Home Civil Engineering Engineering Economy Most Important MCQs

Engineering Economy Most Important MCQs

1 - __________________ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations?

Goodwill

2 - “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 and demand

3 - “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______________?

Law of diminishing return

4 - A _____________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ?

Natural monopoly

5 - A beam is said to be of uniform strength, if

bending stress is same at every section along its longitudinal axis.

6 - A bond without any security behind them except a promise to pay by the issuing corporation is called __________________?

Debenture bond

7 - A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?

0.04

8 - A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment ?

P 2,504.57

9 - A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent ?

0.0665

10 - A father notes that when his teenage daughter uses the telephone, she takes not less than 6 minutes for a call and som? times as much as an hour. Fifteen minutes call are more frequent than calls of any other duration. If these phone calls were an activity in PERT project, then phone calls expected duration will be_______________?

21 minutes

11 - A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000?

0.2917

12 - A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ___________________?

Cooperative

13 - A four wheel trac*or whose operating weight is 12000 kg is pulled along a road having a rising slope of 2% at a uniform speed. Assume grade resistance factor = 10 kg/tonne. The tension in the tow cable is 720 kg. The rolling resistance of the road will be___________________?

40 kg/tonne

14 - A free standing brick wall 20 cm thick is subjected to a wind pressure of 75kg/m2. The maximum height of wall from stability consideration is___________________?

0.64 m

15 - A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified ?

0.1207

16 - A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even ?

2632

17 - A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period ?

5937.5

18 - A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method ?

P 2,000.00

19 - A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be________________?

Rs.3480

20 - A machine is purchased for Rs. 10,000,00/- and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000/-. The book value of the machine at the end of 5 years using general straight line method of evaluation of depreciation is__________________?

Rs. 5,75,000/-

21 - A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?

0.1175

22 - A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?

P 43,763.20

23 - A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000 _________________?

1053

24 - A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand ?

1.0 hour per unit

25 - A mathematical expression also known as the present value of annuity of one is called ____________________?

Present worth factor

26 - A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond ?

P 1,144.81

27 - A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment ?

0.03

28 - A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually ?

P 143,999.08

29 - A rigid-jointed plane frame is stable and statically determinate if_______________?

(3m + r) = 3j

30 - A single rolling load of 8 kN rolls along a girder of 15 m span. The absolute maximum bending moment will be________________?

30 kN.m

31 - A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same ?

1,000 feet

32 - A tractor shovel has a purchase price of Rs. 4.7 lacs and could save the organization an amount of rupees one lac per year on operating costs. The salvage value after the amortization period is 10% of the purchase price. The capital recovery period will be________________?

4.23 years

33 - A tractor whose weight is 20 tonnes has a drawbar pull of 2500 kg, when operated on a level road having a rolling resistence of 30 kg per tonne. If this tractor is operated on a level road having a rolling resistance of 40 kg per tonne, then the drawbar pull of the tractor will________________?

reduce by 200 kg

34 - 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 ____________________?

Coupon bond

35 - A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries ?

Collateral trust bond

36 - A uniform series of payment occurring at equal interval of time is called ____________________?

Annuity

37 - 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 ?

P 236.20

38 - A wheeled tractor hauling unit is working on firm earth. The total loaded weight distribution of this unit is: Drive wheels : 25000 kg Scraper wheels : 10000 kg If the coefficient of traction for wheeled tractor on firm earth is 0.5, the rimpull which this tractor can exert without slipping is_______________?

12500 kg

39 - A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan ?

P 6,922.93

40 - ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method ?

9 years

41 - Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ________________________?

Corporation

42 - All are classified under direct labor expenses EXCEPT one. Which one ?

Supervision cost

43 - All the proceeds which are received by the business as a result of the sale of goods is called _________________?

Gross income

44 - An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method____________________?

P 3,927.27

45 - An earth moving equipment costs Rs. 5,00,000/- and has an estimated life of 10 years and a salvage value of Rs. 50,000/-.What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069 ?

