ETS Major Field Test (Practice Test): Bachelor's Degree
in Business Exam Questions And Answers Verified 100%
Correct
The longest path through the network, in terms of time, is referred to as the
a) activity-on-node path
b) path of greatest slack
c) critical path
d) scheduling path - ANSWER c) critical path
In an economy the unemployment rate is 10 percent and the inflation rate is 1 percent.
An
appropriate fiscal policy in this phase of the business cycle would be to
a) increase government spending
b) increase income taxes
c) decrease transfer payments
d) decrease the money supply - ANSWER a) increase government spending
In ___________, provincial governments play a substantial role in trade and investment
regulation
a) China
b) Norway
c) Indonesia
d) Canada - ANSWER d) Canada
Web 2.0 is best represented by which of the following phenomena?
a) Social networking sites
b) Word processing
c) Internet browsers
d) Text messaging - ANSWER a) Social networking sites
Business torts consist of:
a) interference with contractual relations.
b) disparagement.
c) fraudulent misrepresentation
,d) All of the above - ANSWER d) All of the above
Officers and directors of a corporation owe to the corporation the subordination of their
self-interest to the interest of the corporation and owe constant loyalty to the
corporation. This duty is the:
a) fiduciary duty
b) business judgment duty
c) duty of indemnification
d) duty of diligence - ANSWER a) fiduciary duty
Which of the following is not part of the accounting process?
a) Recording
b) Identifying
c) Financial decision making
d) Communicating - ANSWER c) Financial decision making
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
Money is the key motivator in
a) Herzberg's motivation-hygiene theory
b) Maslow's hierarchy of needs
c) McGregor's Theory X and Theory Y
d) Taylor's scientific management - ANSWER d) Taylor's scientific management
The incomes of a group of 50 loan applicants are obtained. Which level of measurement
is income?
a) Nominal
b) Ordinal
c) Interval
d) Ratio
e) None of the above - ANSWER d) Ratio
,Saint Martin Hospital boasts one of the world's leading medical imaging programs. Its
radiology department specializes in the early detection of particularly serious forms of
stomach, intestinal, and colon cancer. The hospital plans to invest in a new system of
digital medical imaging and image transmission technologies that will enable its
radiologists to view and evaluate intestinal scan results from anywhere in the world.
With this investment, the hospital is attempting to overcome which of the constraints of
services
marketing?
a) Inventory
b) Intangibility
c) Inconsistency
d) Inseparability - ANSWER d) Inseparability
The probability that a product will operate properly within an expected time frame is the
dimension of quality known as
a) durability
b) reliability
c) performance
d) serviceability - ANSWER b) reliability
The organizational buying process has more steps than the consumer buying process,
which can be attributed to:
a) the limited number of suppliers in the B2B marketplace
b) the importance of integrating the responsibilities of the wholesalers or retailers
c) interpersonal and environmental influences not seen in consumer buying decisions
d) business purchasing that introduces new complexities that do not affect consumers -
ANSWER d) business purchasing that introduces new complexities that do not affect
consumers
If the Federal Reserve decides to decrease the money supply, which of the following
most likely will occur?
a) An increase in private investment and consumer expenditure
b) A decrease in private investment and consumer expenditure
, c) An increase in private investment and a decrease in consumer expenditure
d) A decrease in private investment and an increase in consumer expenditure -
ANSWER b) A decrease in private investment and consumer expenditure
Which of the following is an assumption of Theory Y as developed by Douglas
McGregor?
a) Workers seek responsibility
b) Workers dislike work
c) Workers prefer direction
d) Workers are interested in monetary gains - ANSWER a) Workers seek responsibility
Natural Monopolies are characterized by...
a) Economies of Scale (Increasing returns to scale)
b) Constant Returns to Scale
c) Diseconomies of Scale (Decreasing returns to scale)
d) Non-existent returns to Scale - ANSWER a) Economies of Scale (Increasing returns
to scale)
A firm that would like to know whether it has enough cash to meet its bills would be
most likely to use which category of financial ratio?
a) Liquidity
b) Leverage
c) Efficiency
d) Profitability - ANSWER a) Liquidity
The economic entity assumption requires that the activities
a) of different entities can be combined if all the entities are corporations
b) must be reported to the Securities and Exchange Commission
c) of a sole proprietorship cannot be distinguished from the personal economic events
of its owners
d) of an entity be kept separate from the activities of its owner - ANSWER d) of an entity
be kept separate from the activities of its owner
Firms engage in international operations because they can benefit from:
in Business Exam Questions And Answers Verified 100%
Correct
The longest path through the network, in terms of time, is referred to as the
a) activity-on-node path
b) path of greatest slack
c) critical path
d) scheduling path - ANSWER c) critical path
In an economy the unemployment rate is 10 percent and the inflation rate is 1 percent.
