DAY 3 Flashcards
G
Gravitation Constant
const 39
Stefan Boltzmann constant
const 31
Co
Speed of light constant
const 28
h
Planck’s constant
const 06
Element associated with the unit seconds
Cesium 133
R, infinite
Rydberg constant
const 16
A cylinder with Platinum iridium alloy is used to define the kilogram. What is the name of the cylinder?
Le Grand K
Mass and Radius of Earth and Moon
Masses
EARTH: m=5.98x10^24 kg (81 * moon mass)
MOON: m=7.35x10^22 kg
Radii
EARTH: R= 6,371 km (3.67 * moon radius)
MOON: R=1,738 km
Single seller
Monopoly
Few sellers
Oligopoly
Traded freely
Perfect competition
Single buyer
Monopsony
Few buyers
Oligopsony
Economic system based on private ownership of businesses driven by competitive market and motivation to profit
Capitalism
Rules for Leap years
- Every 4 years
- Century years must be divisible by 400
Internal force resisting external forces per unit area
Stress
Stress that occurs when a member is loaded by an axial force.
normal stress
Force that causes layers or parts to slide upon each other in opposite directions
shearing stress
Load applied in one plane that would result in the fastener being cut into two pieces.
single shear
A failure mechanism in structural members like slabs and foundation by shear under the action of concentrated loads.
punching shear
For body subjected to uniaxial stress
Ratio: transverse strain/axial strain
Poisson’s ratio
Slope of the stress-strain diagram that is a straight line.
Young’s Modulus
Max stress developed during a simple tension that the stress is a linear function of strain.
proportional limit
Max stress possible during a simple tension such that there is no permanent or residual deformation when the load is entirely removed
elastic limit
What does it means when the material is said to be “yielding”?
The material has pass through elastic range and enter the plastic range
The region of the stress-strain curve extending from the origin to the proportional limit is called
elastic range
The region of the stress-strain curve extending from the proportional limit to the point of rupture is called
plastic range
Point at which the material will have an appreciable elongation or yielding without any increase in load.
yield point
What refers to the stress in the material at the elastic limit?
Yield stress
The maximum ordinate in the stress-strain diagram
ultimate strength or tensile strength
Work done on a unit volume of material as the force is gradually increased from the linear range
modulus of resilience
The toughness of a material is its ability to absorb energy without causing it to break.
modulus of toughness
The actual stress of a material under a given loading.
working stress
The maximum safe stress that a material can carry is termed as the _____
allowable stress
Conic Section with eccentricity = 0
circle
Conic Section with eccentricity = 1
parabola
Conic Section with eccentricity > 1
hyperbola
Conic Section with eccentricity < 1
Ellipse
A plane section of a cone depending on whether the angle that the plane makes with the base of the cone
Conic Sections
Locus of a point that moves such that the difference between its distances from two fixed points called the foci is constant.
Hyperbola
Locus of a point that moves such that the sum of its distances from two fixed points called the foci is constant.
Ellipse
Locus of a point that moves such that its distance from a fixed straight line called the directrix is equal to its distance from a fixed point called the focus.
Parabola
Water Refraction Index
n=1.33
Air Refraction Index
n=1
Ice Refraction Index
n=1.309
Rank Refraction Indexes
Solid, Liquid, Gas
Solid>Liquid>Gas
The fleeting of a beam of light which contains several frequencies on passing it through a substance whose refracted index changes with frequency.
Dispersion
Process oo filtering light that only 1, 2 or definite directions are permitted to pass through a polarizer
Polarization
A lens that brings parallel light in to a single real focal point.
Converging lens
Lens that deviate parallel light outward as it originated at a single virtual focal point
Diverging Lens
Analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects
Economic Analysis
What refers to the ratio of interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal?
Interest rate
The actual or exact rate of interest rate earned each year
Effective rate of interest (ERI)
Difference between the future worth of a negotiable paper and its present worth.
Discount
Any tangible economic product that contributes directly or indirectly to the satisfaction of human want
Goods or commodities
Any tangible economic activity that contributes directly or indirectly to the satisfaction of human want
Services
Goods and services that are required to support human life, needs and activities
Necessity
The satisfaction of pleasure derived from the consumer goods and services. The power to satisfy human wants and needs.
Utility
Exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security
Market
Amount if property if seller and buyer has equal advantage and zero compulsion to buy.
