ETS MFT BUSINESS NEWEST 2024-2025 COMPLETE 170 QUESTIONS A
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
1. The principal difference between variable costing and B
absorption costing centers on:
a) whether variable manufacturing costs should be
included as product costs
b) whether fixed manufacturing costs should be in-
cluded as product costs
c) whether fixed manufacturing costs and fixed sell-
ing and administrative costs should be included as
product costs
d) none of these.
2. General Bikes is debating which marketing research C
options to employ. The traditional person-to-person
methods have been effective; however, the new di-
rector of market research is campaigning for on-
line-based research. What argument for this method
might he/she use?
a) Consumers are more relaxed at home in front of
their computers, therefore it is more likely the re-
sponses will be truthful
b) Online research has been standardized for each
industry, making it easier to understand them
c) A well-designed, Internet-based marketing re-
search project can cost less and yield information
faster than offline research
d) Person-to-person methods most often incorporate
researcher bias into the surveys and observations
3. Which of the following is an appropriate Federal Re- C
serve action to stimulate the United States economy?
, ETS MFT BUSINESS NEWEST 2024-2025 COMPLETE 170 QUESTIONS A
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cutting taxes
4. A small number of people with complementary skills D
who are committed to a common purpose, a set of
performance goals, and an approach for which they
hold themselves mutually accountable is referred to
as a
a) committee
b) task force
c) group
d) team
5. A company is considering producing a product for B
a new market. The fixed costs required for manufac-
turing and delivering the product is $50,000. Labor
and material costs are estimated to be approximately
$25.00 per product. If the product is sold for $35.00
each, the firm's break-even volume would be:
a) 50,000 units
b) 5,000 units
c) 2500 units
d) 500 units
6. A problem associated with equity theory is that: C
, ETS MFT BUSINESS NEWEST 2024-2025 COMPLETE 170 QUESTIONS A
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
a) it focuses on providing incentives for the long
run when most workers are mainly concerned with
incentives that apply to their current situation
b) managers have a hard time applying it to real-world
situations because of its abstract nature
c) worker motivation is based on perceptions of fair-
ness, and the perceptions workers have about their
contributions are not always accurate
d) it is concerned with the nature of the job itself
rather than with what motivates the workers who per-
form the job
7. All of the financial statements are for a period of time C
except the
a) Income statement
b) Owner's equity statement
c) Balance sheet
d) Statement of cash flows
8. By assembling computers only after customers have B
paid them for, resulting in a lower finished goods
inventory, Dell Computer Co. achieved:
a) Increased quality
b) A competitive advantage
c) Increased responsiveness
d) Increased innovation
e) None of the above
, ETS MFT BUSINESS NEWEST 2024-2025 COMPLETE 170 QUESTIONS A
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
9. The Bill of Rights refers to: B
a) the inalienable rights found at the beginning of the
Constitution
b) the first ten amendments to the Constitution
c) a specific listing of individual rights found in the
original text of the Constitution.
d) a grouping of individual rights set forth by the
United States Supreme Court shortly after the Con-
stitution was ratified by the states
10. Fiedler proposes that all of the following determine A
whether a task- or relationship-oriented style is more
effective except:
a) Situational favorableness
b) Leader-member relations
c) Task structure
d) Position power
11. Which one of the following statements is correct giv- D
en the following exchange rates?
US $ per 1 foreign unit
Country FRI THU
South Africa 0.1028 0.1023
Thailand 0.0284 0.0286
a) On Thursday, one U.S. dollar was equal to 0.1023
South African rand.
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
1. The principal difference between variable costing and B
absorption costing centers on:
a) whether variable manufacturing costs should be
included as product costs
b) whether fixed manufacturing costs should be in-
cluded as product costs
c) whether fixed manufacturing costs and fixed sell-
ing and administrative costs should be included as
product costs
d) none of these.
2. General Bikes is debating which marketing research C
options to employ. The traditional person-to-person
methods have been effective; however, the new di-
rector of market research is campaigning for on-
line-based research. What argument for this method
might he/she use?
a) Consumers are more relaxed at home in front of
their computers, therefore it is more likely the re-
sponses will be truthful
b) Online research has been standardized for each
industry, making it easier to understand them
c) A well-designed, Internet-based marketing re-
search project can cost less and yield information
faster than offline research
d) Person-to-person methods most often incorporate
researcher bias into the surveys and observations
3. Which of the following is an appropriate Federal Re- C
serve action to stimulate the United States economy?
, ETS MFT BUSINESS NEWEST 2024-2025 COMPLETE 170 QUESTIONS A
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cutting taxes
4. A small number of people with complementary skills D
who are committed to a common purpose, a set of
performance goals, and an approach for which they
hold themselves mutually accountable is referred to
as a
a) committee
b) task force
c) group
d) team
5. A company is considering producing a product for B
a new market. The fixed costs required for manufac-
turing and delivering the product is $50,000. Labor
and material costs are estimated to be approximately
$25.00 per product. If the product is sold for $35.00
each, the firm's break-even volume would be:
a) 50,000 units
b) 5,000 units
c) 2500 units
d) 500 units
6. A problem associated with equity theory is that: C
, ETS MFT BUSINESS NEWEST 2024-2025 COMPLETE 170 QUESTIONS A
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
a) it focuses on providing incentives for the long
run when most workers are mainly concerned with
incentives that apply to their current situation
b) managers have a hard time applying it to real-world
situations because of its abstract nature
c) worker motivation is based on perceptions of fair-
ness, and the perceptions workers have about their
contributions are not always accurate
d) it is concerned with the nature of the job itself
rather than with what motivates the workers who per-
form the job
7. All of the financial statements are for a period of time C
except the
a) Income statement
b) Owner's equity statement
c) Balance sheet
d) Statement of cash flows
8. By assembling computers only after customers have B
paid them for, resulting in a lower finished goods
inventory, Dell Computer Co. achieved:
a) Increased quality
b) A competitive advantage
c) Increased responsiveness
d) Increased innovation
e) None of the above
, ETS MFT BUSINESS NEWEST 2024-2025 COMPLETE 170 QUESTIONS A
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Study online at https://quizlet.com/_g3vnhd
9. The Bill of Rights refers to: B
a) the inalienable rights found at the beginning of the
Constitution
b) the first ten amendments to the Constitution
c) a specific listing of individual rights found in the
original text of the Constitution.
d) a grouping of individual rights set forth by the
United States Supreme Court shortly after the Con-
stitution was ratified by the states
10. Fiedler proposes that all of the following determine A
whether a task- or relationship-oriented style is more
effective except:
a) Situational favorableness
b) Leader-member relations
c) Task structure
d) Position power
11. Which one of the following statements is correct giv- D
en the following exchange rates?
US $ per 1 foreign unit
Country FRI THU
South Africa 0.1028 0.1023
Thailand 0.0284 0.0286
a) On Thursday, one U.S. dollar was equal to 0.1023
South African rand.