Rs. 31050

46 - An excavator costs Rs. 20,00,000/- and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is__________________?

Rs. 8,43,750/-

47 - As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ___________________?

Amortization

48 - As compared to geometrical increase method of forecasting population, arithmetical increase method gives________________?

lesser value

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

All of the above

50 - Assertion A : The consumption of water increases with increase in the distribution pressure. Reason R : Higher distribution pressure causes more loss and waste of water. Select your answer according to the coding system given below?

Both A and R are true and R is the correct explanation of A

51 - Assertion A: For a given depth of cut, the output of a power shovel can be increased by decreasing the angle of swing Reason R: If the angle of swing is decreased, the cycle time will be decreased_______________?

Both A and R are true and R is the correct explanation of A

52 - At a work site, statistical quality control of concrete means________________?

applying the theory' of probability to sample testing or inspection

53 - Bending moment at any section in a conjugate beam gives in the actual beam_________________?

deflection

54 - Capitalized cost of a project is also known as ____________________?

Life cycle cost

55 - Capitalized cost of any structure or property is computed by which formula ?

First cost + cost of perpetual maintenance

56 - Cash money and credit necessary to establish and operate an enterprise are generally called _____________________?

Capital

57 - Castigliano's first theorem is applicable_______________?

only when principle of superposition is valid

58 - Crash project duration is obtained by summing the________________?

crash durations for all the activities along the critical path obtained by taking into account the crash duration for all the activities

59 - Critical path_____________?

is always longest

60 - Degree of kinematic indeterminacy of a pin-jointed plane frame is given by______________?

2j – r

61 - Duopoly is a market situation where there is/are____________?

Few sellers and many buyers

62 - Duopsony is a market situation where there is/are______________?

Many sellers and few buyers

63 - Earliest finish of an activity is always_______________?

less than or equal to earliest event time of the following node

64 - Economic saving of time results by crashing_________________?

cheapest critical activity

65 - Effects of shear force and axial force on plastic moment capacity of a structure are respectively to_________________?

decrease and decrease

66 - Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest ?

0.25

67 - First Benchmark Publishing's gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?

0.21

68 - For a beam, if fundamental equations of statics are not sufficient to determine all the reactive forces at the supports, the structure is said to be

statically indeterminate

69 - For a given size of bucket, the ideal output of a dragline will be least in_______________?

Wet sticky clay

70 - For a symmetrical two hinged parabolic arch, if one of the supports settles horizontally, then the horizontal thrust__________________?

is decreased

71 - For a two-hinged arch, if one of the supports settles down vertically, then the horizontal thrust______________?

remains unchanged

72 - For the same height, the bottom width for no tension,

for triangular section is same as that of a rectangular section

73 - For which of the following materials, the output of power shovels for a fixed shovel size will be maximum_______________?

Wet sticky clay

74 - Free float for any activity is defined as the difference between__________________?

its earliest finish time and earliest start time for its successor activity

75 - Free float is mainly used to_________________?

identify the activities, which can be delayed without affecting the total float of succeeding activity

76 - Gross margin is the ratio of the gross profit to _________________?

Net sale

77 - If an activity has its optimistic, most likely and pessimistic times as 2, 3 and 7 respectively, then its expected time and variance are respectively___________________?

3.5 and 25/36

78 - If in a pin-jointed plane frame (m + r) > 2j, then the frame is________________?

stable and statically indeterminate

79 - If in a rigid-jointed space frame, (6m + r) < 6j, then the frame is_______________?

unstable

80 - If the average daily consumption of a city is 100,000 m3, the maximum daily con¬sumption on peak hourly demand will be_______________?

270000 m3

81 - If the eccentricity ratio is more than 1/24, then increase in the permissible stress in the design of wall subjected to eccentric loading as per code is_________________?

0.25

82 - If the excavation of earth is done manually then it costs Rs. 10 per cum. A machine can excavate at a fixed cost of Rs. 4000 plus a variable cost of Rs. 2 per cum. The quantity of earth for which the cost of excavation by machine will be equal to the cost of manual excavation is_________________?

