What are the two classifications of goods and services ?

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Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?

A. Homogeneous product B. Free market entry and exit C. Perfect information and absence of all economic friction D. All of the above...

Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?

A. 13.15 % B. 13.32 % C. 13.46 % D. 13.73 %...

A VOM has a selling price of P 400. If its selling price is expected to decline at a rate of 10% per annum due to obsolescence, what will be its selling price after 5 years ?

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Which of the following is an example of intangible asset ?

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