An
appropriate fiscal policy in this phase of the business cycle would be to
a) increase government spending
b) increase income taxes
c) decrease transfer payments
d) decrease the money supply - ANSWER a) increase government spending
In ___________, provincial governments play a substantial role in trade and investment
regulation
a) China
b) Norway
c) Indonesia
d) Canada - ANSWER d) Canada
Web 2.0 is best represented by which of the following phenomena?
a) Social networking sites
b) Word processing
c) Internet browsers
d) Text messaging - ANSWER a) Social networking sites
Business torts consist of:
a) interference with contractual relations.
b) disparagement.
c) fraudulent misrepresentation
,d) All of the above - ANSWER d) All of the above
Officers and directors of a corporation owe to the corporation the subordination of their
self-interest to the interest of the corporation and owe constant loyalty to the
corporation. This duty is the:
a) fiduciary duty
b) business judgment duty
c) duty of indemnification
d) duty of diligence - ANSWER a) fiduciary duty
Which of the following is not part of the accounting process?
a) Recording
b) Identifying
c) Financial decision making
d) Communicating - ANSWER c) Financial decision making
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
Money is the key motivator in
a) Herzberg's motivation-hygiene theory
b) Maslow's hierarchy of needs
c) McGregor's Theory X and Theory Y
d) Taylor's scientific management - ANSWER d) Taylor's scientific management
The incomes of a group of 50 loan applicants are obtained. Which level of measurement
is income?
a) Nominal
b) Ordinal
c) Interval
d) Ratio
e) None of the above - ANSWER d) Ratio
,Saint Martin Hospital boasts one of the world's leading medical imaging programs. Its
radiology department specializes in the early detection of particularly serious forms of
stomach, intestinal, and colon cancer. The hospital plans to invest in a new system of
digital medical imaging and image transmission technologies that will enable its
radiologists to view and evaluate intestinal scan results from anywhere in the world.
With this investment, the hospital is attempting to overcome which of the constraints of
services
marketing?
a) Inventory
b) Intangibility
c) Inconsistency
d) Inseparability - ANSWER d) Inseparability
The probability that a product will operate properly within an expected time frame is the
dimension of quality known as
a) durability
b) reliability
c) performance
d) serviceability - ANSWER b) reliability
The organizational buying process has more steps than the consumer buying process,
which can be attributed to:
a) the limited number of suppliers in the B2B marketplace
b) the importance of integrating the responsibilities of the wholesalers or retailers
c) interpersonal and environmental influences not seen in consumer buying decisions
d) business purchasing that introduces new complexities that do not affect consumers -
ANSWER d) business purchasing that introduces new complexities that do not affect
consumers
If the Federal Reserve decides to decrease the money supply, which of the following
most likely will occur?
a) An increase in private investment and consumer expenditure
b) A decrease in private investment and consumer expenditure
, c) An increase in private investment and a decrease in consumer expenditure
d) A decrease in private investment and an increase in consumer expenditure -
ANSWER b) A decrease in private investment and consumer expenditure
Which of the following is an assumption of Theory Y as developed by Douglas
McGregor?
a) Workers seek responsibility
b) Workers dislike work
c) Workers prefer direction
d) Workers are interested in monetary gains - ANSWER a) Workers seek responsibility
Natural Monopolies are characterized by...
a) Economies of Scale (Increasing returns to scale)
b) Constant Returns to Scale
c) Diseconomies of Scale (Decreasing returns to scale)
d) Non-existent returns to Scale - ANSWER a) Economies of Scale (Increasing returns
to scale)
A firm that would like to know whether it has enough cash to meet its bills would be
most likely to use which category of financial ratio?
a) Liquidity
b) Leverage
c) Efficiency
d) Profitability - ANSWER a) Liquidity
The economic entity assumption requires that the activities
a) of different entities can be combined if all the entities are corporations
b) must be reported to the Securities and Exchange Commission
c) of a sole proprietorship cannot be distinguished from the personal economic events
of its owners
d) of an entity be kept separate from the activities of its owner - ANSWER d) of an entity
be kept separate from the activities of its owner
Firms engage in international operations because they can benefit from:
