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UPDATED MBA ETS MAJOR FIELD
TEST QUESTIONS WITH CORRE CT
ANSWERS ALREADY PASS ED AND
VERIFIED
Question : 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
Question : 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
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Correct Answer: c) Resource-seeking FDI
Question : 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.
c) The signatures and names of the buyer and the seller
d) The time and place for delivery
Correct Answer: b) The quantity of the goods.
Question : 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 Answer: c) Reducing the reserve requirement
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Question : 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.
d) All of the above are true
Correct Answer: d) All of the above are true
Question : 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
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c) Functional planning
d) SWOT analysis
Correct Answer: b) Strategy formulation
Question : 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 Answer: a) an informal group
Question : When employees use email, word processors,
electronic scheduling / calendars, they are using which of the following?