Market Value
Is what the property is worth to the owner as an operating unit
Utility or Use Value
Is the value usually determined by a disinterested third party in order to establish a price that is fair to both seller and buyer
Fair Value
What do you call the worth of property as shown in the accounting records?
Book value
Is the price that can be obtained from the sale of the property after it has been used
Salvage Value
Value of property if disposed off as junk
Salvage/Scrap Value
The simplest form of business organization
Sole Proprietorship
The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____
Economic return
What refers to the lessening of the value of an asset due to the decrease in the quantity available?
depreciation
The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called ______.
market value
The certificate of indebtedness of organization usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation?
bond
Document that shows proof of legal ownership of a financial security
Coupon
“When free competition exists, the price of a product will be that bale where split is equal to the demand”
Law of supply and demand
“When one of the factor of production is fixed in quantity of its difficult to increase, increasing the other factor of production will result in a less than proportionate increase in output”
Law of diminishing return
Form of market structure where the number of suppliers is used to determine the type of the market
Competition
Salvage value is also known as ____
Scrap value
What do you call any particular raw material or primary products such as cloth, wool, floor, coffee and etcetera?
Commodity
Denotes default in the exchange rate of one currency in terms of the others.
exchange rate
The deliberate lowering of the price of a nation’s currency in terms of the accepted standard.
Devaluation
Lands, buildings, plants and machineries are examples of what type of asset?
Fixed asset
Simplest type of business organization owned and controlled by single person.
Sole proprietorship
Business organization owned and controlled by two are more persons.
Bound by a partnership agreement.
Partnership
Business organization owned and controlled by ordinary shareholders.
Capital divided equally between said shareholders.
Corporation
The laws of physics are the same for all observers in any inertial frame of reference relative to one another.
Principle of Relativity
Two events, simultaneous for one observer, may not be simultaneous for another observer if the observers are in relative motion.
Relativity of simultaneity
Moving clocks are measured to tick more slowly than an observer’s “stationary” clock.
Time dilation
E = mc^2 , energy and mass are equivalent and transmutable.
Mass-Energy Equivalence
Sound waves in air are ____
longitudinal
States that the current through a conductor between two points is directly proportional to the voltage across the two points.
Ohm’s law
Mirage is due to ___
unequal heating of different parts of
atmosphere
Intensity of sound at a point is ________ its distance from the source
inversely proportional to square of
Of the four locations mentioned below the highest inside temperature will be attained in the pressure cooker operated with the pressure valve open.
a. at sea level
b. at the top of Mt. Everest
c. at a place below sea level
d. in an aeroplane flying at a height of 10km with inside pressure maintained at the sea level
c. at a place below sea level
It takes much longer to cook food in the hills than in the plains, because _____
in the hills the atmospheric pressure is lower than that in the plains and therefore water boils at a temperature lower than 100
Mercury is commonly used as a thermodynamic fluid rather than water because ____
mercury has greater visibility than water
If two bodies of different masses, initially at rest, are acted upon by the same force for the same time, then both bodies acquire the same ____
Momentum
Nuclear sizes are expressed in a unit named ___
Fermi
Out of the following, which is not
emitted by radioactive substances?
A. Electrons
B. Electromagnetic radiations
C. Alpha particles
D. Neutrons
Neutrons
Frequency of infrasonic and ultrasonic waves
INFRASONIC: f<20 Hz
ULTRASONIC: f>20 Hz
TYPICAL VELOCITIES:
electron
alpha particle
gamma ray
electron = 9/10 C
alpha particle = 1/20 C
gamma ray = C
Where C is light speed
A wave where the medium oscillates in the same direction of propagation
Longitudinal wave
(eg sound waves)
A wave where medium oscillates in a direction perpendicular to the direction of propagation
Transverse wave
(eg, guitar strings, waves on water)
Explain Doppler Effects
Change in perceived frequency when speed of observer and source are not equal
Order of highest derivative
Order of DE
Power of highest derivative
Degree of DE
Exponent of dependent variable and all derivatives are equal to one
Linearty of DE
Set of cuyrves with similiarly formed equations but differing on one or more parameters
Family of Curves
A subdivision of mechanics that is concerned with the forces that act on bodies at rest under equilibrium conditions
Statics
Which of these does NOT pertain to value engineering?
A. Promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality
B. Focused solely on the functions of various components and materials, rather than their physical attributes
C. A systematic and organized approach to provide the necessary functions in a project at the lower cost
D. A process by which projects are outlined and sequenced for the most favorable outcome.
B. Focused solely on the functions of various components and materials, rather than their physical attributes
In solids, what is this that pertains to an irreversible change in the intermolecular structure of an object? This change may be due to either (or both) an applied force or a change in temperature?
Plastic Deformation
A salt that is hammered into pieces is a characteristic of a material pertaining to its ___
brittleness
Ability of a material to absorb energy in deformation in the plastic range is characterized as its ___
resilience
Slow and progressive deformation of a material with time under constant stress is called ____
creep
A type of rosette composed of three electrical resistance strain gages making angles of 0°, 60°, and 120° with the x-axis.
Delta
Where shall the proper diameter for the steel shaft be based on?
A. Minimum allowable torque
B. Maximum allowable angle of twist
C. Maximum allowable compressive stress
D. Maximum allowable shear stress
D. Maximum allowable shear stress
Newton’s Law of Motion:
First Law
Object remains in rest/ motion unless acted upon external force
Newton’s Law of Motion:
Second Law
F = ma
Newton’s Law of Motion:
Third Law
For every action, there is an equal and opposite reaction
Force that effects an object the same way regardless of its path of travel
Conservative force
Force the dissipates other forces
Nonconservative force
(friction, air resistance)
States that the total change on potential in a close circuit is zero
Loop Rule
(I,in = I,out)
States that the total current going into a junction point in a circuit equal total current out of the junction
Junction Rule
States that the buoyant force for a body is equal to the fluid it displaced
Archimedes Principle
Measures the average molecular kinetic energy
Temperature
Ratio of speed of light in a vacuum to the speed of light in a medium
Index of refraction
n = Co/v
Versine θ
1 - cos θ
Vercosine θ
1 + cos θ
Coversine θ
1 - sin θ
Covercosine θ
1 + sin θ
Haversine θ
1/2 (1 - cost θ)
Hovercosine
1/2 (1 + cos θ)
Hacoversine θ
1/2 (1 - sin θ)
Hacovercosine θ
1/2 (1 + sin θ)
LOOKSFAM
Point P is randomly chosen inside the square ABCD. Lines AP and PB are then drawn. What is the probability that angle APB is obtuse?
P= pi/8
LOOKSFAM
“Here lies Diophantus,” the wonder behold… Through art algebraic, the stone tells how old: “God gave him his boyhood one-sixth of his life, One- twelfth more as youth while whiskers grew rife; And then yet one-seventh ere marriage begun; In five years there came a bouncing new son. Alas, this dear child of master and sage, Attained only half of his father’s full age. When chill fate took him — an event full of tears — Heartbroken, his father lived just four more years.” How long did Diophantus live?
84 years
Parallel lines are also known as ___
inconsistent lines
Perpendicular lines are said to be _____
both consistent and independent
Coinciding lines are said to be ____
both consistent and dependent
Approximation of an integral of curve in a graph by finite sum
Reimann Sum
Phenomenon due to the presence and motion of electric charges
Electricity
Occurs when a charge imbalanced object gains a net charge and spontaneously balancing itself to achieve equilibirum
Static Equilibrium
Force exerted by two charges to one another.
Electrostatic Force
Provides electric potential that drives the flow of current
Voltage source
Current that flows in one direction
Direct current
Current that flows forward and backward
Alternating current
Has at least one solution
Consistent
Equation that has no solution
Inconsistent
Equation with multiple solutions
Dependent
Equation with only solution
Independent
Resistance to changes in its rotation. It depends on how far each part of the body’s mass is from its center.
Moment of inertia
Another name for the shear modulus of a material is
Modulus of rigidity
A simple type of stress occurs when the material body is under equal compression or tension in all directions.
Isotropic Stress
The study of light and the interaction of light and matter.
Optics
Ceramics can be defined as inorganic, non-metallic materials. They are typically crystalline in nature and are compounds formed between metallic and non-metallic elements. Which of these is NOT a ceramic?
