ETSg MFTg BUSINESSg NEWg EXAMg 100%g CORRECTLYg ANSWEREDg (A+)
WhichgofgthegfollowinggisgangappropriategFederalgReservegactiongtogstimulategthegUnitedgSt
atesgeconomy?
a) Salegofggovernmentgbondsgingthegopengmarket
b) Raisinggthegdiscountgrate
c) Loweringgthegreservegrequirement
d) Taxgcutsg-gANSWERgC
GeneralgBikesgisgconsideringgwhatgmarketinggresearchgoptionsgtogutilize.gThegtradition
algperson-to-
persongmethodsghavegbeengworkinggwell;ghowever,gthegnewgdirectorgofgmarketgresearc
hgisgpushinggforgonline-
basedgresearch.gWhatgargumentgforgthisgmethodgmightghe/sheguse?
a) Consumersgaregmoregrelaxedgatghomegingfrontgofgtheirgcomputers,gthereforegitgisgmo
reglikelygthegresponsesgwillgbegtruthful
b) Onlinegresearchghasgbeengstandardizedgforgeachgindustry,gmakinggitgeasiergt
ogunderstandgthem
c) Agwell-designed,gInternet-
basedgmarketinggresearchgprojectgcangcostglessgandgyieldginformationgfastergthangof
flinegresearch
d) Person-to-
persongmethodsgmostgoftengincorporategresearchergbiasgintogthegsurveysgandgobserv
ationsg-gANSWERgC
Agsmallgnumbergofgpeoplegwithgcomplementarygskillsgwhogaregcommittedgtogagcommon
gpurpose,gagsetgofgperformanceggoals,gandgangapproachgforgwhichgtheygholdgthemselve
sgmutuallygaccountablegisgknowngasga
a) committee
b) taskgforce
c) group
d) teamg-gANSWERgD
,Agfirmgisgthinkinggofgmanufacturinggagproductgtogsellgingagnewgmarket.gThegfixedgcost
sgneededgtogmakegandgdelivergthegproductgareg$50,000.gLaborgandgmaterialgcostsgar
egexpectedgtogbegaboutg$25.00gpergproduct.gIfgthegproductgsellsgforg$35.00geach,gthegfi
rm'sgbreak-evengvolumegwouldgbe:
a) 50,000gunits
b) 5,000gunits
c) 2500gunits
d) 500gunitsg-gANSWERgB
Agproblemgassociatedgwithgequitygtheorygisgthat:
a) itgfocusesgongprovidinggincentivesgforgtheglonggrungwhengmostgworkersgaregmain
lygconcernedgwithgincentivesgthatgapplygtogtheirgcurrentgsituation
b) managersghavegaghardgtimegapplyinggitgtogreal-
worldgsituationsgbecausegofgitsgabstractgnature
c) workergmotivationgisgbasedgongperceptionsgofgfairness,gandgthegperceptionsgworker
sghavegaboutgtheirgcontributionsgaregnotgalwaysgaccurate
d) itgisgconcernedgwithgthegnaturegofgthegjobgitselfgrathergthangwithgwhatgmotivatesgt
hegworkersgwhogperformgthegjobg-gANSWERgC
Allgofgthegfinancialgstatementsgaregforgagperiodgofgtimegexceptgthe
a) Incomegstatement
b) Owner'sgequitygstatement
c) Balancegsheet
d) Statementg ofg cashg flowsg -g ANSWERg C
Thegmaingdifferencegbetweengvariablegcostinggandgabsorptiongcostinggrelatesgtogwhet
her:
a) variablegmanufacturinggcostsg aregproductgcosts
b) fixedgmanufacturinggcostsgaregproductgcosts
c) fixedgmanufacturinggcostsgandgfixedgsellinggandgadministrativegcostsgaregproduc
tgcosts
d) noneg ofg these.g -g ANSWERg B
,Bygassemblinggcomputersgonlygaftergcustomersghavegpaidgthemgfor,gresultinggingaglowergfin
ishedggoodsginventory,gDellgComputergCo.gachieved:
a) Increasedgquality
b) Agcompetitivegadvantage
c) Increasedgresponsiveness
d) Increasedginnovation
e) Nonegofgthegaboveg-
gANSWERgBgThegBillgofgRightsgrefe
rsgto:
a) theginalienablegrightsgfoundgatgthegbeginninggofgthegConstitution
b) thegfirstgtengamendmentsgtogthegConstitution
c) angexplicitgenumerationgofgindividualgrightsgcontainedgingthegoriginalgtextgofgth
egConstitution.
d) agcollectiongofgindividualgrightsgestablishedgbygthegUnitedgStatesgSupremegCou
rtgbrieflygaftergthegConstitutiongwasgratifiedgbygthegvariousgstatesg-gANSWERgB
Fiedlergsuggestsgthatgallgofgthegfollowinggdeterminegwhethergagtask-
gorgrelationship-orientedgstylegisgmoregeffectivegexcept:
a) Situationalgfavorableness
b) Leader-membergrelations
c) Taskgstructure
d) Positiong powerg -g ANSWERg A
Whichgonegofgthegfollowinggstatementsgisgcorrectggivengthegfollowinggexchangegrates?
