions
(Latest 2025)
The common characteristic possessed by all assets is -
Correct Answers ✅Future economic benefit
Which Foreign Direct Investment (FDI) attempts to acquire
particular resources at a lower real cost than could be
obtained in the home country? - Correct Answers
✅Resource-seeking FDI
Under the Uniform Commercial Code (UCC) statute of frauds,
which of the following terms must be included in writing in
order to satisfy the writing requirement? - Correct Answers
✅The quantity of the goods
Which of the following is an appropriate Federal Reserve
action to stimulate the United States economy? - Correct
Answers ✅Reducing the reserve requirement
Which of the following is true with regard to an exculpatory
clause? - Correct Answers ✅All of the above are true
Managers at ABC, Inc. analyze the current situation of their
organization and then develop plans to help their
organization to accomplish its mission and achieve its goals.
This is known as: - Correct Answers ✅Strategy formulation
,ETS Major Field Test (Practice Test):
Questions with Complete Solutions
(Latest 2025)
A group that develops naturally as a result of employees'
interaction within an organization is referred to as - Correct
Answers ✅an informal group
When employees use email, word processors, electronic
scheduling / calendars, they are using which of the following?
- Correct Answers ✅Office automation systems
A standard procedure for numerically measuring a project's
progress, forecasting its completion date and cost and
providing measures of schedule and budget variation as
activities are completed is referred to as - Correct Answers
✅earned value analysis (EVA)
High product differentiation is generally accompanied -
Correct Answers ✅decreased emphasis on competition
based on price
The essence of common law is: - Correct Answers ✅the
concept of stare decisis
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
,ETS Major Field Test (Practice Test):
Questions with Complete Solutions
(Latest 2025)
simultaneous occurrence of these events affect the
equilibrium price and quantity in the world
petroleum market? - Correct Answers ✅Price will increase,
but quantity is indeterminate
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 -
Correct Answers ✅return on the market portfolio
If the spread between the spot and forward exchange rates of
two currencies equals the interest rate difference between
the two countries, this phenomenon is referred to as -
Correct Answers ✅interest-rate parity
Douglass Interiors is considering two mutually exclusive
projects and have determined that the crossover rate for
these projects is 11.7 percent. Project A has an internal rate
of return (IRR) of 15.3 percent and Project B has an IRR of
16.5 percent. Given this information, which one of the
following statements is correct? - Correct Answers ✅You
cannot determine which project should be accepted given the
information provided.
A small number of people with complementary skills who are
committed to a common purpose, a set of performance goals,
, ETS Major Field Test (Practice Test):
Questions with Complete Solutions
(Latest 2025)
and an approach for which they hold themselves mutually
accountable is referred to as a - Correct Answers ✅team
Manufacturing overhead includes: - Correct Answers ✅all
manufacturing costs except direct labor and direct materials
Sue and Neal are twins. Sue invests $5,000 at 7 percent when
she is 25 years old. Neal invests $5,000 at 7 percent when he
is 30 years old. Both investments compound interest
annually. Both Sue and Neal retire at age 60. Which one of
the following statements is correct assuming that neither Sue
nor Neal has withdrawn any money from their accounts? -
Correct Answers ✅Sue will have more money than Neal as
long as they retire at the same time
A sample of assistant professors on the business faculty at
state supported institutions in Ohio revealed the mean
income to be $32,000 for 9 months with a standard deviation
of $3,000. Using Chebyshev's Theorem, what proportion of
the faculty earns more than $26,000 but less than $38,000? -
Correct Answers ✅At least 75%
26,000 and 38,000 are two standard deviations away from
the mean. Using 1-(1/k^2) where k = 2, we get 0.75
Questions with Complete Solutions
(Latest 2025)
The common characteristic possessed by all assets is -
Correct Answers ✅Future economic benefit
Which Foreign Direct Investment (FDI) attempts to acquire
particular resources at a lower real cost than could be
obtained in the home country? - Correct Answers
✅Resource-seeking FDI
Under the Uniform Commercial Code (UCC) statute of frauds,
which of the following terms must be included in writing in
order to satisfy the writing requirement? - Correct Answers
✅The quantity of the goods
Which of the following is an appropriate Federal Reserve
action to stimulate the United States economy? - Correct
Answers ✅Reducing the reserve requirement
Which of the following is true with regard to an exculpatory
clause? - Correct Answers ✅All of the above are true
Managers at ABC, Inc. analyze the current situation of their
organization and then develop plans to help their
organization to accomplish its mission and achieve its goals.
This is known as: - Correct Answers ✅Strategy formulation
,ETS Major Field Test (Practice Test):
Questions with Complete Solutions
(Latest 2025)
A group that develops naturally as a result of employees'
interaction within an organization is referred to as - Correct
Answers ✅an informal group
When employees use email, word processors, electronic
scheduling / calendars, they are using which of the following?
- Correct Answers ✅Office automation systems
A standard procedure for numerically measuring a project's
progress, forecasting its completion date and cost and
providing measures of schedule and budget variation as
activities are completed is referred to as - Correct Answers
✅earned value analysis (EVA)
High product differentiation is generally accompanied -
Correct Answers ✅decreased emphasis on competition
based on price
The essence of common law is: - Correct Answers ✅the
concept of stare decisis
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
,ETS Major Field Test (Practice Test):
Questions with Complete Solutions
(Latest 2025)
simultaneous occurrence of these events affect the
equilibrium price and quantity in the world
petroleum market? - Correct Answers ✅Price will increase,
but quantity is indeterminate
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 -
Correct Answers ✅return on the market portfolio
If the spread between the spot and forward exchange rates of
two currencies equals the interest rate difference between
the two countries, this phenomenon is referred to as -
Correct Answers ✅interest-rate parity
Douglass Interiors is considering two mutually exclusive
projects and have determined that the crossover rate for
these projects is 11.7 percent. Project A has an internal rate
of return (IRR) of 15.3 percent and Project B has an IRR of
16.5 percent. Given this information, which one of the
following statements is correct? - Correct Answers ✅You
cannot determine which project should be accepted given the
information provided.
A small number of people with complementary skills who are
committed to a common purpose, a set of performance goals,
, ETS Major Field Test (Practice Test):
Questions with Complete Solutions
(Latest 2025)
and an approach for which they hold themselves mutually
accountable is referred to as a - Correct Answers ✅team
Manufacturing overhead includes: - Correct Answers ✅all
manufacturing costs except direct labor and direct materials
Sue and Neal are twins. Sue invests $5,000 at 7 percent when
she is 25 years old. Neal invests $5,000 at 7 percent when he
is 30 years old. Both investments compound interest
annually. Both Sue and Neal retire at age 60. Which one of
the following statements is correct assuming that neither Sue
nor Neal has withdrawn any money from their accounts? -
Correct Answers ✅Sue will have more money than Neal as
long as they retire at the same time
A sample of assistant professors on the business faculty at
state supported institutions in Ohio revealed the mean
income to be $32,000 for 9 months with a standard deviation
of $3,000. Using Chebyshev's Theorem, what proportion of
the faculty earns more than $26,000 but less than $38,000? -
Correct Answers ✅At least 75%
26,000 and 38,000 are two standard deviations away from
the mean. Using 1-(1/k^2) where k = 2, we get 0.75
