TAILIEUCHUNG - MAJOR FIELD TEST IN BUSINESS SAMPLE QUESTIONS

Back up your data on each computer used in your business. Your data includes (but is not limited to) word processing documents, electronic spreadsheets, databases, financial files, human resources files, accounts receivable/payable files, and other information used in or generated by your business. It is necessary to back up your data because computers die, hard disks fail, employees make mistakes, and malicious programs can destroy data on computers. Without data backups, you can easily get into a situation where you have to recreate your business data from paper copies and other manual files. . | MAJOR FIELD TEST IN BUSINESS SAMPLE QUESTIONS The following questions illustrate the range of the test in terms of the abilities measured the disciplines covered and the difficulty of the questions posed. They should not however be considered representative of the entire scope of the test in either content or difficulty. An answer key follows the questions. 1. In marketing research a firm might consider using secondary data over primary data because A secondary data usually cost less B secondary data are usually more accurate C primary data are usually non specific D primary data are likely to be outdated 2. 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 3. The term net working capital refers to A inventories receivables and current notes and investments B assets divided by liabilities C current assets less short-term liabilities D net assets left over after subtracting cost of goods sold Questions 4-5 are based on the following information. direct production labor is paid 4 per hour. Fixed supervisory costs are 2 000 per month and Dreamland rents its factory on a five-year lease for 4 000 per month. All costs are considered costs of production. 4. How many pillows must Dreamland produce and sell each month to earn a monthly gross profit of 1 000 A 300 b 350 C 600 D 700 5. Another firm has offered to produce Old Softy pillows and sell them to Dreamland for 12 each. Dreamland cannot avoid the factory lease payments but can avoid all labor costs if it does not produce these pillows. Under these conditions how many Old Softy pillows must Dreamland sell to earn monthly gross profits of 1 000 A 417 B 500 C 625 d 875 Dreamland Pillow Company sells the Old Softy model for 20 each. One pillow requires two pounds of raw material and one hour of direct labor to manufacture. Raw .

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