1|Page
ETS MFT BUSINESS NEWEST 2026 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
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 - ANSWER-D
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If the spread between the spot and forward exchange rates of two
currencies equals the interest rate difference between the two
countries, this phenomenon is referred to as
a) purchasing-power equality
b) commodity arbitrage
c) currency hedging
d) interest-rate parity - ANSWER-D
As the size of the sample increases, what happens to the shape
of the sampling means?
a) Cannot be predicted in advance
b) Approaches a normal distribution
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c) Positively skewed
d) Negatively skewed - ANSWER-B
An information system that enables all business departments in
the same firm to share relevant information and data is called
a) an enterprise resource planning (ERP) system
b) a material requirements planning (MRP) system
c) a decision support system (DSS)
d) a point-of-sale (POS) system - ANSWER-A
Green desires to form a new company to manufacture lawn
mowers. Green is concerned
about having his personal assets exposed to liability for the new
company's contracts and torts.
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Furthermore, he wants to retain control over the company's
operations and growth for the next few years. He will need an
infusion of equity capital to begin operations. He hopes to take the
company public in about five years if it is advantageous to do so
at the time. Which of the following types of associations would be
best for Green's new company?
a) Corporation
b) General partnership
c) Limited partnership
d) Member-managed limited-liability company - ANSWER-A
A valid contract may be unenforceable for which reason(s)?
a) Failure to satisfy the Statute of Frauds.
ETS MFT BUSINESS NEWEST 2026 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
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 - ANSWER-D
,2|Page
If the spread between the spot and forward exchange rates of two
currencies equals the interest rate difference between the two
countries, this phenomenon is referred to as
a) purchasing-power equality
b) commodity arbitrage
c) currency hedging
d) interest-rate parity - ANSWER-D
As the size of the sample increases, what happens to the shape
of the sampling means?
a) Cannot be predicted in advance
b) Approaches a normal distribution
,3|Page
c) Positively skewed
d) Negatively skewed - ANSWER-B
An information system that enables all business departments in
the same firm to share relevant information and data is called
a) an enterprise resource planning (ERP) system
b) a material requirements planning (MRP) system
c) a decision support system (DSS)
d) a point-of-sale (POS) system - ANSWER-A
Green desires to form a new company to manufacture lawn
mowers. Green is concerned
about having his personal assets exposed to liability for the new
company's contracts and torts.
, 4|Page
Furthermore, he wants to retain control over the company's
operations and growth for the next few years. He will need an
infusion of equity capital to begin operations. He hopes to take the
company public in about five years if it is advantageous to do so
at the time. Which of the following types of associations would be
best for Green's new company?
a) Corporation
b) General partnership
c) Limited partnership
d) Member-managed limited-liability company - ANSWER-A
A valid contract may be unenforceable for which reason(s)?
a) Failure to satisfy the Statute of Frauds.
