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

Related Mcqs:

1. 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

2. 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

3. A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?

   A. Sole proprietorship
   B. Entrepreneurship
   C. Partnership
   D. Corporation

4. Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ?

   A. Corporation
   B. Property
   C. Partnership
   D. Organization

5. Ratio of inertia force to surface Jension is known as ________________________?

   A. Mach number
   B. Froude number
   C. Reynold’s number
   D. Weber’s number
   E. none of the above

6. 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

7. 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 ____________________?

   A. Material cost
   B. Fixed cost
   C. First cost
   D. In-place value

8. A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10% ?

   A. P1,549.64
   B. P1,459.64
   C. P1,345.98
   D. P1,945.64

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

   A. Capitalized cost method
   B. Present worth method
   C. Annual cost method
   D. MARR

10. The original record of a business transaction is recorded in this book_____________?

    A. Work book
    B. Journal
    C. Ledger
    D. Account book