ETS Major Field Study guides, Class notes & Summaries

The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit - correct answer 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 answer c) Resource-seeking FDI Under the Un...

ETS MAJOR FIELD TEST (PRACTICE TEST): BACHELOR'S DEGREE IN BUSINESS

ETS Major Field Test (Practice Test): Bachelor's Degree in Business The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit - ANSWER 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-seekin...

The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit - ANSWER 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 - ANSWER c) Resource-seeking FDI Under the Uniform Commercial Code (UC...

ETS Major Field Test (Practice Test) Bachelor's Degree in Business Questions and Correct Answers Guaranteed Success

(D) $328,000 1. If a company sold merchandise for a $230,000 cash down payment and $310,000 on account and if the cost of the merchandise sold is $212,000, what is the amount of gross profit? (A) $18,000 (B) $98,000 (C) $310,000 (D) $328,000 (C) $618,000 2. A company issued a $600,000, 12 percent, 90-day note payable to acquire an office building. What is the maturity value of the note? (A) $72,000 (B) $600,000 (C) $618,000 (D) $672,000 Brainpower Read More Previ...

Scarcity and Choice Human wants and needs are unlimited and resources to satisfy them are limited. Choices must be made between the possible alternatives 3 Questions every economy must answer What to produce? How to produce it? For whom it is produced? Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen 3 Questions What to produce? Have to evaluate more than just needs. Involves the wants and needs of ...

Adam Smith Father of Economics Responsible for Division of Labor 1776: Tasks are subdivided into individual jobs Employees perform only the tasks relevant to their specialized function Jobs tend to be small, but they can be performed efficiently Proposes that production can be increased by dividing labor on to similar tasks Frederick Winslow Taylor Scientific Management 1911: Developed standard method for performing each job Selected workers with appropriate abilities for ...

The common characteristic possessed by all assets is 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? Resource-seeking FDI Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Under the Uniform Commercial Code (UCC) statute of frauds, which of the following terms must be included in writing...