A. Services
B. Goods
C. Commodities
D. Goods or commodities
Related Mcqs:
- 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 - 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 ?
A. Straight line method
B. Sinking fund method
C. Sum-of-year digit method
D. Declining balance method - 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 ?
A. Bond
B. T-bills
C. Stock
D. Promissory note - 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 ?
A. T-bills
B. Securities
C. Bond
D. Bank notes - 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 ?
A. Effective rate of interest
B. Nominal rate of interest
C. Compound interest
D. Simple interest - What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?
A. Effective rate of interest
B. Nominal rate of interest
C. Compound interest
D. Simple interest - 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 the reduction or fall of the value of an asset due to constant use and passage of time ?
A. Depletion
B. Inflation
C. Depreciation
D. Deflation - 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 ?
A. Depletion
B. Inflation
C. Depreciation
D. Deflation - What is defined as the current assets minus inventories and prepaid expenses ?
A. Profit margin ratio
B. Price-earnings ratio
C. Return of investment ratio
D. Quick ratio
