ETS Major Field Test (Practice Test): Bachelor's Degree in Business Exam
2026|2027 Questions and Answers (100% Correct) | Already Graded A+
The document that provides a common understanding, justification, and expected result for a project is
referred to as
a) the statement of work (SOW)
b) the work breakdown structure (WBS)
c) the scope statement
d) the responsibility assignment matrix (RAM) - Correct Answer -c) the scope statement
A company issued a $600,000, 12 percent, 90-day note payable to acquire an office building. What is
the maturity value of the note?
a) $72,000
b) $600,000
c) $618,000
d) $672,000 - Correct Answer -c) $618,000
The process of collecting information about the external marketing environment is called:
a) environmental management
1|Page
,b) marketing research
c) marketing management
d) environmental scanning - Correct Answer -d) environmental scanning
A nuclear power plant uses electronic sensors linked to computers to continually monitor processes and
make instant (real-time) adjustments that control the power generation process. This is an example of
a(n):
a) Transaction processing system
b) Decision support system
c) Enterprise collaboration system
d) Process control system - Correct Answer -d) Process control system
Which one of the following is NOT a major dimension of global IT cultural, political and geo-economic
challenges?
a) Global business and IT strategies
b) Global business and IT application portfolios
c) Global IT platforms
d) Global software management - Correct Answer -d) Global software management
Net income $100,000
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,Depreciation expense $10,000
Net increase in accounts receivable $5,000
Net increase in accounts payable $3,000
On the basis of the information provided in the table above for a corporation, the corporation's net cash
flow from operating activities for the current year is
a) $98,000
b) $102,000
c) $108,000
d) $118,000 - Correct Answer -c) $108,000
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
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, d) The Cash Budget builds on earlier budgets and schedules as well as additional data - Correct Answer -
a) It is not necessary to prepare any other budgets before preparing the Cash Budget
You are investing $100 today in a savings account at your local bank. Which one of the following terms
refers to the value of this investment one year from now?
a) future value
b) present value
c) principal amounts
d) discounted value
e) invested principal - Correct Answer -a) future value
Which of the following consists of factors that influence consumer buying power and marketing
strategies?
a) competitive environment
b) cultural environment
c) economic environment
d) regulatory environment - Correct Answer -c) economic environment
Steel, paper, paints, and chemicals are examples of industries that most likely use
4|Page
2026|2027 Questions and Answers (100% Correct) | Already Graded A+
The document that provides a common understanding, justification, and expected result for a project is
referred to as
a) the statement of work (SOW)
b) the work breakdown structure (WBS)
c) the scope statement
d) the responsibility assignment matrix (RAM) - Correct Answer -c) the scope statement
A company issued a $600,000, 12 percent, 90-day note payable to acquire an office building. What is
the maturity value of the note?
a) $72,000
b) $600,000
c) $618,000
d) $672,000 - Correct Answer -c) $618,000
The process of collecting information about the external marketing environment is called:
a) environmental management
1|Page
,b) marketing research
c) marketing management
d) environmental scanning - Correct Answer -d) environmental scanning
A nuclear power plant uses electronic sensors linked to computers to continually monitor processes and
make instant (real-time) adjustments that control the power generation process. This is an example of
a(n):
a) Transaction processing system
b) Decision support system
c) Enterprise collaboration system
d) Process control system - Correct Answer -d) Process control system
Which one of the following is NOT a major dimension of global IT cultural, political and geo-economic
challenges?
a) Global business and IT strategies
b) Global business and IT application portfolios
c) Global IT platforms
d) Global software management - Correct Answer -d) Global software management
Net income $100,000
2|Page
,Depreciation expense $10,000
Net increase in accounts receivable $5,000
Net increase in accounts payable $3,000
On the basis of the information provided in the table above for a corporation, the corporation's net cash
flow from operating activities for the current year is
a) $98,000
b) $102,000
c) $108,000
d) $118,000 - Correct Answer -c) $108,000
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
3|Page
, d) The Cash Budget builds on earlier budgets and schedules as well as additional data - Correct Answer -
a) It is not necessary to prepare any other budgets before preparing the Cash Budget
You are investing $100 today in a savings account at your local bank. Which one of the following terms
refers to the value of this investment one year from now?
a) future value
b) present value
c) principal amounts
d) discounted value
e) invested principal - Correct Answer -a) future value
Which of the following consists of factors that influence consumer buying power and marketing
strategies?
a) competitive environment
b) cultural environment
c) economic environment
d) regulatory environment - Correct Answer -c) economic environment
Steel, paper, paints, and chemicals are examples of industries that most likely use
4|Page