A. Alumina
C. Neoprene
B. Calcia
D. Silicon Nitride
C. Neoprene
The fundamental theorem of calculus makes a connection between antiderivatives and definite integrals
First Theorem of Calculus
The longest lasting building material available is the one that’s been here for thousands of years
A. brick
B. stone
C. wood
D. steel
B. stone
An elastomer is a polymer with viscoelastic and very weak intermolecular forces, generally having low Young’s modulus and high failure strain compared to other materials. Which of the following is NOT an elastomer?
A. Neoprene
B. Polyurethane
C. Silicone
D. Chloroprene
D. Chloroprene
This analysis is to determine the point at which revenue received equals the costs associated with receiving the revenue. As a supply-side analysis, it only analyzes the costs of the sales and does NOT analyze how demand may be affected at different price levels. What is this?
A. Value analysis
B. Break-even analysis
C. Cost-benefit analysis
D. Financial analysis
B. Break-even analysis
What theorem states that if g is differentiable at point x and f is differentiable at point g(x), then the composition f ◦ g is differentiable at point x?
A. Rolle’s
B. Cramer’s rule
C. chain rule
D. Euler’s
C. chain rule
What is the process of recording, summarizing and reporting business transactions to provide an accurate financial position and performance?
A. Management accounting
B. General accounting
C. Financial accounting
D. Cost accounting
C. Financial accounting
What problems are concerned with finding the best way to perform a task and making use of mathematical tools for solving such problems?
A. Expense volume profit analysis
B. Cost volume profit analysis
C. Break even analysis
D. Investment analysis
D. Investment analysis
Which of the following pairs do not have identical dimensions ?
A. Pressure and stress
B. Work and pressure energy
C. Moment of force and momentum
D. Angular momentum and planck’s constant
C. Moment of force and momentum
Which of the following properties of a wave is independent of others?
Velocity
Frequency
Amplitude
Wavelength
Amplitude
It is a petty patent for new and industrially applicable technical solution
Utility model
Moment of inertia is a ___ quantity
Tensor
It is the additional cost of producing one more unit of a product.
a. Sunk cost
b. Marginal cost
c. Variable cost
d. Fixed cos
b. Marginal cost
What is the ratio of the distance between the foci to the distance between the vertices in either hyperbola or ellipse?
a. Eccentricity
b. Latus rectum
c. Variance
d. Deviation
a. Eccentricity
This is the measure of central tendency defined as the most frequent score. How do you call this measure of central tendency?
a. Median
b. Mode
c. Mean
d. Deviation
b. Mode
How do you call the axis of the hyperbola that passes through the center, the foci and vertices?
a. Transverse axis
b. Conjugate Axis
c. Asymptotic axis
d. Major Axis
a. Transverse axis
What do you think is the lessening of the value of an asset due to a decrease in the quantity available as a coal, oil and timber in forests?
a) Depletion
b) Amortization
c) Depreciation
d) Investment
a) Depletion
What do you call the replacement of the original cost of an investment?
a) Pay off
b) Return on investment
c) Breakeven
d) Capital recovery
a) Pay off
What do you think is the output or sales at which income is insufficient to equal operating cost?
a) Break even point
b) Depreciation
c) Investment
d) Cash flow
a) Break even point
It is the additional cost of producing one more unit of a product.
a. Sunk cost
b. Marginal cost
c. Variable cost
d. Fixed cost
b. Marginal cost
What is the quantity in addition to the economic order quantity use to anticipate sudden change of demand and the delay of the ordered quantity?
a. safety stock
b. safety allowance
c. tolerance stock
d. none of these
a. safety stock
The ratio between the quick assets to the current liabilities
a. Acid test ratio
b. Current ratio
c. Working amount
d. Marginal ratio
a. Acid test ratio
How do you call the line passing through the focus and perpendicular to the directrix of a parabola?
a. Latus rectum
b. Axis of the parabola
c. Transverse axis
d. Major axis
b. Axis of the parabola
These are product or services that are required to support human life and activities, that will be purchased in somewhat the same quantity even though the price varies considerably.
Necessities
These are product or services that are required to support human life and activities, that will be purchased in somewhat the same quantity even though the price varies considerably.
