ETS Major Field Test (Practice Test):
Bachelor's Degree in Business
____ making plans generally is done through middle managers and generally has a one-year
time frame
a) Strategic planning
b) Tactical making plans
c) Operational making plans
d) Contingency planning - ANS-b) Tactical making plans
A enterprise had sales of $920,000 and stuck costs were $a hundred and sixty,000. What
became the earnings from operations if the contribution margin ratio turned into 30 percent?
A) $116,000
b) $276,000
c) $484,000
d) $644,000 - ANS-a) $116,000
A business enterprise is considering producing a product for a new marketplace. The fixed fees
required for production and handing over the product is $50,000. Labor and cloth costs are
expected to be approximately $25.00 consistent with product. If the product is sold for $35.00
each, the corporation's smash-even quantity might be:
a) 50,000 units
b) five,000 devices
c) 2,500 devices
d) 500 units - ANS-b) five,000 units
A company issued a $six hundred,000, 12 percentage, ninety-day note payable to collect an
office constructing. What is
the maturity price of the be aware?
A) $72,000
b) $six hundred,000
c) $618,000
d) $672,000 - ANS-c) $618,000
A organization's shopping for center encompasses:
,a) a representative from each department within an employer
b) simplest a gatekeeper and a client
c) all and sundry who's worried in any factor of the shopping for process
d) an distinct top-notch shopping for department - ANS-c) every person who is worried in any
element of the shopping for system
A department manager telephoned two managers in other departments to discuss a value
financial savings idea that would benefit their departments as well as her personal. Which of the
subsequent most as it should be defines the verbal exchange channel that the manager
become using?
A) Upward
b) Lateral
c) Downward
d) Hierarchical - ANS-b) Lateral
A differentiation strategy allows a commercial enterprise to deal with the five competitive forces
by means of
a) lessening aggressive rivalry with the aid of distinguishing itself
b) having emblem-dependable clients turn out to be more touchy to prices
c) growing economies of scale
d) serving a broader market section - ANS-a) lessening competitive competition by using
distinguishing itself
A organization that would like to realize whether or not it has sufficient coins to fulfill its bills
would be most likely to use which class of financial ratio?
A) Liquidity
b) Leverage
c) Efficiency
d) Profitability - ANS-a) Liquidity
A organization that develops naturally because of employees' interplay inside an enterprise is
referred to as
a) an informal organization
b) a formal group
,c) a piece-team institution
d) a formation organization - ANS-a) an informal organization
A felony group related to an impartial judiciary counting on case precedents is referred to as
a) not unusual law system
b) civil law system
c) theocratic regulation machine
d) None of the above - ANS-a) commonplace law system
A most important competitor of XYZ, Inc. All of sudden creates a new kind of product that makes
XYZ's products out of date. This is an example of which type of force inside the surroundings?
A) General environment
b) Task surroundings
c) Economic environment
d) Legal environment
e) Political surroundings - ANS-b) Task surroundings
A manager who chooses the incorrect goals for the employer and makes terrible use of the
employer's assets in pursuing these dreams is said to have:
a) Low effectiveness/low performance
b) Low effectiveness/excessive performance
c) High effectiveness/low efficiency
d) High effectiveness/high performance
e) None of the above - ANS-a) Low effectiveness/low efficiency
A producer estimates its manufacturing facility overhead fees to be $30,000 and machine hours
to be four,000 for the yr. If the real hours worked on production total 3,800 and the real factory
overhead expenses are $28,000, what's the quantity of the over- or underapplied factory
overhead?
A) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied - ANS-a) $500 overapplied
A nuclear strength plant makes use of electronic sensors connected to computers to constantly
screen strategies and make immediately (actual-time) changes that control the power
technology system. This is an example of a(n):
a) Transaction processing gadget
b) Decision help device
, c) Enterprise collaboration gadget
d) Process manipulate device - ANS-d) Process control device
A problem associated with fairness principle is that:
a) it makes a speciality of supplying incentives for the long run when maximum people are
specially involved with incentives that follow to their modern state of affairs
b) managers have a hard time making use of it to actual-world situations due to its summary
nature
c) employee motivation is based on perceptions of fairness, and the perceptions employees
have approximately their contributions aren't usually accurate
d) it's miles concerned with the character of the activity itself as opposed to with what motivates
the people who perform the task - ANS-c) employee motivation is based totally on perceptions
of equity, and the perceptions workers have approximately their contributions aren't constantly
correct
A project includes 150 jobs. The predicted finishing touch time for every task is given in days.
The mission has 3 critical paths with two jobs in commonplace, J and K. In order to complete the
task in the future early, the of completion time need to be reduced at some point for
a) every of the 150 jobs
b) every of the jobs at the three vital paths
c) either Job J or Job K
d) each Job J and Job K - ANS-c) both Job J or Job K
A task has a net gift fee of 0. Which one of the following nice describes this venture?
A) The assignment has a 0 percentage rate of return.
B) The project calls for no initial coins funding.
C) The venture has no coins flows.
D) The summation of all the assignment's coins flows is zero.
