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ETS MFT Business Exam Version 2 Newest 2025/2026
Complete All Questions And 100%Correct Detailed
Answers (Verified And Graded A+)|Brand New Version!
In a period of rising prices, which inventory valuation
method would generally yield both the lowest ending
inventory value and net income figure?
a. FIFO (First In, First Out)
b. LIFO (Last In, First Out)
c. Weighted Average
d. Standard Cost - ANSWER-b. LIFO
(method used to account for inventory. cost of the most
recent products purchased (or produced) are the first to be
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expensed as cost of goods sold (COGS), which means the
lower cost of older products will be reported as inventory)
In a large firm, the pool of applicants for the positions of
sales manager and sales associate consists of 3 men and
3 women. If each candidate has an equal chance of being
selected, what is the probability that both positions will be
filled by men?
a. .20
b. .25
c. .33
d. .50 - ANSWER-a. .20
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In marketing research, a firm might consider using
secondary data because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated - ANSWER-a.
Secondary data costs less
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
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c. restructuring of outstanding loans
d. compliance with federal regulations - ANSWER-a.
Enforcement of internal policies
The term "net working capital" refer to:
a. inventories, receivables and current notes &
investments
b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold
(COGS) - ANSWER-c. current assets less (-) short term
liabilities
ETS MFT Business Exam Version 2 Newest 2025/2026
Complete All Questions And 100%Correct Detailed
Answers (Verified And Graded A+)|Brand New Version!
In a period of rising prices, which inventory valuation
method would generally yield both the lowest ending
inventory value and net income figure?
a. FIFO (First In, First Out)
b. LIFO (Last In, First Out)
c. Weighted Average
d. Standard Cost - ANSWER-b. LIFO
(method used to account for inventory. cost of the most
recent products purchased (or produced) are the first to be
,2|Page
expensed as cost of goods sold (COGS), which means the
lower cost of older products will be reported as inventory)
In a large firm, the pool of applicants for the positions of
sales manager and sales associate consists of 3 men and
3 women. If each candidate has an equal chance of being
selected, what is the probability that both positions will be
filled by men?
a. .20
b. .25
c. .33
d. .50 - ANSWER-a. .20
,3|Page
In marketing research, a firm might consider using
secondary data because?
a. secondary data costs less
b. secondary data is more accurate
c. primary data are not specific
d. primary data are likely outdated - ANSWER-a.
Secondary data costs less
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
, 4|Page
c. restructuring of outstanding loans
d. compliance with federal regulations - ANSWER-a.
Enforcement of internal policies
The term "net working capital" refer to:
a. inventories, receivables and current notes &
investments
b. assets divided by liabilities
c. current assets less (-) short term liabilities
d. net assets left over after subtracting cost of goods sold
(COGS) - ANSWER-c. current assets less (-) short term
liabilities