Convex polygon
Which of the following products is not considered as sales tax?
a. Books
b. Meals
c. Groceries
d. Cinema tickets
d. Cinema tickets
Which of the following is NOT a common factor for break even analysis?
a. Capacity utilization
b. Annual revenue and expenses
c. Rate of return
d. Interest rates
d. Interest rates
It refers to the period of time in years that results in the minimum equivalent annual cost.
a. Ownership life
b. Physical life
c. Useful life
d. Economic life
d. Economic life
These involve with the values for all attributes must be converted into a common measurement scales in every economic alternative.
a. Taxation scale
b. Compensatory models
c. Dimensional model
d. Cash flow
b. Compensatory models
Which of the following is not described by the bond value?
a. agrees to lend the bond issuer money
b. receives periodic interest payments
c. maximizes the economic well-being
d. provides excellent commercial value
c. maximizes the economic well-being
The paper currency issued by the Central Bank which forms part of the country’s money supply.
a. Treasury bills
b. Bank note
c. Check
d. Coupon
b. Bank note
What is the term for an annuity with a fixed time span?
A. Ordinary annuity
B. Perpetuity
C. Annuity certain
D. Annuity due
C. Annuity certain
What is the increase in the money value of a capital asset is called?
A. Profit
B. Capital gain
C. Capital expenditure
D. Capital stock
B. Capital gain
What is the reduction in the money value of capital asset is called?
A. Capital expenditure
B. Capital loss
C. Loss
D. Deficit
B. Capital loss
What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry?
A. Unstable economy
B. Rate of interest cannot be exactly determined
C. The initial deprecation is high
D. The initial depreciation is low
D. The initial depreciation is low
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the:
A. Law of diminishing return
B. Law of supply
C. Law of demand
D. Law of supply and demand
A. Law of diminishing return
“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:
A. Law of diminishing return
B. Law of supply
C. Law of demand
D. Law of supply and demand
D. Law of supply and demand
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 ______.
A. Currency appreciation
B. Currency depreciation
C. Currency devaluation
D. Currency float
C. Currency devaluation
The declining balance method is also known as ______.
A. Double percentage method
B. Constant percentage method
C. Modified sinking fund method
D. Modified SYD method
B. Constant percentage method
Capitalized cost of a project is also known as ______.
A. Infinite cost
B. Life cycle cost
C. Life cost
D. Project cost
B. Life cycle cost
The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______.
A. Expected return
B. Nominal interest
C. Effective interest
D. Economic return
C. Effective interest
The ability to meet debts as they become due is known as ______.
A. Solvency
B. Leverage
C. Insolvency
D. Liquidity
A. Solvency
The ability to convert assets to cash quickly is known as ______.
A. Solvency
B. Liquidity
C. Leverage
D. Insolvency
B. Liquidity
The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as ______.
A. Yield
B. Economic return
C. Earning value
D. Gain
B. Economic return
What market situation exists where there is only one buyer and only one seller?
A. Monopsony
B. Monopoly
C. Bilateral monopsony
D. Bilateral monopoly
D. Bilateral monopoly
What is defined as the reduction or fall of the value of an asset due to constant use and passage of time?
A. Depletion
B. Inflation
C. Depreciation
D. Deflation
C. Depreciation
What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results?
A. Functional depreciation
B. Design depreciation
C. Physical depreciation
D. Demand depreciation
C. Physical depreciation
What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties?
A. Book value
B. Market value
C. Fair value
D. Franchise value
C. Fair value
What is another term for “current assets”?
A. Fixed assets
B. Non-liquid assets
C. Liquid assets
D. Cash
C. Liquid assets
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes?
A. Straight line method
B. Sinking fund method
C. Sum-of-year digit method
D. Declining balance method
B. Sinking fund method
What is another term for “acid-test ratio”?
A. Current ratio
B. Quick ratio
C. Profit margin ratio
D. Price-earnings ratio
B. Quick ratio
What refers to the amount of a product made available for sale?
A. Supply
B. Demand
C. Product
D. Good
A. Supply
What refers to the cost of borrowing money or the amount earned by a unit principal per unit time?
A. Yield rate
B. Rate of return
C. Rate of interest
D. Economic return
C. Rate of interest
What is the market situation exist when there are many buyers and many sellers?
A. Perfect competition
B. Oligopoly
C. Oligopsony
D. Monopoly
A. Perfect competition
Lands, buildings, plants and machineries are example of what type of asset?
A. Current asset
B. Trade investment asset
C. Fixed asset
D. Intangible asset
C. Fixed asset
What refers to the amount of money paid for the use of borrowed capital?
