MBA Field Exam questions with
correct answers already passed
acid test ratio - ANS ✔✔the ratio of current assets and current liabilities (also called quick ratio).
This ratio shows how well a company can cover it's short term obligations (liquidity)
activity based costing - ANS ✔✔accounting system that recognizes a business firm's relationship
between costs, activities and products, and through this designs indirect costs to products
actual cash value - ANS ✔✔the amount of money, less depreciation, that it would cost to
replace something damaged beyond repair with a comparable item
advanced planning and scheduling software - ANS ✔✔a type of system that tracks costs based
on activities that are responsible for driving costs in the product of manufactured goods
adverse selection - ANS ✔✔the theory that poor quality goods are more likely to sell than good
ones because some sellers want to get rid of products and the buyers are unable to judge
whether the quality or price are too low
affiliative leadership - ANS ✔✔leadership style focusing on renewing a sense of kinship and
building trust among various factions whose cooperation is desirable for promoting the goals of
the organization.
agile manufacturing - ANS ✔✔flexible manufacturing practices utilizing processes, tools and
training to meet the demands of customers by turning speed and agility into a key competitive
advantage
, alpha rating - ANS ✔✔the return a security or portfolio would be expected to earn if the market
rate of return were zero
anti-trust laws - ANS ✔✔laws that prevent monopolies in the united states
asymmetric information - ANS ✔✔information that differs between parties, results in situation
where customers suppliers and producers do not have the same information for which to base
decisions on.
attention management - ANS ✔✔management method of ensuring that employees are focused
on their work and on organizational goals since inattentiveness results in wasted time
attitude survey - ANS ✔✔a series of marketing questions that tap into people's feelings toward
a firm or product
back office - ANS ✔✔general management or administrative staff who do not have direct
dealings with the company's customers
beta - ANS ✔✔value of stock to the market as a whole
beta rating - ANS ✔✔the market or assume the beta is always one, utilities' are less than one,
beta greater than one is riskier
bond - ANS ✔✔someone who invests in this is lending money to the government for a specified
amount of time with understanding it will be paid back with fixed interest
bottom up approach - ANS ✔✔leadership approach that is consultatitive promoting employee
participation at all levels in the decision making and problem solving process.
correct answers already passed
acid test ratio - ANS ✔✔the ratio of current assets and current liabilities (also called quick ratio).
This ratio shows how well a company can cover it's short term obligations (liquidity)
activity based costing - ANS ✔✔accounting system that recognizes a business firm's relationship
between costs, activities and products, and through this designs indirect costs to products
actual cash value - ANS ✔✔the amount of money, less depreciation, that it would cost to
replace something damaged beyond repair with a comparable item
advanced planning and scheduling software - ANS ✔✔a type of system that tracks costs based
on activities that are responsible for driving costs in the product of manufactured goods
adverse selection - ANS ✔✔the theory that poor quality goods are more likely to sell than good
ones because some sellers want to get rid of products and the buyers are unable to judge
whether the quality or price are too low
affiliative leadership - ANS ✔✔leadership style focusing on renewing a sense of kinship and
building trust among various factions whose cooperation is desirable for promoting the goals of
the organization.
agile manufacturing - ANS ✔✔flexible manufacturing practices utilizing processes, tools and
training to meet the demands of customers by turning speed and agility into a key competitive
advantage
, alpha rating - ANS ✔✔the return a security or portfolio would be expected to earn if the market
rate of return were zero
anti-trust laws - ANS ✔✔laws that prevent monopolies in the united states
asymmetric information - ANS ✔✔information that differs between parties, results in situation
where customers suppliers and producers do not have the same information for which to base
decisions on.
attention management - ANS ✔✔management method of ensuring that employees are focused
on their work and on organizational goals since inattentiveness results in wasted time
attitude survey - ANS ✔✔a series of marketing questions that tap into people's feelings toward
a firm or product
back office - ANS ✔✔general management or administrative staff who do not have direct
dealings with the company's customers
beta - ANS ✔✔value of stock to the market as a whole
beta rating - ANS ✔✔the market or assume the beta is always one, utilities' are less than one,
beta greater than one is riskier
bond - ANS ✔✔someone who invests in this is lending money to the government for a specified
amount of time with understanding it will be paid back with fixed interest
bottom up approach - ANS ✔✔leadership approach that is consultatitive promoting employee
participation at all levels in the decision making and problem solving process.