E) The venture's coins inflows identical its coins outflows in cutting-edge greenback terms -
ANS-e) The mission's coins inflows same its cash outflows in current dollar terms
A sample of assistant professors at the business school at kingdom supported establishments in
Ohio found out the mean earnings to be $32,000 for 9 months with a popular deviation of
Bachelor's Degree in Business
____ making plans generally is done through middle managers and generally has a one-year
time frame
a) Strategic planning
b) Tactical making plans
c) Operational making plans
d) Contingency planning - ANS-b) Tactical making plans
A enterprise had sales of $920,000 and stuck costs were $a hundred and sixty,000. What
became the earnings from operations if the contribution margin ratio turned into 30 percent?
A) $116,000
b) $276,000
c) $484,000
d) $644,000 - ANS-a) $116,000
A business enterprise is considering producing a product for a new marketplace. The fixed fees
required for production and handing over the product is $50,000. Labor and cloth costs are
expected to be approximately $25.00 consistent with product. If the product is sold for $35.00
each, the corporation's smash-even quantity might be:
a) 50,000 units
b) five,000 devices
c) 2,500 devices
d) 500 units - ANS-b) five,000 units
A company issued a $six hundred,000, 12 percentage, ninety-day note payable to collect an
office constructing. What is
the maturity price of the be aware?
A) $72,000
b) $six hundred,000
c) $618,000
d) $672,000 - ANS-c) $618,000
A organization's shopping for center encompasses:
,a) a representative from each department within an employer
b) simplest a gatekeeper and a client
c) all and sundry who's worried in any factor of the shopping for process
d) an distinct top-notch shopping for department - ANS-c) every person who is worried in any
element of the shopping for system
A department manager telephoned two managers in other departments to discuss a value
financial savings idea that would benefit their departments as well as her personal. Which of the
subsequent most as it should be defines the verbal exchange channel that the manager
become using?
A) Upward
b) Lateral
c) Downward
d) Hierarchical - ANS-b) Lateral
A differentiation strategy allows a commercial enterprise to deal with the five competitive forces
by means of
a) lessening aggressive rivalry with the aid of distinguishing itself
b) having emblem-dependable clients turn out to be more touchy to prices
c) growing economies of scale
d) serving a broader market section - ANS-a) lessening competitive competition by using
distinguishing itself
A organization that would like to realize whether or not it has sufficient coins to fulfill its bills
would be most likely to use which class of financial ratio?
A) Liquidity
b) Leverage
c) Efficiency
d) Profitability - ANS-a) Liquidity
A organization that develops naturally because of employees' interplay inside an enterprise is
referred to as
a) an informal organization
b) a formal group
,c) a piece-team institution
d) a formation organization - ANS-a) an informal organization
A felony group related to an impartial judiciary counting on case precedents is referred to as
a) not unusual law system
b) civil law system
c) theocratic regulation machine
d) None of the above - ANS-a) commonplace law system
A most important competitor of XYZ, Inc. All of sudden creates a new kind of product that makes
XYZ's products out of date. This is an example of which type of force inside the surroundings?
A) General environment
b) Task surroundings
c) Economic environment
d) Legal environment
e) Political surroundings - ANS-b) Task surroundings
A manager who chooses the incorrect goals for the employer and makes terrible use of the
employer's assets in pursuing these dreams is said to have:
a) Low effectiveness/low performance
b) Low effectiveness/excessive performance
c) High effectiveness/low efficiency
d) High effectiveness/high performance
e) None of the above - ANS-a) Low effectiveness/low efficiency
A producer estimates its manufacturing facility overhead fees to be $30,000 and machine hours
to be four,000 for the yr. If the real hours worked on production total 3,800 and the real factory
overhead expenses are $28,000, what's the quantity of the over- or underapplied factory
overhead?
A) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied - ANS-a) $500 overapplied
A nuclear strength plant makes use of electronic sensors connected to computers to constantly
screen strategies and make immediately (actual-time) changes that control the power
technology system. This is an example of a(n):
a) Transaction processing gadget
b) Decision help device
, c) Enterprise collaboration gadget
d) Process manipulate device - ANS-d) Process control device
A problem associated with fairness principle is that:
a) it makes a speciality of supplying incentives for the long run when maximum people are
specially involved with incentives that follow to their modern state of affairs
b) managers have a hard time making use of it to actual-world situations due to its summary
nature
c) employee motivation is based on perceptions of fairness, and the perceptions employees
have approximately their contributions aren't usually accurate
d) it's miles concerned with the character of the activity itself as opposed to with what motivates
the people who perform the task - ANS-c) employee motivation is based totally on perceptions
of equity, and the perceptions workers have approximately their contributions aren't constantly
correct
A project includes 150 jobs. The predicted finishing touch time for every task is given in days.
The mission has 3 critical paths with two jobs in commonplace, J and K. In order to complete the
task in the future early, the of completion time need to be reduced at some point for
a) every of the 150 jobs
b) every of the jobs at the three vital paths
c) either Job J or Job K
d) each Job J and Job K - ANS-c) both Job J or Job K
A task has a net gift fee of 0. Which one of the following nice describes this venture?
A) The assignment has a 0 percentage rate of return.
B) The project calls for no initial coins funding.
C) The venture has no coins flows.
D) The summation of all the assignment's coins flows is zero.
E) The venture's coins inflows identical its coins outflows in cutting-edge greenback terms -
ANS-e) The mission's coins inflows same its cash outflows in current dollar terms
A sample of assistant professors at the business school at kingdom supported establishments in
Ohio found out the mean earnings to be $32,000 for 9 months with a popular deviation of