500 cum

83 - If the expected time for completion of a project is 10 days with a standard deviation of 2 days, the expected time of completion of the project with 99.9% probability is________________?

16 days

84 - If the expected time of completion of a project is 60 weeks with a standard deviation of 5 weeks, the probability of completing the project in 50 weeks and 65 weeks respectively will be__________________?

2.3% and 84.1%

85 - If the gross vehicle weight of a truck is 30 t and rolling resistance is 30 kg/tonne, then the tractive effort required to keep the truck moving at a uniform speed is__________________?

900 kg

86 - If the optimistic time, most likely time and pessimistic time for activity A are 4, 6 and 8 respectively and for activity B are 5, 5.5 and 9 respectively, then______________?

expected time of both activities A and B are same

87 - If the output of a dragline for 90° angle of swing at optimum depth of cut is X, then the output for 120° angle of swing at 120 % of optimum depth of cut will be_________________?

less than X

88 - If the scheduled completion time of a project is more than the earliest expected time for completion of the project, then the probability of completion of the project within the scheduled completion time will be__________________?

more than 50%

89 - If there are many sellers and few buyers, the market situation is ______________________?

Oligopsony

90 - If there is only one seller and many buyers, the market situation is ______________________?

Monopoly

91 - In column analogy method, the area of an analogous column for a fixed beam of span L and flexural rigidity El is taken as__________________?

L/EI

92 - In computing depreciation of an equipment, which of the following represents the first cost ?

All of the above

93 - In moment distribution method, the sum of distribution factors of all the members meeting at any joint is always__________________?

1

94 - In PERT analysis, the time estimates of activities and probability of their occurrence follow_______________?

Beta – distribution curve

95 - In the displacement method of structural analysis, the basic unknowns are__________________?

displacements

96 - In time-cost optimization of a project, crashing is done____________?

on original critical activities and those that become critical at any stage of crashing in the order of ascending cost slope

97 - In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes ?

Sinking fund method

98 - In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year ?

Declining balance method

99 - In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset ?

Straight line method

100 - Interfering float is the difference between__________________?

total float and free float

101 - Lands, buildings, plants and machineries are example of what type of asset ?

Fixed asset

102 - Latest start of an activity is always________________?

greater than or equal to latest event time of preceding node

103 - Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year ?

P 4,860.00

104 - Mobilization advance up to 10% of the cost of work is given to a contractor_______________?

for all activities required to start the work at site on finalization of the contract document

105 - Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?

0.1029

106 - Number of unknown internal forces in each member of a rigid jointed plane frame is_____________?

3

107 - Oligopoly exists when there is/are _______________?

Many sellers and few buyers

108 - One banker's year is equivalent to ________________ days?

360

109 - Perfect monopoly exists only if_______________?

the single vendor can prevent the entry of all other vendors in the market

110 - PERT technique of network analysis is mainly useful for__________________?

research and development projects

111 - Principle of superposition is applicable when___________________?

deflections are linear functions of applied forces

112 - Return on investment ratio is the ratio of the_____________?

Net income to owner's equity

113 - Salvage value is sometimes known as _____________________?

Second-hand value

114 - Select the correct relationship between porosity (N), specific yield (y) and specific retention (R)________________?

N = y + R

115 - Select the correct statement?

none of the above

116 - Select the correct statement?

5 day BOD is less than 4 day BOD keeping other conditions same

117 - Select the incorrect statement?

none of the above

118 - Select the incorrect statement?

Start float and finish float need not be equal

119 - Select the incorrect statement?

Critical activity is the one for which free float is zero

120 - Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%?

P 9,250.00

121 - Slack time refers to_______________?

an event

122 - The ability to convert assets to cash quickly is known as ________________?

Liquidity

123 - The ability to meet debts as they become due is known as __________________?

Solvency

124 - The amount of company's profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ___________________?

