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ETS MFT Business Exam Questions
with Detailed Verified Answers
Question: In marketing research, a firm might consider using secondary data
because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated
Ans: a. Secondary data costs less
Question: In organizational decision-making, managers are able to exercise
the greatest degree of discretion in the?
a. enforcement of internal policies
b. settlement of legal disputes
c. restructuring of outstanding loans
d. compliance with federal regulations
Ans: a. Enforcement of internal policies
Question: The term "net working capital" refer to:
a. inventories, receivables and current notes & investments
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b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold (COGS)
Ans: c. current assets less (-) short term liabilities
Question: Dreamland Pillows: Q4: How many pillows must dreamland
produce and sell each month to earn a gross profit of $1000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost
$6000)
a. 300
b. 350
c. 600
d. 700
Ans: 700
(20x)-(6x+4x+6000)=1000
Question: Dreamland Pillows. Q5: Another firm can produce pillows and sell
them to Dreamland for $12 each. They can avoid labor costs, how many
pillows must they sell to make a net profit of $1,000?
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(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost
$6000 (supervisory cost 2000, factory cost 4,000)
a. 417
b. 500
c. 625
d. 875
Ans: 625
20x-4000-12x=1000
(4000 is the factory cost, 12 is the new cost for "production")
Question: Which of the following statements about tort negligence is true?
a. it cannot be used as a basis for liability for defective products
b. it is strictly tort with no defenses
c. it requires proof of some intentional conduct
d. it requires proof of breach of statutory/common-law duty
Ans: d. It requires proof of breach of statutory/common-law duty
Question: Which of the following statements about a systems flowchart is
true?
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ETS MFT Business Exam Questions
with Detailed Verified Answers
Question: In marketing research, a firm might consider using secondary data
because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated
Ans: a. Secondary data costs less
Question: In organizational decision-making, managers are able to exercise
the greatest degree of discretion in the?
a. enforcement of internal policies
b. settlement of legal disputes
c. restructuring of outstanding loans
d. compliance with federal regulations
Ans: a. Enforcement of internal policies
Question: The term "net working capital" refer to:
a. inventories, receivables and current notes & investments
For academic expert services contact me at
, Page | 2
b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold (COGS)
Ans: c. current assets less (-) short term liabilities
Question: Dreamland Pillows: Q4: How many pillows must dreamland
produce and sell each month to earn a gross profit of $1000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost
$6000)
a. 300
b. 350
c. 600
d. 700
Ans: 700
(20x)-(6x+4x+6000)=1000
Question: Dreamland Pillows. Q5: Another firm can produce pillows and sell
them to Dreamland for $12 each. They can avoid labor costs, how many
pillows must they sell to make a net profit of $1,000?
For academic expert services contact me at
, Page | 3
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost
$6000 (supervisory cost 2000, factory cost 4,000)
a. 417
b. 500
c. 625
d. 875
Ans: 625
20x-4000-12x=1000
(4000 is the factory cost, 12 is the new cost for "production")
Question: Which of the following statements about tort negligence is true?
a. it cannot be used as a basis for liability for defective products
b. it is strictly tort with no defenses
c. it requires proof of some intentional conduct
d. it requires proof of breach of statutory/common-law duty
Ans: d. It requires proof of breach of statutory/common-law duty
Question: Which of the following statements about a systems flowchart is
true?
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