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ETS BUSINESS EXAM STUDY GUIDE QUESTIONS WITH COMPLETE ANSWERS

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ETS BUSINESS EXAM STUDY GUIDE QUESTIONS WITH COMPLETE ANSWERS

Institution
ETS
Course
ETS

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When the OPEC reduces production by 10% and the growth rate of the world
economy begins to escalate. How will the simultaneous occurrence of these events
affect the equilibrium price and quantity in the world petroleum market...


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Price will increase, but the quantity is indeterminate




___________, _____________, and ________________ are commonly accepted types of global
organizations.


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Multinational, international, and transnational

,What costs should be considered when making non-routine decisions?


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The price of material, Factory overhead costs, and the price of labor




If a stock's P/E ratio is 13.5 at a time when earning $3 per year, what is the stock's
current price?


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$40.50 (13.5 * 3)




Violations of OSHA can result in...


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Criminal penalties, fines, and termination




As a result of the US government imposing tariffs own foreign steel imports...


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Employment in the US steel industry will increase

,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...


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Licensing




What is not true when it regards a seller's rights to reduce legal liability in the sale on
non-comsusmer goods?


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The seller can disclaim all implied warranties by simply stating that there
are no implied warranties.




The extent to which an individual conducts an external search depends on perceived
risk, knowledge, level of interest in the godson service and...


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Prior experience




What are the requirements of all contracts?


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, Consideration, legality, capacity, and agreement




The unfavorable volume variance may be due to all but the following facts:


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Unexpected increases in the cost of utilities




_________________ is a sample selected so that each item or person in the population has
the same chance of being included.


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Simple random sample




A cost that will not be affected by later decisions is termed a what?


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Sunk Cost




Organizations that exist to achieve goals rather than profit are called...


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Institution
ETS
Course
ETS

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Uploaded on
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Number of pages
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Written in
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Type
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