Dividend

125 - 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

126 - The area under the Beta – distribution curve is divided into two equal parts by_______________?

expected time

127 - The areas of cross-section of a square beam and a circular beam subjected to equal bending moments, are same.

square beam is more economical

128 - The carryover factor in a prismatic member whose far end is fixed is___________________?

44928

129 - The Castigliano's second theorem can be used to compute deflections________________?

for any type of structure

130 - The common ratio is the ratio of_______________?

Current assets to current liabilities

131 - The constraints in case of resource smoothening operation would be_______________?

project duration time

132 - The declining balance method is also known as ____________________?

Constant percentage method

133 - The deflection at any point of a perfect frame can be obtained by applying a unit load at the joint in_________________?

the direction in which the deflection is required

134 - The degree of kinematic indeterminacy of a pin-jointed space frame is_____________?

3j-r

135 - The degree of static indeterminacy of a pin-jointed space frame is given by_________________?

m + r – 3j

136 - The degree of static indeterminacy up to which column analogy method can be used is__________________?

3

137 - 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 ____________________?

Currency devaluation

138 - The depletion allowance method of computing depletion is commonly known as ___________________?

Percentage method

139 - The devices which are installed for drawing water from the sources are called______________?

intakes

140 - The difference between the present and future worth of money at some time in the future is called __________________?

Discount

141 - The direct cost of a project with respect to normal time is________________?

minimum

142 - The effective height of free standing nonload bearing wall and column respectively will be_________________?

2.0H and 2.0H

143 - The financial health of the company is measured in terms of______________?

All of the above

144 - The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ____________________?

In-place value

145 - The flow back of profit plus depreciation form a given project is called ___________________?

Cash flow

146 - The functional depreciation is sometimes called ____________________?

Adolescence

147 - The grade resistance factor for an earth moving machine can be obtained by multiplying grade percentage by a factor approximately equal to_________________?

9 kg/tonne

148 - The independent float affects only_______________?

the particular activity involved

149 - The maximum bending moment due to a train of wheel loads on a simply supported girder_________________?

always occurs under a wheel load

150 - The mode of failure of a very short masonry member having h/t ratio of less than 4 is by _______________?

shear

151 - The moment diagram for a cantilever carrying linearly varying load from zero at its free end and to maximum at the fixed end will be a

cubic parabola.

152 - The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?

12 months

153 - The normal time required for the completion of project in the above problem is_______________?

14 days

154 - The number of independent displacement components at each joint of a rigid-jointed space frame is_______________?

6

155 - The original cost of an equipment is Rs.10,000/-. Its salvage value at the end of its total useful life of five years is Rs. 1,000/-. Its book value at the end of two years of its useful life (as per straight line method of evaluation of depreciation) will be________________?

Rs. 6,400/-

156 - The original record of a business transaction is recorded in this book_____________?

Journal

157 - The price at which the callable bond will be redeemed from the bondholder is called ____________________?

Call value

158 - The principle of virtual work can be applied to elastic system by considering the virtual work of_________________?

internal as well as external forces

159 - The probability of completion of any activity within its expected time is_________________?

0.5

160 - The process of determining the value or worth of a physical property for specific reason is called ____________________?

Valuation

161 - The process of incorporating changes and rescheduling or replanning is called_______________?

updating

162 - 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

163 - The ratio of the net income before taxes to net sales is called __________________?

Profit margin ratio

164 - The reduction in project time normally results in_______________?

increasing the direct cost and decreasing the indirect cost

165 - The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion?

5000000

166 - The suitable method of forecasting popu¬lation for a young and rapidly increasing city is_________________?

geometrical increase method

167 - The thickness of each leaf of a cavity wall shall not be less than_________________?

7.5 cm

168 - The three moments equation is applicable only when___________________?

there is no discontinuity such as hinges within the span

169 - The timber floor not spanning on the masonry wall but properly anchored to the wall gives________________?

lateral restraint but not rotational restraint

170 - The time by which a particular activity can be delayed without affecting the preceding and succeeding activities is known as_______________?

independent float

171 - The time with which direct cost does not reduce with the increase in time is known as_________________?

normal time

172 - The true value of interest rate computed by equations for compound interest for a 1 year period is known as __________________?

