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2022 Boost your salary .... Master of business administration MBA professional exam questions and answers
Master of business administration MBA exam questions and answers
Boost your salary .... Master of business administration MBA professional exam questions and answers.
A Master of Business Administration (MBA; also Master's in Business Administration) is a graduate degree focusing on business administration, investment management, healthcare administration and psychology. The core courses in an MBA program cover various areas of business administration such as accounting, healthcare, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, psychology, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.
Most programs also include elective courses and concentrations for further study in a particular area, for example, accounting, finance, marketing, and human resources. MBA programs in the United States typically require completing about forty to sixty credits (sixty to ninety in a quarter system), much higher than the thirty credits (thirty-six to forty-five in a quarter system) typically required for degrees that cover some of the same material such as the Master of Economics, Master of Finance, Master of Accountancy, Master of Science in Marketing and Master of Science in Management.
The MBA is a terminal degree and a professional degree. Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive (abridged coursework typically occurring on nights or weekends) and distance learning students, many with specialized concentrations.
The "Executive MBA", or EMBA, is a degree program similar to a MBA program, but is specifically structured for and targeted towards corporate executives and senior managers who are already in the workforce.
The Major Field Test for Master of Business Administration (MFT-MBA) contains 124 multiple-choice questions, half of which are based on short case-study scenarios. Programs can choose when and where to administer the test. The test, which must be given by a proctor, is designed to take three hours and may be split into two sessions. Mathematical operations do not require the use of a calculator. Most of the questions require knowledge of specific information drawn from four content areas: marketing, management, finance and managerial accounting. Some questions require strategic integration skills — the ability to integrate knowledge of two or more content areas. The test also includes questions that focus on: international business, information technology, the legal and regulatory environment, business ethics and social responsibility, quantitative analysis, and managerial economics. A unique feature of MFT-MBA design is the capability of measuring critical thinking ability — that is, the test assesses the ability to: • analyze and interpret data • apply concepts and ideas • analyze theories and relationships deductively and inductively The overall scaled score measures critical thinking and reasoning within the domain of a standard MBA curriculum. While MBA curricula encompass many subfields and specialties, the MFT-MBA examination is designed to assess skills and subject matter common to most programs. The distribution of the content areas and a list of the topics covered are as follows
Test Outline (4NMF) Copyright © 2017 by Educational Testing Service. All rights reserved. ETS, the ETS logo and MEASURING THE POWER OF LEARNING are registered trademarks of Educational Testing Service (ETS). 37875 I. Marketing (25%) A. Strategic Marketing 1. Metrics and Control Mechanisms 2. Environment Scanning and Marketing Planning 3. Innovation B. Buyer Behavior 1. Consumer and Business Purchasing Processes 2. Factors Influencing Consumer and Business Purchasing 3. Segmentation C. Market Research 1. Competitive Intelligence 2. Research Process, Concepts and Tools 3. Managerial Decision Making D. Marketing Planning: Target Segments and Marketing Mix 1. Specifying Target Markets 2. Pricing 3. Products/Services 4. Promotion 5. Channels & Distribution/Supply Chain II. Management (25%) A. Organizational Behavior 1. Leadership 2. Teams 3. Conflict 4. Negotiation 5. Motivation B. Human Resource Management 1. Recruiting and Selection 2. Compensation 3. Employment Planning 4. Training and Development C. Organizational Theory 1. Organizational Change & Development 2. Organizational Structure Design 3. Systems Thinking 4. Entrepreneurship/Small Business Management
D. Operations Planning/Management Science 1. Quantitative Decision Making Models 2. Quality/Process Management 3. Supply Chain Logistics 4. Planning 5. Control 6. Service Management III. Finance (25%) A. Corporate Finance 1. Capital Budgeting 2. Cost of Capital 3. Capital Structure 4. Dividend Policy 5. Working Capital Management 6. International Finance B. Investments 1. Financing Instruments 2. Risk and Return 3. Securities Valuation and Analysis 4. Options, Futures and Other Derivatives C. Financial Markets and Institutions 1. Capital Markets 2. Money Market 3. Market Efficiency 4. Investment Banking
IV. Accounting (25%) A. Relevant Cost 1. Theory of Constraints 2. Special Order 3. Make or Buy 4. Transfer Pricing 5. Sell or Process Further B. Resource Planning and Analysis 1. Forecasting 2. Cash Budgeting 3. Variance Analysis C. Cost-Volume-Profit Analysis 1. Cost Behavior 2. Break-Even Analysis 3. Target Profit D. Product Costing 1. Absorption vs. Variable 2. Activity-based 3. Process vs. Job Order 4. Byproduct E. Financial Reporting and Analysis 1. Financial Statements 2. Financial Ratios 3. Regulatory Environment