ETS Prep Exam Questions & Answers 2024/2025
A formal system of reporting relationships that coordinates workers so that they work together to attempt to achieve organizational goals is called:
a) A low-cost strategy
b) An efficient strategy
c) A controlling strategy
d) An organizational ...
A formal system of reporting relationships that coordinates workers so that they work together to
attempt to achieve organizational goals is called:
a) A low-cost strategy
b) An efficient strategy
c) A controlling strategy
d) An organizational structure - ANSWERSd) An organizational structure
Which of the following is an assumption of Theory Y as developed by Douglas McGregor?
a) Workers seek responsibility
b) Workers are interested in monetary gains
c) Workers prefer direction
d) Workers dislike work - ANSWERSa) Workers seek responsibility
A major competitor of XYZ, Inc. suddenly creates a new type of product that makes XYZ's products
obsolete. This is an example of which type of force in the environment?
a) Task environment
b) Political environment
c) Legal environment
d) General environment - ANSWERSa) Task environment
In marketing research, a firm might consider using secondary data over primary data because
,a) Secondary data usually cost less
b) Primary data are usually non specific
c) Primary data are likely to be outdated
d) Secondary data are usually more accurate - ANSWERSa) Secondary data usually cost less
Long-term plans focusing on those organizational objectives that will significantly affect the firm for five
or more years are usually referred to as ________ plans.
a) Marketing
b) Economic
c) Tactical
d) Strategic - ANSWERSd) Strategic
Tyson Foods promoting the "Share Our Strength" program is an example of _____ marketing.
a) Event
b) Cause
c) Person
d) Person - ANSWERSb) Cause
According to Trompenaar and Hampden-Turners classification, a culture with private life kept separate
from work is called:
a) Neutral
b) Emotional
c) Specific
d) Diffuse - ANSWERSc) Specific
Business torts consist of:
,a) All are correct
b) Disparagement
c) Interference with contractual relations
d) Fraudulent misrepresentation - ANSWERSa) All are correct
Which of the following is not a trade barrier to an exporter?
a) Tariffs
b) Subsidies
c) Import Quotas
d) Related party trade - ANSWERSb) Subsidies
This type of leadership behavior has been shown to have a positive impact on employees' attitudes in
collectivistic cultures because the care, support, and protection provided by these leaders may address
employees' need for frequent contact and close personal relationships.
a) Participative
b) Autocratic
c) Authoritarian
d) Paternalistic - ANSWERSd) Paternalistic
A differentiation strategy enables a business to address the five competitive forces by
a) Lessening competitive rivalry by distinguishing itself
b) Having brand-loyal customers become more sensitive to prices
c) Increasing economies of scale
d) Serving a broader market segment - ANSWERSa) Lessening competitive rivalry by distinguishing itself
, Primary value chain activities that involve the effective layout of receiving dock operations (inbound
logistics) and support value chain activities that include expertise in process engineering (technology
development) characterize what generic strategy?
Dave Keith is working on a computerized search through one of his company's data mart files. The
purpose of the search is to try to detect customer buying behavior and patterns in product sales. Dave
Keith is engaged in:
a) Sales forecasting
b) Marketing decision support systems
c) Data forecasting
d) Data mining - ANSWERSd) Data mining
A project consists of 150 jobs. The expected completion time for each job is given in days. The project
has three critical paths with two jobs in common, J and K. In order to finish the project one day early, the
completion time should be reduced one day for
a) Each of the 150 jobs
b) Each of the jobs on the three critical paths
c) Either Job J or Job K
d) Both Job J and Job K - ANSWERSc) Either Job J or Job K
The primary purpose of the statement of cash flows is to report
a) Information about cash receipts and cash payments of a company
b) A company's investing transactions
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