ETS MAJOR FIELD TEST IN BUSINESS EXAM Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE

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ETS MAJOR FIELD TEST IN BUSINESS EXAM
Questions with 100% Correct Answers | Verified ||
ACTUAL EXAM 2026 TEST!! Graded A+ |
2025|2026 EXAM UPDATE

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Terms in this set (457)



In marketing research, a firm might a) secondary data usually cost less
consider using secondary data over
primary data because


a) secondary data usually cost less
b) secondary data are usually more
accurate
c) primary data are usually non
specific
d) primary data are likely to be
outdated




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In organizational decision making, a) enforcement of internal policies
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


The term "net working capital" refers (C) current assets less short-term liabilities
to


(A) inventories, receivables, and
current notes and investments
(B) assets divided by liabilities
(C) current assets less short-term
liabilities
(D) net assets left over after
subtracting cost of goods sold




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Dreamland Pillow Company sells the (D) 700
"Old Softy" model for $20 each. One
pillow requires two pounds of raw VC = (2 lbs*$3)+$4 = $10
material and one hour of direct labor FC = $2,000+$4,000 = $6,000
to manufacture. CM per unit = $20-(VC) $10=$10
$1,000 = (units sold*$10)-$6,000
Raw material costs $3 per pound
and direct production labor is paid Units sold = ($1,000+$6,000)/$10 = 700 pillows
$4 per hour. Fixed supervisory costs
are $2,000 per month and
Dreamland rents its factory on a five-
year lease for $4,000 per month. All
costs are considered costs of
production.


How many pillows must Dreamland
produce and sell each month to earn
a monthly gross profit of $1,000?


(A) 300
(B) 350
(C) 600
(D) 700




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Dreamland Pillow Company sells the (C) 625
"Old Softy" model for $20 each. One
pillow requires two pounds of raw Dreamland VC per unit = $12
material and one hour of direct labor FC = $4,000
to manufacture. CM per unit = $20-(VC) $12=$8
(GP) $1,000 = (units sold*$8)-$4,000
Raw material costs $3 per pound
and direct production labor is paid Units sold = ($1,000+$4,000)/$8 = 625 pillows
$4 per hour. Fixed supervisory costs
are $2,000 per month and
Dreamland rents its factory on a five-
year lease for $4,000 per month. All
costs are considered costs of
production.


Another firm has offered to produce
"Old Softy" pillows and sell them to
Dreamland for $12 each. Dreamland
cannot avoid the factory lease
payments, but can avoid all labor
costs if it does not produce these
pillows. Under these conditions, how
many "Old Softy" pillows must
Dreamland sell to earn monthly
gross profits of $1,000?


(A) 417
(B) 500
(C) 625
(D) 875




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