Effective interest

173 - The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called _____________________?

Sunk cost

174 - Total float for any activity is defined as the difference between________________?

its latest start time and earliest start time

175 - Under ordinary simple interest, how many days in one year ?

360

176 - Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?

Fixed percentage of gross income or 50% of the net taxable income

177 - Updating may result in_________________?

all of the above

178 - Using factor method, the depletion at any given year is equal to ?

Initial cost of property times number of unit sold during the year divided by the total units in property

179 - What annuity is required over 12 years to equate with a future amount of P 20,000? Assume i= 6% annually ?

P 1,185.54

180 - What are the common methods of computing depletion charge ?

Unit method and percentage method

181 - What are the two classifications of goods and services ?

Consumer and producer

182 - What bond whose security is a mortgage on certain specified assets of the corporation ?

Mortgage bond

183 - What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate______________?

Currency depreciation

184 - What do you call a one-time credit against taxes ?

Tax credit

185 - What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?

Commodity

186 - What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset ?

Depreciation recovery

187 - What estimate would you give for the variance in above problem ?

81

188 - What is a government bond which has an indefinite life rather than a specific maturity ?

Consol

189 - What is a market situation whereby there is only one buyer of an item for which there is no goods substitute ?

Monopsony

190 - What is a measure of the average speed with which accounts receivable are collected ?

Receivable turnover

191 - What is a secondary book of accounts, the information of which is obtained from the journal is called ?

Ledger

192 - What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product ?

Buffer stock

193 - What is an accounting term that represents an inventory account adjustment ?

Cost of goods sold

194 - What is an index of short-term paying ability ?

Current ratio

195 - What is another term for “acid-test ratio” ?

Quick ratio

196 - What is another term for “current assets” ?

Liquid assets

197 - What is another term for “perfect competition” ?

Atomistic competition

198 - What is another term for “unit method” for computing depletion ?

Factor method

199 - What is considered as the basic consuming or demanding unit of a commodity ?

Buyer or consumer

200 - What is considered as the standard unit which forms the basis of a country's domestic money supply ?

Foreign exchange

201 - What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?

Bond

202 - What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?

Buyer or consumer

203 - What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?

Services

204 - What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?

Goods or commodities

205 - What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?

Bond

206 - What is defined as the current assets minus inventories and prepaid expenses ?

Quick ratio

207 - What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?

Simple interest

208 - What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest ?

Compound interest

209 - What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents ?

Depletion

210 - What is defined as the reduction or fall of the value of an asset due to constant use and passage of time ?

Depreciation

211 - 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 ?

Economic Analysis

212 - What is normally used to compare alternatives that accomplish the same purpose but have unequal lives ?

Annual cost method

213 - What is the basic accounting equation ?

Assets = liability + owner's equity

214 - What is the change in cost per unit variable change called ?

Incremental cost

215 - What is the feature of some bonds whereby the issuer can redeem it before it matures ?

Callability

216 - What is the increase in the money value of a capital asset is called?

Capital gain

217 - What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry ?

The initial depreciation is low

218 - What is the market situation exist when there are many buyers and many sellers ?

Perfect competition

219 - What is the opposite of perfect competition ?

Monopoly

220 - What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?

P 7,731.29

221 - What is the reduction in the money value of capital asset is called ?

Capital loss

222 - What is the term for an annuity with a fixed time span ?

Annuity certain

223 - What is the type of annuity that does not have a fixed time span but continues indefinitely or forever ?

Perpetuity

224 - What is the type of annuity where the first payment does not begin until some later date in the cash flow ?

Deferred annuity

225 - What is the type of annuity where the payments are made at the beginning of the each period starting from the first period ?

Annuity due

226 - What is the type of annuity where the payments are made at the end of each period starting from the first period ?

Ordinary annuity

227 - What is used to record historical financial transactions ?

Bookkeeping system

228 - What is used when a quick estimate of the doubling time for the invested money is needed ?

