ETS MFT BUSINESS EXAM QUESTIONS & ANSWERS 2023/2024
12 views 0 purchase
Course
ETS MFT BUSINESS
Institution
ETS MFT BUSINESS
ETS MFT BUSINESS EXAM QUESTIONS & ANSWERS 2023/2024
The principal difference between variable costing and absorption costing centers on:
a) whether variable manufacturing costs should be included as product costs
b) whether fixed manufacturing costs should be included as product costs
...
ETS MFT BUSINESS EXAM QUESTIONS
& ANSWERS 2023/2024
The principal difference between variable costing and absorption costing centers on:
a) whether variable manufacturing costs should be included as product costs
b) whether fixed manufacturing costs should be included as product costs
c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as
product costs
d) none of these. - ANSWER-B
General Bikes is debating which marketing research options to employ. The traditional person-to-person
methods have been effective; however, the new director of market research is campaigning for online-
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
responses 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 research 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 -
ANSWER-C
,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 - ANSWER-C
A small number of people with complementary skills 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 - ANSWER-D
A company is considering producing a product for a new market. The fixed costs required for
manufacturing 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 - ANSWER-B
A problem associated with equity theory is that:
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 fairness, 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
perform the job - ANSWER-C
All of the financial statements are for a period of time except the
a) Income statement
b) Owner's equity statement
c) Balance sheet
d) Statement of cash flows - ANSWER-C
By assembling computers only after customers have 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 - ANSWER-B
The Bill of Rights refers to:
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
Constitution was ratified by the states - ANSWER-B
Fiedler proposes that all of the following determine whether a task- or relationship-oriented style is
more effective except:
a) Situational favorableness
b) Leader-member relations
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
