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

Related Mcqs:

1. 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______________?

   A. Currency appreciation
   B. Currency depreciation
   C. Currency devaluation
   D. Currency float

2. 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

3. __________________ 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?

   A. Status company
   B. Big income
   C. Known owners
   D. Goodwill

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

   A. Mall
   B. Market
   C. Store
   D. Office

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

   A. Services
   B. Goods
   C. Commodities
   D. Goods or commodities

6. 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 ?

   A. Economic Analysis
   B. Engineering cost analysis
   C. Engineering economy
   D. Design cost analysis

7. What market situation exists where there is only one buyer and only one seller ?

   A. Monopsony
   B. Monopoly
   C. Bilateral monopsony
   D. Bilateral monopoly

8. 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

9. 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

10. 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