ETS
MAJOR FIELD TEST IN BUSINESS AXTUAL
EXAM Q&A TESTED AND APPROVED!!!
A group that develops naturally as a result of employees' interaction within an organization is
referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group -- ANSWER--a) an informal group
When employees use email, word processors, electronic scheduling / calendars, they are
using which of the following?
a) Transaction processing systems
b) Process control systems
c) Office automation systems
d) Decision support systems -- ANSWER--c) Office automation systems
A standard procedure for numerically measuring a project's progress, forecasting its
completion date and cost and providing measures of schedule and budget variation as
activities are completed is referred to as
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,a) program evaluation and review technique (PERT)
b) the critical path method (CPM)
c) a Gantt chart
d) earned value analysis (EVA) -- ANSWER--d) earned value analysis (EVA)
High product differentiation is generally accompanied by
a) higher market share
b) decreased emphasis on competition based on price
c) higher profit margins and lower costs
d) significant economies of scale -- ANSWER--b) decreased emphasis on competition
based on price
The essence of common law is:
a) its prospective nature.
b) the concept of stare decisis
c) its flexibility
d) the plain meaning doctrine -- ANSWER--b) the concept of stare decisis
The Organization of the Petroleum Exporting Countries (OPEC) reduces production by 10
percent, and the growth rate of the world economy begins to escalate. How will the
simultaneous occurrence of these events affect the equilibrium price and quantity in the world
petroleum market?
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,a) Price will increase, but quantity will remain unchanged
b) Price will increase, but quantity is indeterminate
c) Quantity will increase, but price is indeterminate
d) Both price and quantity will increase -- ANSWER--b) Price will increase, but quantity
is indeterminate
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 the
a) return on the company's bonds
b) return on the market portfolio
c) change in the gross domestic product
d) change in the consumer price index -- ANSWER--b) return on the market portfolio
If the spread between the spot and forward exchange rates of two currencies equals the
interest rate difference between the two countries, this phenomenon is referred to as
a) purchasing-power equality
b) commodity arbitrage
c) currency hedging
d) interest-rate parity -- ANSWER--d) interest-rate parity
A sample of assistant professors on the business faculty at state supported institutions in Ohio
revealed the mean income to be $32,000 for 9 months with a standard deviation of $3,000.
Using Chebyshev's Theorem, what proportion of the faculty earns more than $26,000 but less
than $38,000?
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, a) At least 50%
b) At least 25%
c) At least 75%
d) At least 100% -- ANSWER--c) At least 75%
When a domestic firm permits a foreign company to manufacture and sell its product in
exchange for a fee or royalty, the process is termed
a) importing
b) exporting
c) licensing
d) countertrading -- ANSWER--c) licensing
In project management the term slack refers to the:
a) amount of time to complete an activity without delaying the project
b) amount of time an activity can be delayed without delaying the project
c) amount of time needed to complete the entire project
d) amount of time required to complete the project's critical activities -- ANSWER--b)
amount of time an activity can be delayed without delaying the project
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MAJOR FIELD TEST IN BUSINESS AXTUAL
EXAM Q&A TESTED AND APPROVED!!!
A group that develops naturally as a result of employees' interaction within an organization is
referred to as
a) an informal group
b) a formal group
c) a work-team group
d) a formation group -- ANSWER--a) an informal group
When employees use email, word processors, electronic scheduling / calendars, they are
using which of the following?
a) Transaction processing systems
b) Process control systems
c) Office automation systems
d) Decision support systems -- ANSWER--c) Office automation systems
A standard procedure for numerically measuring a project's progress, forecasting its
completion date and cost and providing measures of schedule and budget variation as
activities are completed is referred to as
Page 1 of 123
,a) program evaluation and review technique (PERT)
b) the critical path method (CPM)
c) a Gantt chart
d) earned value analysis (EVA) -- ANSWER--d) earned value analysis (EVA)
High product differentiation is generally accompanied by
a) higher market share
b) decreased emphasis on competition based on price
c) higher profit margins and lower costs
d) significant economies of scale -- ANSWER--b) decreased emphasis on competition
based on price
The essence of common law is:
a) its prospective nature.
b) the concept of stare decisis
c) its flexibility
d) the plain meaning doctrine -- ANSWER--b) the concept of stare decisis
The Organization of the Petroleum Exporting Countries (OPEC) reduces production by 10
percent, and the growth rate of the world economy begins to escalate. How will the
simultaneous occurrence of these events affect the equilibrium price and quantity in the world
petroleum market?
Page 2 of 123
,a) Price will increase, but quantity will remain unchanged
b) Price will increase, but quantity is indeterminate
c) Quantity will increase, but price is indeterminate
d) Both price and quantity will increase -- ANSWER--b) Price will increase, but quantity
is indeterminate
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 the
a) return on the company's bonds
b) return on the market portfolio
c) change in the gross domestic product
d) change in the consumer price index -- ANSWER--b) return on the market portfolio
If the spread between the spot and forward exchange rates of two currencies equals the
interest rate difference between the two countries, this phenomenon is referred to as
a) purchasing-power equality
b) commodity arbitrage
c) currency hedging
d) interest-rate parity -- ANSWER--d) interest-rate parity
A sample of assistant professors on the business faculty at state supported institutions in Ohio
revealed the mean income to be $32,000 for 9 months with a standard deviation of $3,000.
Using Chebyshev's Theorem, what proportion of the faculty earns more than $26,000 but less
than $38,000?
Page 3 of 123
, a) At least 50%
b) At least 25%
c) At least 75%
d) At least 100% -- ANSWER--c) At least 75%
When a domestic firm permits a foreign company to manufacture and sell its product in
exchange for a fee or royalty, the process is termed
a) importing
b) exporting
c) licensing
d) countertrading -- ANSWER--c) licensing
In project management the term slack refers to the:
a) amount of time to complete an activity without delaying the project
b) amount of time an activity can be delayed without delaying the project
c) amount of time needed to complete the entire project
d) amount of time required to complete the project's critical activities -- ANSWER--b)
amount of time an activity can be delayed without delaying the project
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