A. Interest
B. Rate of interest
C. Simple interest
D. Principal
A. Interest
Which is true about corporation?
A. It is worse type of business organization.
B. The minimum number of incorporators to start a corporation is three.
C. Its life is dependent on the lives of the incorporators.
D. The stock holders of the corporation are only liable to the extent of their investments.
D. The stock holders of the corporation are only liable to the extent of their investments.
Which is true about partnership?
A. It has a perpetual life.
B. It will be dissolved if one of the partners ceases to be connected with the partnership.
C. It can be handed down from one generation of partners to another.
D. Its capitalization must be equal for each partner.
C. It can be handed down from one generation of partners to another.
Capitalized cost of any structure or property is computed by which formula?
A. First cost + interest of first cost
B. Annual cost - interest of first cost
C. First cost + cost of perpetual maintenance
D. First cost + salvage value
C. First cost + cost of perpetual maintenance
The more critical (or severe) test of the firm’s liquidity can be judged by:
A. Liquidity ratio
B. Current ratio
C. Acid-Test (or Quick) ratio
D. Debts ratio
C. Acid-Test (or Quick) ratio
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?
A. Producer products
B. Consumer products
C. Luxury
D. Necessity
C. Luxury
What refers to the present worth of cost associated with an asset for an infinite period of time?
A. Annual cost
B. Increment cost
C. Capitalized cost
D. Operating cost
C. Capitalized cost
The interest calculated on the basis of 365 days a year, is known as:
A. Interest
B. Ordinary simple interest
C. Exact simple interest
D. None of these
C. Exact simple interest
What is another term for “perfect competition”?
A. Atomistic competition
B. No-limit competition
C. Free-for-all competition
D. Heterogeneous market
A. Atomistic competition
Duopoly is a market situation where there is/are:
A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers
B. Few sellers and many buyers
Duopsony is a market situation where there is/are:
A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers
C. Many sellers and few buyers
What refers to the negotiable claim issued by a bank in lien of a term deposit?
A. Time deposit
B. Bond
C. Capital gain certificate
D. Certificate of deposit
D. Certificate of deposit
What is the opposite of perfect competition?
A. Monopsony
B. Oligopoly
C. Oligopsony
D. Monopoly
D. Monopoly
What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?
A. Monopsony
B. Monopoly
C. Oligopoly
D. Oligopsony
B. Monopoly
Oligopoly exists when there is/are:
A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers
B. Few sellers and many buyers
What is used to record historical financial transactions?
A. Bookkeeping system
B. Ledger system
C. Balance check
D. General journal system
A. Bookkeeping system
A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ______.
A. Cooperative
B. Corporation
C. Enterprise
D. Partnership
A. Cooperative
The ratio of the net income before taxes to net sales is called ______.
A. Current ratio
B. Inventory turnover
C. Profit margin ratio
D. Price-earnings ratio
C. Profit margin ratio
An association of two or more persons for the purpose of engaging into a business for profit is called ______.
A. Entrepreneurship
B. Partnership
C. Proprietorship
D. Corporation
B. Partnership
The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______.
A. Dividend
B. Return
C. Share of stock
D. Equity
A. Dividend
The difference between the present and future worth of money at some time in the future is called ______.
A. Discount
B. Deduction
C. Inflation
D. Depletion
A. Discount
The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called ______.
A. Fair value
B. Market value
C. Good will value
D. Book value
B. Market value
The process of determining the value or worth of a physical property for specific reason is called ______.
A. Investment
B. Valuation
C. Economy
D. Depletion
B. Valuation
All the proceeds which are received by the business as a result of the sale of goods is called ______.
A. Net income
B. Gross income
C. Net revenue
D. Total sales
B. Gross income
The price at which the callable bond will be redeemed from the bondholder is called ______.
A. Par value
B. Call value
C. Face value
D. Redemption value
B. Call value
Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ______.
A. Partnership
B. Investors
C. Corporation
D. Stockholders
C. Corporation
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called ______.
A. Sunk cost
B. Economic life
C. In-place value
D. Annuity
A. Sunk cost
A type of bond to which are attached coupons indicating the interest due and the date when such interest is to be paid is called ______.
A. Registered bond
B. Coupon bond
C. Mortgage bond
D. Collateral trust bond
B. Coupon bond
