MINDPLUG ACADEMIC SOLUTIONS | VERIFIED EXAM GUIDES 2025
ETS Major Field Test in Business (Bachelor’s
Level, 2025 Edition) – Complete Verified
Practice Questions & 100% Correct Answers
| Accurate Study Guide
In the calculation of the arithmetic mean for grouped data, which value is used to represent all the
values in a particular class?
a) The upper limit of the class
b) The lower limit of the class
c) The frequency of the class
d) The cumulative frequency preceding the class
e) The class midpoint
e) The class midpoint
Which of the following statements about the tort of negligence is true?
a) It cannot be used as a basis for liability for defective products.
b) It is a strict liability tort with no defenses.
c) It requires proof of some intentional conduct.
d) It requires proof of breach of a statutory or common-law duty.
d) It requires proof of breach of a statutory or common-law duty.
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
,MINDPLUG ACADEMIC SOLUTIONS | VERIFIED EXAM GUIDES 2025
Long-term plans focusing on those organizational objectives that will significantly affect the firm for five
or more years are usually referred to as _____ plans.
a) strategic
b) marketing
c) economic
d) Tactical
a) strategic
The CEO reviews the performance of her company in the past month's Profit & Loss Statement to
determine if the company is "on track" in terms of its sales and profitability goals. This CEO is engaged in
which function?
a) Planning
b) Organizing
c) Demonstrating
d) Controlling
e) Leading
d) Controlling
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
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
,MINDPLUG ACADEMIC SOLUTIONS | VERIFIED EXAM GUIDES 2025
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
a) increase government spending
In ___________, provincial governments play a substantial role in trade and investment regulation
a) China
b) Norway
c) Indonesia
d) Canada
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
a) Social networking sites
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
, MINDPLUG ACADEMIC SOLUTIONS | VERIFIED EXAM GUIDES 2025
Business torts consist of:
a) interference with contractual relations.
b) disparagement.
c) fraudulent misrepresentation
d) All of the above
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
a) fiduciary duty
Which of the following is not part of the accounting process?
a) Recording
b) Identifying
c) Financial decision making
d) Communicating
c) Financial decision making
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
ETS Major Field Test in Business (Bachelor’s
Level, 2025 Edition) – Complete Verified
Practice Questions & 100% Correct Answers
| Accurate Study Guide
In the calculation of the arithmetic mean for grouped data, which value is used to represent all the
values in a particular class?
a) The upper limit of the class
b) The lower limit of the class
c) The frequency of the class
d) The cumulative frequency preceding the class
e) The class midpoint
e) The class midpoint
Which of the following statements about the tort of negligence is true?
a) It cannot be used as a basis for liability for defective products.
b) It is a strict liability tort with no defenses.
c) It requires proof of some intentional conduct.
d) It requires proof of breach of a statutory or common-law duty.
d) It requires proof of breach of a statutory or common-law duty.
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
,MINDPLUG ACADEMIC SOLUTIONS | VERIFIED EXAM GUIDES 2025
Long-term plans focusing on those organizational objectives that will significantly affect the firm for five
or more years are usually referred to as _____ plans.
a) strategic
b) marketing
c) economic
d) Tactical
a) strategic
The CEO reviews the performance of her company in the past month's Profit & Loss Statement to
determine if the company is "on track" in terms of its sales and profitability goals. This CEO is engaged in
which function?
a) Planning
b) Organizing
c) Demonstrating
d) Controlling
e) Leading
d) Controlling
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
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
,MINDPLUG ACADEMIC SOLUTIONS | VERIFIED EXAM GUIDES 2025
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
a) increase government spending
In ___________, provincial governments play a substantial role in trade and investment regulation
a) China
b) Norway
c) Indonesia
d) Canada
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
a) Social networking sites
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
, MINDPLUG ACADEMIC SOLUTIONS | VERIFIED EXAM GUIDES 2025
Business torts consist of:
a) interference with contractual relations.
b) disparagement.
c) fraudulent misrepresentation
d) All of the above
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
a) fiduciary duty
Which of the following is not part of the accounting process?
a) Recording
b) Identifying
c) Financial decision making
d) Communicating
c) Financial decision making
MINDPLUG ACADEMIC SOLUTIONS – TURNING STUDY INTO STRATEGY
