ETS Major Field Test (Practice Test): Bachelor's
Degree in Business EXAM Questions & Answers
| Latest Already Graded A+ UPDATE 2026
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Terms in this set (157)
The common characteristic d) Future economic benefit
possessed by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic benefit
Which Foreign Direct Investment c) Resource-seeking FDI
(FDI) attempts to acquire particular
resources at a lower real cost than
could be obtained in the home
country?
a) Market-seeking FDI
b) Efficiency-seeking FDI
c) Resource-seeking FDI
d) Strategic asset-seeking FDI
,Under the Uniform Commercial b) The quantity of the goods
Code (UCC) statute of frauds,
which of the following terms must
be included in writing in order to
satisfy the writing requirement?
a) The price of the goods.
b) The quantity of the goods.
c) The signatures and names of the
buyer and the seller
d) The time and place for delivery
Which of the following is an c) Reducing the reserve requirement
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
,Which of the following is true with d) All of the above are true
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
Managers at ABC, Inc. analyze the b) Strategy formulation
current situation of their
organization and then develop
plans to help their organization to
accomplish its mission and achieve
its goals. This is known as:
a) Synergy planning
b) Strategy formulation
c) Functional planning
d) SWOT analysis
, A group that develops naturally as a a) an informal group
result of employees' interaction
within an organization is referred to
as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group
When employees use email, word c) Office automation systems
processors, electronic scheduling /
calendars, they are using which of
the following?
a) Transaction processing systems
b) Process control systems
c) Office automation systems
d) Decision support systems
A standard procedure for d) earned value analysis (EVA)
numerically measuring a project's
progress, forecasting its completion
date and cost and providing
measures of schedule and budget
variation as activities are completed
is referred to as
a) program evaluation and review
technique (PERT)
b) the critical path method (CPM)
c) a Gantt chart
d) earned value analysis (EVA)
Degree in Business EXAM Questions & Answers
| Latest Already Graded A+ UPDATE 2026
Save
Terms in this set (157)
The common characteristic d) Future economic benefit
possessed by all assets is
a) Long life
b) Great monetary value
c) Tangible nature
d) Future economic benefit
Which Foreign Direct Investment c) Resource-seeking FDI
(FDI) attempts to acquire particular
resources at a lower real cost than
could be obtained in the home
country?
a) Market-seeking FDI
b) Efficiency-seeking FDI
c) Resource-seeking FDI
d) Strategic asset-seeking FDI
,Under the Uniform Commercial b) The quantity of the goods
Code (UCC) statute of frauds,
which of the following terms must
be included in writing in order to
satisfy the writing requirement?
a) The price of the goods.
b) The quantity of the goods.
c) The signatures and names of the
buyer and the seller
d) The time and place for delivery
Which of the following is an c) Reducing the reserve requirement
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
,Which of the following is true with d) All of the above are true
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
Managers at ABC, Inc. analyze the b) Strategy formulation
current situation of their
organization and then develop
plans to help their organization to
accomplish its mission and achieve
its goals. This is known as:
a) Synergy planning
b) Strategy formulation
c) Functional planning
d) SWOT analysis
, A group that develops naturally as a a) an informal group
result of employees' interaction
within an organization is referred to
as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group
When employees use email, word c) Office automation systems
processors, electronic scheduling /
calendars, they are using which of
the following?
a) Transaction processing systems
b) Process control systems
c) Office automation systems
d) Decision support systems
A standard procedure for d) earned value analysis (EVA)
numerically measuring a project's
progress, forecasting its completion
date and cost and providing
measures of schedule and budget
variation as activities are completed
is referred to as
a) program evaluation and review
technique (PERT)
b) the critical path method (CPM)
c) a Gantt chart
d) earned value analysis (EVA)
