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.Management Sciences
Category: Engineering Economy
What is an accounting term that represents an inventory account adjustment ?
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A. Cost of goods sold
B. Cost accounting
C. Standard cost
D. Overhead cost
What is an index of short-term paying ability ?
A. Price-earnings ratio
B. Current ratio
C. Profit margin ratio
D. Gross margin
If there is only one seller and many buyers, the market situation is ______________________?
A. Duopsony
B. Oligopoly
C. Oligopsony
D. Monopoly
The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?
A. 3.90 %
B. 3.92 %
C. 3.95 %
D. 3.98 %
What is the change in cost per unit variable change called ?
A. Variable cost
B. Incremental cost
C. Fixed cost
D. Supplemental cost
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
What is the feature of some bonds whereby the issuer can redeem it before it matures ?
A. Return clause
B. Callability
C. Recall clause
D. Call class
What is considered as the standard unit which forms the basis of a country’s domestic money supply ?
A. Monetary unit
B. Currency
C. Foreign exchange
D. Cash or check
What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?
A. Seller
B. Manufacturer
C. Producer
D. Buyer or consumer
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?
A. Services
B. Goods
C. Commodities
D. Goods or commodities
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