USg$gperg1gforeigngunitgCount
rygFRIgTHU
, SouthgAfricag0.1028g0.1023
Thailandg 0.0284g 0.0286
a) OngThursday,gonegU.S.gdollargwasgequalgtog0.1023gSouthgAfricangrand.
b) OngFriday,gonegThaigbahtgwasgequalgtog$35.21.
c) ThegSouthgAfricangrandgandgthegThaigbahtgbothgappreciatedgagainstgthegU.S.gdoll
argfromgThursdaygtogFriday.
d) ThegSouthgAfricangrandgappreciatedgfromgThursdaygtogFridaygagainstgthegU.S.gdollar.
e) ThegU.S.gdollargdepreciatedgfromgThursdaygtogFridaygagainstgthegThaigbaht.-
gANSWERgD
Familygbrandinggrefersgtogaggroupgof
a) similargbrandsgofgproductsgfromgdifferentgmakers
b) variousgproductsgfromgdifferentgmanufacturersgingthegsamegindustry
c) multiplegproductsgsoldgundergonegbrandgname
d) comparablegproductsgfromgsmall,gfamily-ownedgcompaniesg-gANSWERgC
Thegnetgpresentgvaluegofgagprojectgisgzero.gWhichgofgthegfollowinggbestgdescribesgsuchg
agproject?
a) Thegprojectghasgagzerogpercentgrategofgreturn.
b) Thegprojectgrequiresgnoginitialgcashginvestment.
c) Theregaregnogcashgflowsggeneratedgforgthegproject.
d) Allgthegcashginflowsgaddedgtogallgofgthegcashgoutflowsgaregequalgtogzero.
e) Cashginflowsgofgthegprojectgoffsetgitsgcashgoutflowsgingcurrentgdollargtermsg-
gANSWERgE
Ingdetermininggwhethergorgnotgagcompanyghasgsufficientgcashgtogmeetgitsgbills,gitgwillgmost
WhichgofgthegfollowinggisgangappropriategFederalgReservegactiongtogstimulategthegUnitedgSt
atesgeconomy?
a) Salegofggovernmentgbondsgingthegopengmarket
b) Raisinggthegdiscountgrate
c) Loweringgthegreservegrequirement
d) Taxgcutsg-gANSWERgC
GeneralgBikesgisgconsideringgwhatgmarketinggresearchgoptionsgtogutilize.gThegtradition
algperson-to-
persongmethodsghavegbeengworkinggwell;ghowever,gthegnewgdirectorgofgmarketgresearc
hgisgpushinggforgonline-
basedgresearch.gWhatgargumentgforgthisgmethodgmightghe/sheguse?
a) Consumersgaregmoregrelaxedgatghomegingfrontgofgtheirgcomputers,gthereforegitgisgmo
reglikelygthegresponsesgwillgbegtruthful
b) Onlinegresearchghasgbeengstandardizedgforgeachgindustry,gmakinggitgeasiergt
ogunderstandgthem
c) Agwell-designed,gInternet-
basedgmarketinggresearchgprojectgcangcostglessgandgyieldginformationgfastergthangof
flinegresearch
d) Person-to-
persongmethodsgmostgoftengincorporategresearchergbiasgintogthegsurveysgandgobserv
ationsg-gANSWERgC
Agsmallgnumbergofgpeoplegwithgcomplementarygskillsgwhogaregcommittedgtogagcommon
gpurpose,gagsetgofgperformanceggoals,gandgangapproachgforgwhichgtheygholdgthemselve
sgmutuallygaccountablegisgknowngasga
a) committee
b) taskgforce
c) group
d) teamg-gANSWERgD
,Agfirmgisgthinkinggofgmanufacturinggagproductgtogsellgingagnewgmarket.gThegfixedgcost
sgneededgtogmakegandgdelivergthegproductgareg$50,000.gLaborgandgmaterialgcostsgar
egexpectedgtogbegaboutg$25.00gpergproduct.gIfgthegproductgsellsgforg$35.00geach,gthegfi
rm'sgbreak-evengvolumegwouldgbe:
a) 50,000gunits
b) 5,000gunits
c) 2500gunits
d) 500gunitsg-gANSWERgB
Agproblemgassociatedgwithgequitygtheorygisgthat:
a) itgfocusesgongprovidinggincentivesgforgtheglonggrungwhengmostgworkersgaregmain
lygconcernedgwithgincentivesgthatgapplygtogtheirgcurrentgsituation
b) managersghavegaghardgtimegapplyinggitgtogreal-
