ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With
Complete Solutions
The common characteristic possessed by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic benefit - Correct Answers ✅d) 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?
a) Market-seeking FDI
b) Efficiency-seeking FDI
c) Resource-seeking FDI
d) Strategic asset-seeking FDI - Correct Answers ✅c)
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?
a) The price of the goods.
b) The quantity of the goods.
,ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With
Complete Solutions
c) The signatures and names of the buyer and the seller
d) The time and place for delivery - Correct Answers ✅b)
The quantity of the goods
Which of the following is an appropriate Federal Reserve
action to stimulate the United States economy?
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cutting taxes - Correct Answers ✅c) Reducing the
reserve requirement
Which of the following is true with regard to an exculpatory
clause?
a) An exculpatory clause excuses one party from liability for
his/her own tortious conduct.
b) Where one party has a superior bargaining position that
has enabled him/her to impose an exculpatory clause upon
the other, the courts are inclined to nullify the provision.
c) An exculpatory clause may be unenforceable for
unconscionability.
,ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With
Complete Solutions
d) All of the above are true - Correct Answers ✅d) 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:
a) Synergy planning
b) Strategy formulation
c) Functional planning
d) SWOT analysis - Correct Answers ✅b) Strategy
formulation
A group that develops naturally as a result of employees'
interaction within an organization is referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group - Correct Answers ✅a) an informal
group
, ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With
Complete Solutions
When employees use email, word processors, electronic
scheduling / calendars, they are using which of the following?
a) Transaction processing systems
b) Process control systems
c) Office automation systems
d) Decision support systems - Correct Answers ✅c) 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
a) program evaluation and review technique (PERT)
b) the critical path method (CPM)
c) a Gantt chart
d) earned value analysis (EVA) - Correct Answers ✅d)
earned value analysis (EVA)
High product differentiation is generally accompanied by
a) higher market share
b) decreased emphasis on competition based on price
Bachelor’s degree in business Questions With
Complete Solutions
The common characteristic possessed by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic benefit - Correct Answers ✅d) 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?
a) Market-seeking FDI
b) Efficiency-seeking FDI
c) Resource-seeking FDI
d) Strategic asset-seeking FDI - Correct Answers ✅c)
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?
a) The price of the goods.
b) The quantity of the goods.
,ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With
Complete Solutions
c) The signatures and names of the buyer and the seller
d) The time and place for delivery - Correct Answers ✅b)
The quantity of the goods
Which of the following is an appropriate Federal Reserve
action to stimulate the United States economy?
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cutting taxes - Correct Answers ✅c) Reducing the
reserve requirement
Which of the following is true with regard to an exculpatory
clause?
a) An exculpatory clause excuses one party from liability for
his/her own tortious conduct.
b) Where one party has a superior bargaining position that
has enabled him/her to impose an exculpatory clause upon
the other, the courts are inclined to nullify the provision.
c) An exculpatory clause may be unenforceable for
unconscionability.
,ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With
Complete Solutions
d) All of the above are true - Correct Answers ✅d) 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:
a) Synergy planning
b) Strategy formulation
c) Functional planning
d) SWOT analysis - Correct Answers ✅b) Strategy
formulation
A group that develops naturally as a result of employees'
interaction within an organization is referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group - Correct Answers ✅a) an informal
group
, ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With
Complete Solutions
When employees use email, word processors, electronic
scheduling / calendars, they are using which of the following?
a) Transaction processing systems
b) Process control systems
c) Office automation systems
d) Decision support systems - Correct Answers ✅c) 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
a) program evaluation and review technique (PERT)
b) the critical path method (CPM)
c) a Gantt chart
d) earned value analysis (EVA) - Correct Answers ✅d)
earned value analysis (EVA)
High product differentiation is generally accompanied by
a) higher market share
b) decreased emphasis on competition based on price
