“Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of supply Law of supply and demand Law of demand Law of diminishing return TRUE ANSWER : ? YOUR ANSWER : ?
What type of bond which can be redeemed before maturity date? Registered bond Callable bond Preferred bond Incorporators bond TRUE ANSWER : ? YOUR ANSWER : ?
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called ______. In-place value Economic life Sunk cost Annuity TRUE ANSWER : ? YOUR ANSWER : ?
The more critical (or severe) test of the firm's liquidity can be judged by: Debts ratio Current ratio Acid-Test (or Quick) ratio Liquidity ratio TRUE ANSWER : ? YOUR ANSWER : ?
Duopoly is a market situation where there is/are: Few sellers and many buyers Many sellers and few buyers Few sellers and few buyers One seller and few buyers TRUE ANSWER : ? YOUR ANSWER : ?
What is considered as the standard unit which forms the basis of a country’s domestic money supply? Foreign exchange Cash or check Currency Monetary unit TRUE ANSWER : ? YOUR ANSWER : ?
Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller. Fixed percentage of gross income or the net taxable income Fixed percentage of gross income or 50% of the net taxable income 50% of the fixed percentage of gross income or the net taxable income 50% of the fixed percentage of gross income or 50% of the net taxable income 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 19,423.69 P 19,518.03 P 19,624.49 P 19,122.15 TRUE ANSWER : ? YOUR ANSWER : ?
What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects? Design cost analysis Engineering cost analysis Economic Analysis Engineering economy TRUE ANSWER : ? YOUR ANSWER : ?
All are classified under direct labor expenses EXCEPT one. Which one? Assembly cost Supervision cost Inspection cost Testing cost TRUE ANSWER : ? YOUR ANSWER : ?