worldgsituationsgbecausegofgitsgabstractgnature
c) workergmotivationgisgbasedgongperceptionsgofgfairness,gandgthegperceptionsgworker
sghavegaboutgtheirgcontributionsgaregnotgalwaysgaccurate
d) itgisgconcernedgwithgthegnaturegofgthegjobgitselfgrathergthangwithgwhatgmotivatesgt
hegworkersgwhogperformgthegjobg-gANSWERgC
Allgofgthegfinancialgstatementsgaregforgagperiodgofgtimegexceptgthe
a) Incomegstatement
b) Owner'sgequitygstatement
c) Balancegsheet
d) Statementg ofg cashg flowsg -g ANSWERg C
Thegmaingdifferencegbetweengvariablegcostinggandgabsorptiongcostinggrelatesgtogwhet
her:
a) variablegmanufacturinggcostsg aregproductgcosts
b) fixedgmanufacturinggcostsgaregproductgcosts
c) fixedgmanufacturinggcostsgandgfixedgsellinggandgadministrativegcostsgaregproduc
tgcosts
d) noneg ofg these.g -g ANSWERg B
,Bygassemblinggcomputersgonlygaftergcustomersghavegpaidgthemgfor,gresultinggingaglowergfin
ishedggoodsginventory,gDellgComputergCo.gachieved:
a) Increasedgquality
b) Agcompetitivegadvantage
c) Increasedgresponsiveness
d) Increasedginnovation
e) Nonegofgthegaboveg-
gANSWERgBgThegBillgofgRightsgrefe
rsgto:
a) theginalienablegrightsgfoundgatgthegbeginninggofgthegConstitution
b) thegfirstgtengamendmentsgtogthegConstitution
c) angexplicitgenumerationgofgindividualgrightsgcontainedgingthegoriginalgtextgofgth
egConstitution.
d) agcollectiongofgindividualgrightsgestablishedgbygthegUnitedgStatesgSupremegCou
rtgbrieflygaftergthegConstitutiongwasgratifiedgbygthegvariousgstatesg-gANSWERgB
Fiedlergsuggestsgthatgallgofgthegfollowinggdeterminegwhethergagtask-
gorgrelationship-orientedgstylegisgmoregeffectivegexcept:
a) Situationalgfavorableness
b) Leader-membergrelations
c) Taskgstructure
d) Positiong powerg -g ANSWERg A
Whichgonegofgthegfollowinggstatementsgisgcorrectggivengthegfollowinggexchangegrates?
USg$gperg1gforeigngunitgCount
rygFRIgTHU
, SouthgAfricag0.1028g0.1023
Thailandg 0.0284g 0.0286
a) OngThursday,gonegU.S.gdollargwasgequalgtog0.1023gSouthgAfricangrand.
b) OngFriday,gonegThaigbahtgwasgequalgtog$35.21.
c) ThegSouthgAfricangrandgandgthegThaigbahtgbothgappreciatedgagainstgthegU.S.gdoll
argfromgThursdaygtogFriday.
d) ThegSouthgAfricangrandgappreciatedgfromgThursdaygtogFridaygagainstgthegU.S.gdollar.
e) ThegU.S.gdollargdepreciatedgfromgThursdaygtogFridaygagainstgthegThaigbaht.-
gANSWERgD
Familygbrandinggrefersgtogaggroupgof
a) similargbrandsgofgproductsgfromgdifferentgmakers
b) variousgproductsgfromgdifferentgmanufacturersgingthegsamegindustry
c) multiplegproductsgsoldgundergonegbrandgname
d) comparablegproductsgfromgsmall,gfamily-ownedgcompaniesg-gANSWERgC
Thegnetgpresentgvaluegofgagprojectgisgzero.gWhichgofgthegfollowinggbestgdescribesgsuchg
agproject?
a) Thegprojectghasgagzerogpercentgrategofgreturn.
b) Thegprojectgrequiresgnoginitialgcashginvestment.
c) Theregaregnogcashgflowsggeneratedgforgthegproject.
d) Allgthegcashginflowsgaddedgtogallgofgthegcashgoutflowsgaregequalgtogzero.
e) Cashginflowsgofgthegprojectgoffsetgitsgcashgoutflowsgingcurrentgdollargtermsg-
gANSWERgE
Ingdetermininggwhethergorgnotgagcompanyghasgsufficientgcashgtogmeetgitsgbills,gitgwillgmost
