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ETS MFT Business Exam: Ultimate Study Guide & Practice Tests (2024)

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Ace the ETS Major Field Test for Business with this comprehensive 2024 guide. Get a detailed overview of the test format, key content areas (Marketing, Finance, Management, etc.), proven test-taking strategies, and access to sample questions to boost your score.

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ETS MFT BUSINESS NEWEST EXAM WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS|ALREADY GRADED A+/100%
GUARANTEED TO PASS CONCEPTS




The principal difference between variable costing and
absorption costing centers on:


a) whether variable manufacturing costs should be
included as product costs


b) whether fixed manufacturing costs should be included
as product costs


c) whether fixed manufacturing costs and fixed selling
and administrative costs should be included as product
costs


d) none of these. - ....ANSWER ....✔✔ B


General Bikes is debating which marketing research
options to employ. The traditional person-to-person

,2|Page



methods have been effective; however, the new director
of market research is campaigning for online-based
research. What argument for this method might he/she
use?


a) Consumers are more relaxed at home in front of their
computers, therefore it is more likely the responses will
be truthful


b) Online research has been standardized for each
industry, making it easier to understand them


c) A well-designed, Internet-based marketing research
project can cost less and yield information faster than
offline research


d) Person-to-person methods most often incorporate
researcher bias into the surveys and observations -
....ANSWER ....✔✔ C


Which of the following is an appropriate Federal
Reserve action to stimulate the United States economy?


a) Selling government bonds on the open market

,3|Page



b) Increasing the discount rate


c) Reducing the reserve requirement


d) Cutting taxes - ....ANSWER ....✔✔ C


A small number of people with complementary skills who
are committed to a common purpose, a set of
performance goals, and an approach for which they
hold themselves mutually accountable is referred to as a


a) committee


b) task force


c) group


d) team - ....ANSWER ....✔✔ D


A company is considering producing a product for a
new market. The fixed costs required for manufacturing
and delivering the product is $50,000. Labor and
material costs are estimated to be approximately

, 4|Page



$25.00 per product. If the product is sold for $35.00
each, the firm's break-even volume would be:


a) 50,000 units


b) 5,000 units


c) 2500 units


d) 500 units - ....ANSWER ....✔✔ B


A problem associated with equity theory is that:


a) it focuses on providing incentives for the long run
when most workers are mainly concerned with incentives
that apply to their current situation


b) managers have a hard time applying it to real-world
situations because of its abstract nature


c) worker motivation is based on perceptions of fairness,
and the perceptions workers have about their
contributions are not always accurate

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