ETS MFT BUSINESS EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 230 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.pdf

ETS MFT BUSINESS EXAM | NEWEST n n n n n




ACTUAL EXAM COMPREHENSIVE QUESTIO n n n




NS AND VERIFIED ANSWERS GRADED A+ | 1
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00% PASS | 2025 UPDATE! n n n n




In general, the
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difficult it is for an organization to enter an i n n n n n n n n n



ndustry as a new competitor, the
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are the barriers to entry to this industry n n n n n n n




a) Less; lower n




b) More; lower n




c) More; higher n




d) Less; higher - ✔✔✔ Correct Answer > C
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A department manager telephoned two managers in other departments
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to discuss a cost savings idea that would benefit their departments as w
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ell as her own. Which of the following most accurately defines the comm
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unication channel that the manager was using?
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,a) Upward


b) Lateral


c) Downward


d) Hierarchical. - ✔✔✔ Correct Answer > B n n n n n n




An open access good (or common property good), such as a fishery:
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a) Is rival but not excludable
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b) Is both rival and excludable
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c) Is neither rival nor excludable
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d) Is not rival but is excludable - ✔✔✔ Correct Answer > A
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Marketers must constantly monitor their competitors' products, prices,
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distribution, and promotional efforts because the:
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a) competitors may be violating the truth-in-advertising laws
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,b) actions of competitors may threaten the firm's monopoly position
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c) actions of competitors may create an oligopoly within an industry
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d) new product offerings by a competitor may require adjustments to o
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ne or more components of the firm's marketing mix -
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n✔✔✔ Correct Answer > D n n n n




A differentiation strategy enables a business to address the five competit
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ive forces by
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a) lessening competitive rivalry by distinguishing itself
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b) having brand-loyal customers become more sensitive to prices
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c) increasing economies of scale n n n




d) serving a broader market segment - ✔✔✔ Correct Answer > A
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Only one of the following statements is false at the long-
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run equilibrium for a firm in a monopolistically competitive industry. Whi
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ch one is false?
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, a) Price equals Average Total Cost, like a competitive firm
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b) Price exceeds marginal cost, like a monopolist
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c) Firms make zero economic profit, like a competitive firm
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d) Firms produce at the bottom of the ATC curve, like a competitive fi
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rm - ✔✔✔ Correct Answer > D
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Dreamland Pillow Company sells the "Old Softy" model for $20 each. One
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pillow requires two pounds of raw material and one hour of direct labor t
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o manufacture. Raw material costs $3 per pound and direct production la
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bor is paid $4 per hour. Fixed supervisory costs are $2,000 per month and
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Dreamland rents its factory on a five-year lease forn n n n n n n n



$4,000 per month. All costs are considered costs of production.
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Another firm has offered to produce "Old Softy" and sell them to Dreaml
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and for $12 each. Dreamland cannot avoid the factory lease payments, b
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ut can avoid all labor costs if it does not produce these pillows. Under the
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se conditions, how many "Old Softy" pillows must Dreamland sell to earn
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monthly gross profits of $1,000?
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a) 417