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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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Finance: What are the 3 service/ product provided to corporations by financial
markets and institutions?


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Valuation of the company, financing, and contracts to manage risk




Stats: A sample selected so that each item or person in the population has the same
chance of being included is


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a simple random sample

,Management: The vertical and horizontal configuration oaf departments authority,
and jobs within a company is


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Organizational structure




In the statement of cash flows, the section for cash flows from operating activities will
include


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a decrease in accounts payable




Marketing: Toyota promotes its Sienna minivan as a safe and practical vehicle for
families. This is an example of


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Family life cycle segmentations




Marketing: In Starbucks ____ will occur if its new VIA line of instant coffee leads to
reduced sales of its coffee beans


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, Cannibalization




Economics: The unemployment that results because it takes time for workers to search
for the jobs that best suit their tastes and skills is called?


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Frictional unemployment




Marketing: Organizations that exists to achieve goals rather than profits called


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non profit organizations




Economics: The price elasticity of demand tends to be more elastic...


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At points further up and to the left along the demand curve




Accounting: What are the potential ways to find the price of what a produced
products should cost? (3)


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, Product cost concept, total cost concept, and variable cost concept




Stats: Joint probability is


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mutually exclusive, 2 events that occur simultaneously, and joins 2 or more
events




Marketing: An effective away to increase business with existing customers and retain
current customers it to


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Build relationship




Accounting: Factors in computing depreciation are?


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Initial cost + residual value = depreciable




Economics: A given tax will cause a bigger deadweight loss if demand and supply
are...


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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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