Questions and answers for exam Preparation

MCQs

Total Questions : 932 | Page 88 of 94 pages

Question 871. What refers to the present worth of cost associated with an asset for an infinite period of time ?

Annual cost
Increment cost
Capitalized cost
Operating cost

Discuss Question

Answer: Option C. -> Capitalized cost
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 872. What method is often used in municipal project evaluations where benefits and costs accrue to different segments of the community ?

Annual cost method
Benefit-cost ratio
Rate of return method
EUAC

Discuss Question

Answer: Option B. -> Benefit-cost ratio
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 873. What refers to an imaginary cost representing what will not be received if a particular strategy is rejected ?

Opportunity cost
Ghost cost
Horizon cost
Null cost

Discuss Question

Answer: Option A. -> Opportunity cost
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 874. What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry ?

Unstable economy
Rate of interest cannot be exactly determined
The initial deprecation is high
The initial depreciation is low

Discuss Question

Answer: Option D. -> The initial depreciation is low
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 875. What is the factor name of the formula (1+i)^-n ?

Uniform gradient future worth
Capital recovery
Single payment present worth
Single payment compound amount

Discuss Question

Answer: Option C. -> Single payment present worth
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 876. Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ?

Corporation
Property
Partnership
Organization

Discuss Question

Answer: Option A. -> Corporation
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 877. What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1] ?

Uniform series sinking fund
Capital recovery
Single payment present worth
Uniform gradient future worth

Discuss Question

Answer: Option B. -> Capital recovery
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 878. A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?

Sole proprietorship
Entrepreneurship
Partnership
Corporation

Discuss Question

Answer: Option A. -> Sole proprietorship
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 879. What is the simplest form of business organization ?

Sole proprietorship
Partnership
Enterprise
Corporation

Discuss Question

Answer: Option A. -> Sole proprietorship
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 880. In case of bankruptcy of a partnership________________?

The partners are not liable for the liabilities of the partnership
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners personal assets are attached to the debt of the partnership
The partners nay sell stock to generate additional capital

Discuss Question

Answer: Option B. -> The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!