Page 1 of 105
ETS MFT BUSINESS EXAM | {LATEST 2026/ 2027
UPDATE} COMPLETE ACTUAL AND AUTHENTIC
EXAM | BRAND NEW!
Which terms would make the following sentence true?
Manufacturing companies that benefit the most from activity -
based costing are those where overhead costs are a _________
percentage of total product cost and where there is ___________
diversity among the various products that they produce.
a) low, little
b) low, considerable
c) high, little
d) high, considerable
D
,Page 2 of 105
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
D
When a domestic firm permits a foreign company to manufacture
and sell its product in exchange for a fee or royalty, the process
is termed
,Page 3 of 105
a) importing
b) exporting
c) licensing
d) countertrading
C
Which of the following statements is NOT correct concerning the
Cash Budget?
a) It is not necessary to prepare any other budgets before
preparing the Cash Budget
b) The Cash Budget should be prepared before the Budgeted
Income Statement
c) The Cash Budget should be prepared before the Budgeted
Balance Sheet
, Page 4 of 105
d) The Cash Budget builds on earlier budgets and schedules as
well as additional data
A
A manager who chooses the wrong goals for the organization
and makes poor use of the organization's resources in pursuing
these goals is said to have:
a) Low effectiveness/low efficiency
b) Low effectiveness/high efficiency
c) High effectiveness/low efficiency
d) High effectiveness/high efficiency
e) None of the above
A
ETS MFT BUSINESS EXAM | {LATEST 2026/ 2027
UPDATE} COMPLETE ACTUAL AND AUTHENTIC
EXAM | BRAND NEW!
Which terms would make the following sentence true?
Manufacturing companies that benefit the most from activity -
based costing are those where overhead costs are a _________
percentage of total product cost and where there is ___________
diversity among the various products that they produce.
a) low, little
b) low, considerable
c) high, little
d) high, considerable
D
,Page 2 of 105
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
D
When a domestic firm permits a foreign company to manufacture
and sell its product in exchange for a fee or royalty, the process
is termed
,Page 3 of 105
a) importing
b) exporting
c) licensing
d) countertrading
C
Which of the following statements is NOT correct concerning the
Cash Budget?
a) It is not necessary to prepare any other budgets before
preparing the Cash Budget
b) The Cash Budget should be prepared before the Budgeted
Income Statement
c) The Cash Budget should be prepared before the Budgeted
Balance Sheet
, Page 4 of 105
d) The Cash Budget builds on earlier budgets and schedules as
well as additional data
A
A manager who chooses the wrong goals for the organization
and makes poor use of the organization's resources in pursuing
these goals is said to have:
a) Low effectiveness/low efficiency
b) Low effectiveness/high efficiency
c) High effectiveness/low efficiency
d) High effectiveness/high efficiency
e) None of the above
A
