What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country? Company value Franchise value Goodwill value Going value TRUE ANSWER : ? YOUR ANSWER : ?
What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. 0.1961 0.1931 0.1972 0.1944 TRUE ANSWER : ? YOUR ANSWER : ?
What is the market situation exist when there are many buyers and many sellers? Perfect competition Oligopoly Monopoly Oligopsony TRUE ANSWER : ? YOUR ANSWER : ?
What type of bond where the corporation’s owner name are recorded and the interest is paid periodically to the owners with their asking for it? Registered bond Preferred bond Callable bond Incorporators bond TRUE ANSWER : ? YOUR ANSWER : ?
In a cash-flow diagram: A vertical arrow pointing up indicates a positive cash flow Time 0 is considered to be the present Time 1 is considered to be the end of time period 1 All of these TRUE ANSWER : ? YOUR ANSWER : ?
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes? Straight line method Declining balance method Sinking fund method Sum-of-year digit method TRUE ANSWER : ? YOUR ANSWER : ?
Which is NOT an essential element of an ordinary annuity? The first payment is made at the beginning of the first period. Compound interest is paid on all amounts in the annuity. The amounts of all payments are equal. The payments are made at equal interval of time. TRUE ANSWER : ? YOUR ANSWER : ?
The ability to convert assets to cash quickly is known as ______. Liquidity Insolvency Solvency Leverage TRUE ANSWER : ? YOUR ANSWER : ?
What is the simplest form of business organization? Sole proprietorship Partnership Corporation Enterprise TRUE ANSWER : ? YOUR ANSWER : ?
The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______. Currency appreciation Currency devaluation Currency float Currency depreciation TRUE ANSWER : ? YOUR ANSWER : ?