ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With Complete Solutions The common characteristic possessed by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic benefit - Correct Answers ✅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 Answers ✅c)
Resource-seeking FDI Under the Uniform Commercial Code (UCC) statute of frauds, which of the following terms must be included in writing in order to satisfy the writing requirement?
a) The price of the goods.
b) The quantity of the goods. 1 / 4
ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With Complete Solutions
c) The signatures and names of the buyer and the seller
d) The time and place for delivery - Correct Answers ✅b)
The quantity of the goods Which of the following is an appropriate Federal Reserve action to stimulate the United States economy?
a) Selling government bonds on the open market
b) Increasing the discount rate
c) Reducing the reserve requirement
d) Cutting taxes - Correct Answers ✅c) Reducing the
reserve requirement Which of the following is true with regard to an exculpatory clause?
a) An exculpatory clause excuses one party from liability for
his/her own tortious conduct.
b) Where one party has a superior bargaining position that
has enabled him/her to impose an exculpatory clause upon the other, the courts are inclined to nullify the provision.
c) An exculpatory clause may be unenforceable for
unconscionability. 2 / 4
ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With Complete Solutions
d) All of the above are true - Correct Answers ✅d) All of the
above are true Managers at ABC, Inc. analyze the current situation of their organization and then develop plans to help their organization to accomplish its mission and achieve its goals.
This is known as:
a) Synergy planning
b) Strategy formulation
c) Functional planning
d) SWOT analysis - Correct Answers ✅b) Strategy
formulation A group that develops naturally as a result of employees' interaction within an organization is referred to as
- an informal group
- a formal group
- a work-team group
- a formation group - Correct Answers ✅a) an informal
group 3 / 4
ETS Major Field Test (Practice Test):
Bachelor’s degree in business Questions With Complete Solutions When employees use email, word processors, electronic scheduling / calendars, they are using which of the following?
a) Transaction processing systems
b) Process control systems
c) Office automation systems
d) Decision support systems - Correct Answers ✅c) Office
automation systems A standard procedure for numerically measuring a project's progress, forecasting its completion date and cost and providing measures of schedule and budget variation as activities are completed is referred to as
- program evaluation and review technique (PERT)
- the critical path method (CPM)
- a Gantt chart
- earned value analysis (EVA) - Correct Answers ✅d)
- higher market share
- decreased emphasis on competition based on price
- / 4
earned value analysis (EVA) High product differentiation is generally accompanied by