ETS MFT Business Exam (Answered) With
Complete Verified Solution. Updated Fall
2024/2025. 100% Correct.
In marketing research, a firm might consider using secondary data because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated
a. Secondary data costs less
In organizational decision-making, managers are able to exercise the greatest degree of discretion in
the?
a. enforcement of internal policies
b. settlement of legal disputes
c. restructuring of outstanding loans
d. compliance with federal regulations
a. Enforcement of internal policies
The term "net working capital" refer to:
a. inventories, receivables and current notes & investments
b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold (COGS)
c. current assets less (-) short term liabilities
Dreamland Pillows: Q4: How many pillows must dreamland produce and sell each month to earn a
gross profit of $1000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000)
a. 300
b. 350
c. 600
d. 700
700
(20x)-(6x+4x+6000)=1000
Dreamland Pillows. Q5: Another firm can produce pillows and sell them to Dreamland for $12 each.
They can avoid labor costs, how many pillows must they sell to make a net profit of $1,000?
, (model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000 (supervisory cost
2000, factory cost 4,000)
a. 417
b. 500
c. 625
d. 875
625
20x-4000-12x=1000
(4000 is the factory cost, 12 is the new cost for "production")
Which of the following statements about tort negligence is true?
a. it cannot be used as a basis for liability for defective products
b. it is strictly tort with no defenses
c. it requires proof of some intentional conduct
d. it requires proof of breach of statutory/common-law duty
d. It requires proof of breach of statutory/common-law duty
Which of the following statements about a systems flowchart is true?
a. it is used in systems design to define and describe each piece of data
b. it is a method of writing programs using only 3 basic constructs: sequence, selection, and
repetition
c. it documents the sequence of processing steps that take place in an information system
d. it documents the logical design of an information system
c. It documents the sequence of processing steps that take place in an information system
Within the context of the capital asset pricing model (CAPM), the risk measure known as beta is
often computed by regressing the return of the company's stock against?
a. return on the company's bond
b. return on the marlet portfilio
c. change in GDP (gross domestic product)
d. change in the CPI (consumer price index)
b. Return on the market portfolio
A Project consists of 150 jobs. The expected completion time for each job is given in days. The
project has 3 critical paths with 2 jobs in common, J & K. To finish the project 1 day early, the
completion time should be reduced 1 day for?
a. each of the 150 jobs
b. each of the jobs on the 3 critical paths
Complete Verified Solution. Updated Fall
2024/2025. 100% Correct.
In marketing research, a firm might consider using secondary data because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated
a. Secondary data costs less
In organizational decision-making, managers are able to exercise the greatest degree of discretion in
the?
a. enforcement of internal policies
b. settlement of legal disputes
c. restructuring of outstanding loans
d. compliance with federal regulations
a. Enforcement of internal policies
The term "net working capital" refer to:
a. inventories, receivables and current notes & investments
b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold (COGS)
c. current assets less (-) short term liabilities
Dreamland Pillows: Q4: How many pillows must dreamland produce and sell each month to earn a
gross profit of $1000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000)
a. 300
b. 350
c. 600
d. 700
700
(20x)-(6x+4x+6000)=1000
Dreamland Pillows. Q5: Another firm can produce pillows and sell them to Dreamland for $12 each.
They can avoid labor costs, how many pillows must they sell to make a net profit of $1,000?
, (model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000 (supervisory cost
2000, factory cost 4,000)
a. 417
b. 500
c. 625
d. 875
625
20x-4000-12x=1000
(4000 is the factory cost, 12 is the new cost for "production")
Which of the following statements about tort negligence is true?
a. it cannot be used as a basis for liability for defective products
b. it is strictly tort with no defenses
c. it requires proof of some intentional conduct
d. it requires proof of breach of statutory/common-law duty
d. It requires proof of breach of statutory/common-law duty
Which of the following statements about a systems flowchart is true?
a. it is used in systems design to define and describe each piece of data
b. it is a method of writing programs using only 3 basic constructs: sequence, selection, and
repetition
c. it documents the sequence of processing steps that take place in an information system
d. it documents the logical design of an information system
c. It documents the sequence of processing steps that take place in an information system
Within the context of the capital asset pricing model (CAPM), the risk measure known as beta is
often computed by regressing the return of the company's stock against?
a. return on the company's bond
b. return on the marlet portfilio
c. change in GDP (gross domestic product)
d. change in the CPI (consumer price index)
b. Return on the market portfolio
A Project consists of 150 jobs. The expected completion time for each job is given in days. The
project has 3 critical paths with 2 jobs in common, J & K. To finish the project 1 day early, the
completion time should be reduced 1 day for?
a. each of the 150 jobs
b. each of the jobs on the 3 critical paths
