100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ETS Major Field Test Questions and Answers (All are Correct) Updated $13.39   Add to cart

Exam (elaborations)

ETS Major Field Test Questions and Answers (All are Correct) Updated

 2 views  0 purchase
  • Course
  • ETS Major Field
  • Institution
  • ETS Major Field

ETS Major Field Test Questions and Answers (All are Correct) Updated Which of the following should be reported net of tax on a corporation's income statement? (A) Discontinued operations (B) Operating income (C) Gross profit (D) Gain on sale of delivery truck - Answer (A) Discontinued operat...

[Show more]

Preview 2 out of 10  pages

  • September 22, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ETS Major Field
  • ETS Major Field
avatar-seller
Scholarsstudyguide
ETS Major Field Test Questions
and Answers (All are Correct)
Updated

Which of the following should be reported net of tax on a corporation's income
statement?
(A) Discontinued operations
(B) Operating income
(C) Gross profit
(D) Gain on sale of delivery truck - Answer ✔ (A) Discontinued operations

If a multinational company cannot change the level of political risk in foreign markets,
which of the following tactics would most likely offset possible losses?
(A) Maintain control of distribution
(B) Use currency futures contracts
(C) Finance debt locally
(D) Maintain control of key inputs - Answer ✔ (C) Finance debt locally

Blessed Bundles is a regional clicks-and-mortar retail chain that sells maternity and
baby products. It uses data from past purchases to study customers' product
preferences, and it uses server tracking logs to study customers' online shopping
behavior. Which of the following correctly describes the two types of market research
data the company is using?
Past Purchases - Server Tracking Logs
(A) Transactional - Clickstream
(B) Clickstream - Transactional
(C) Private - Public
(D) Public - Private - Answer ✔ (A) Transactional - Clickstream

Fjord Furniture has been manufacturing furniture in the United States for two decades.
Based in Ohio, Fjord produces standard, noncustomized furniturefor median price-range
consumers. The furniture is produced through manual labor, and Fjord's primary
advantage is the low cost of materials that are available close to the production
facilities. The recent introduction of high-technology equipment such as laser-robotic
lathes offers Fjord the opportunity for Fjord to reduce its reliance on manual labor and
increase the use of automated systems. Adopting this technology will also allow the
production facilities to operate around-the-clock. Profit margins are likely to decline after
five years as competitors adopt the new technology.

, Fjord is located in a region whose economy has been plagued by corporate
consolidations and changes in manufacturing processes. Strong labor unions dominate
the region, even though labor uni - Answer ✔ Questions 22-28 based on this scenario

If Fjord successfully implements the new technology, the move will most likely result in
(A) a decrease in total and variable cost and an
increase in fixed cost
(B) a decrease in total cost, an increase in
variable cost, and a decrease in fixed cost
(C) an increase in revenue and a decrease in
variable cost and fixed costs.
(D) an increase in revenue, a decrease in variable - Answer ✔ (A) a decrease in total
and variable cost and an
increase in fixed cost

Biggie Mart is a national chain of hypermarkets that carries a narrow line of inexpensive,
standard furniture items. Biggie Mart offers to carry some of Fjord's furniture products if
Fjord will provide several other products at reduced prices that will be sold under Biggie
Mart's Home with Biggie brand name. Home with Biggie is which
of the following kinds of brands?
(A) Parent
(B) Private
(C) Flanker
(D) Corporate - Answer ✔ (B) Private

If Fjord's management installs new production technology, almost half the current
workforce could be transferred to the production of high- quality, handcrafted wood
furniture, a new line for the firm. Further, the marketing manager has identified a
potential retailer for the line. Home Heritage sells only handcrafted wood furniture
through its chain of small, locally franchised stores. Which of the following best
describes Home Heritage?
(A) Specialty store
(B) Category killer
(C) Mass merchandiser
(D) Nontraditional retailer - Answer ✔ (A) Specialty store

A state government office wants a special order of furniture. Fjord is not currently
operating at full capacity, but accepting the special order would require a reduction in
production for regular customers. The state order is 10 percent less than Fjord normally
charges. Fjord should produce furniture for the state and reduce other production if
(A) the gross margin on the reduced amount of routine production is less than the gross
margin on the state order
(B) the profit margin on the reduced amount of routine production is less than the profit
margin on the state order
(C) the total revenue for the reduced amount of routine production is less than the total
revenue on the state order

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Scholarsstudyguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.39. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.39
  • (0)
  Add to cart