ETS MFT BUSINESS EXAM NEWEST 2024 ACTUAL EXAM
COMPLETE 230 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
In marketing research, a firm might consider using secondary data because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated - ANSWER: a. Secondary data costs less
In organizational decision-making, 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 - ANSWER: a. Enforcement of internal policies
The term "net working capital" refer to:
a. inventories, receivables and current notes & investments
b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold (COGS) - ANSWER: c.
current assets less (-) short term liabilities
Dreamland Pillows: Q4: How many pillows must dreamland produce and sell each
month to earn a gross profit of $1000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000)
a. 300
b. 350
c. 600
d. 700 - ANSWER: 700
(20x)-(6x+4x+6000)=1000
Dreamland Pillows. Q5: Another firm can produce pillows and sell them to
Dreamland for $12 each. They can avoid labor costs, how many pillows must they
sell to make a net profit of $1,000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000
(supervisory cost 2000, factory cost 4,000)
, a. 417
b. 500
c. 625
d. 875 - ANSWER: 625
20x-4000-12x=1000
(4000 is the factory cost, 12 is the new cost for "production")
Which of the following statements about tort negligence is true?
a. it cannot be used as a basis for liability for defective products
b. it is strictly tort with no defenses
c. it requires proof of some intentional conduct
d. it requires proof of breach of statutory/common-law duty - ANSWER: d. It requires
proof of breach of statutory/common-law duty
Which of the following statements about a systems flowchart is true?
a. it is used in systems design to define and describe each piece of data
b. it is a method of writing programs using only 3 basic constructs: sequence,
selection, and repetition
c. it documents the sequence of processing steps that take place in an information
system
d. it documents the logical design of an information system - ANSWER: c. It
documents the sequence of processing steps that take place in an information
system
Within the context of the capital asset pricing model (CAPM), the risk measure
known as beta is often computed by regressing the return of the company's stock
against?
a. return on the company's bond
b. return on the marlet portfilio
c. change in GDP (gross domestic product)
d. change in the CPI (consumer price index) - ANSWER: b. Return on the market
portfolio
A Project consists of 150 jobs. The expected completion time for each job is given in
days. The project has 3 critical paths with 2 jobs in common, J & K. To finish the
project 1 day early, the completion time should be reduced 1 day for?
a. each of the 150 jobs
b. each of the jobs on the 3 critical paths
c. either job J or K
d. both job J and K - ANSWER: Either Job J or K
COMPLETE 230 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
In marketing research, a firm might consider using secondary data because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated - ANSWER: a. Secondary data costs less
In organizational decision-making, 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 - ANSWER: a. Enforcement of internal policies
The term "net working capital" refer to:
a. inventories, receivables and current notes & investments
b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold (COGS) - ANSWER: c.
current assets less (-) short term liabilities
Dreamland Pillows: Q4: How many pillows must dreamland produce and sell each
month to earn a gross profit of $1000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000)
a. 300
b. 350
c. 600
d. 700 - ANSWER: 700
(20x)-(6x+4x+6000)=1000
Dreamland Pillows. Q5: Another firm can produce pillows and sell them to
Dreamland for $12 each. They can avoid labor costs, how many pillows must they
sell to make a net profit of $1,000?
(model =$20. 1 pillow =2pds=$6 material cost. 1 hr of labor =$4. Fixed cost $6000
(supervisory cost 2000, factory cost 4,000)
, a. 417
b. 500
c. 625
d. 875 - ANSWER: 625
20x-4000-12x=1000
(4000 is the factory cost, 12 is the new cost for "production")
Which of the following statements about tort negligence is true?
a. it cannot be used as a basis for liability for defective products
b. it is strictly tort with no defenses
c. it requires proof of some intentional conduct
d. it requires proof of breach of statutory/common-law duty - ANSWER: d. It requires
proof of breach of statutory/common-law duty
Which of the following statements about a systems flowchart is true?
a. it is used in systems design to define and describe each piece of data
b. it is a method of writing programs using only 3 basic constructs: sequence,
selection, and repetition
c. it documents the sequence of processing steps that take place in an information
system
d. it documents the logical design of an information system - ANSWER: c. It
documents the sequence of processing steps that take place in an information
system
Within the context of the capital asset pricing model (CAPM), the risk measure
known as beta is often computed by regressing the return of the company's stock
against?
a. return on the company's bond
b. return on the marlet portfilio
c. change in GDP (gross domestic product)
d. change in the CPI (consumer price index) - ANSWER: b. Return on the market
portfolio
A Project consists of 150 jobs. The expected completion time for each job is given in
days. The project has 3 critical paths with 2 jobs in common, J & K. To finish the
project 1 day early, the completion time should be reduced 1 day for?
a. each of the 150 jobs
b. each of the jobs on the 3 critical paths
c. either job J or K
d. both job J and K - ANSWER: Either Job J or K