Rule of 72

229 - What market situation exists where there are few sellers and few buyers ?

Bilateral Oligopsony

230 - What market situation exists where there is only one buyer and only one seller ?

Bilateral monopoly

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

Benefit-cost ratio

232 - What refers to a document that shows proof of legal ownership of a financial security ?

Coupon

233 - What refers to an imaginary cost representing what will not be received if a particular strategy is rejected ?

Opportunity cost

234 - What refers to the amount of a product made available for sale ?

Supply

235 - What refers to the amount of money paid for the use of borrowed capital ?

Interest

236 - What refers to the claim of anyone to ownership ?

Equity

237 - What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?

Rate of interest

238 - What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn ?

Time value of money

239 - What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?

Market

240 - What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied ?

Necessity

241 - What refers to the goods and services that are required to support human life, needs and activities ?

Necessity

242 - What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment ?

Rate of return

243 - What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?

Perfect competition

244 - What refers to the need, want or desire for a product backed by the money to purchase it ?

Demand

245 - What refers to the negotiable claim issued by a bank in lien of a term deposit ?

Certificate of deposit

246 - What refers to the present worth of all the amount the bondholder will receive through his possession of the bond ?

Value of bond

247 - What refers to the present worth of cost associated with an asset for an infinite period of time ?

Capitalized cost

248 - What refers to the present worth of the probable future net earnings ?

Earning value

249 - What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal ?

Interest rate

250 - What refers to the residual value of a company's assets after all outside liabilities (shareholders excluded) have been allowed for ?

Equity

251 - What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save ?

Forced saving

252 - 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 ?

Fair value

253 - What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country ?

Franchise value

254 - What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?

Common stock

255 - What represents the share of participation in business organizations?

Stock

256 - What stock represents ownership and enjoys certain preferences than ordinary stock ?

Preferred stock

257 - What type of bond is issued jointly by two or more corporations ?

Joint bond

258 - What type of bond where the corporation's owner name are recorded and the interest is paid periodically to the owners with their asking for it ?

Registered bond

259 - What type of bond which can be redeemed before maturity date ?

Callable bond

260 - What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc ?

Equipment obligation bond

261 - What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render ?

Functional depreciation

262 - What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results ?

Physical depreciation

263 - When a series of wheel loads crosses a simply supported girder, the maximum bending moment under any given wheel load occurs when________________?

the centre of span is midway between the centre of gravity of the load system and the wheel load under consideration

264 - When a uniformly distributed load, longer than the span of the girder, moves from left to right, then the maximum bending moment at mid section of span occurs when the uniformly distributed load occupies_______________?

whole span

265 - When a uniformly distributed load, shorter than the span of the girder, moves from left to right, then the conditions for maximum bending moment at a section is that___________________?

the load position should be such that the section divides the load in the same ratio as it divides the

266 - Whenever an activity has zero total float, then_______________?

free float and independent float both must be zero

267 - Which is NOT an essential element of an ordinary annuity ?

The first payment is made at the beginning of the first period.

268 - Which of the following causes a decrease in per capita consumption ?

use of metering system

269 - Which of the following does not represent an activity?

site located

270 - Which of the following earth moving machines has the shortest cycle time?

Dipper shovel

271 - Which of the following excavators is most suitable for digging under water?

Drag line

272 - Which of the following is a weakness of bar chart ?

all of the above

273 - Which of the following is an example of intangible asset ?

Patents

274 - Which of the following is not a PERT event ?

class is being attended

275 - Which of the following is not the displacement method ?

Column analogy method

276 - Which of the following methods of structural analysis is a displacement method ?

moment distribution method

277 - Which of the following methods of structural analysis is a force method ?

column analogy method

278 - Which of the following surfaces will give highest rolling resistance for a rubber tyred vehicle?

Loose sand

279 - Which one of the following surfaces will give highest coefficient of traction while using crawler track tractors?

Earth

280 - While using three moments equation, a fixed end of a continuous beam is replaced by an additional span of__________________?

zero length

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