A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ______. Corporation Enterprise Cooperative Partnership TRUE ANSWER : ? YOUR ANSWER : ?
What is the term for an annuity with a fixed time span? Annuity certain Annuity due Perpetuity Ordinary annuity TRUE ANSWER : ? YOUR ANSWER : ?
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected? P 19,518.03 P 19,122.15 P 19,423.69 P 19,624.49 TRUE ANSWER : ? YOUR ANSWER : ?
What is the market situation exist when there are many buyers and many sellers? Oligopoly Oligopsony Perfect competition Monopoly TRUE ANSWER : ? YOUR ANSWER : ?
The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now? 13 months 10 months 12 months 11 months TRUE ANSWER : ? YOUR ANSWER : ?
The owner of the construction company makes use of the estimate: All of these To determine economic feasibility of the project To determine the capital investment costs To assist in financial arrangements TRUE ANSWER : ? YOUR ANSWER : ?
What represents the share of participation in business organizations? Stock Franchise Corporation Partnership TRUE ANSWER : ? YOUR ANSWER : ?
A bond without any security behind them except a promise to pay by the issuing corporation is called ______. Joint bond Trust bond Debenture bond Common bond TRUE ANSWER : ? YOUR ANSWER : ?
What is the basic accounting equation? Owner’s equity = assets + liability Liability = assets + owners’ equity Owner’s equity = liability – assets Assets = liability + owner’s equity TRUE ANSWER : ? YOUR ANSWER : ?
Perfect monopoly exists only if: the single vendor is the only one who has the knowledge of the product the single vendor can prevent the entry of all other vendors in the market the single vendor gets the absolute franchise of the product the single vendor is the only one who has the permit to sell TRUE ANSWER : ? YOUR ANSWER : ?