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 ?

Related Mcqs:

1. 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 _________________?

   A. 1,033
   B. 1,037
   C. 1,043
   D. 1,053

2. What bond whose security is a mortgage on certain specified assets of the corporation ?

   A. Registered bond
   B. Collateral trust bond
   C. Mortgage bond
   D. Debenture bond

3. Which of the following is an example of intangible asset ?

   A. Cash
   B. Investment in subsidiary companies
   C. Furnitures
   D. Patents

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

   A. Dividend
   B. Equity
   C. Return
   D. Par value

5. 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

6. 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 ?

   A. 7 eyars
   B. 8 years
   C. 9 years
   D. 10 years

7. 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

8. What refers to the amount of a product made available for sale ?

   A. Supply
   B. Demand
   C. Product
   D. Good

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

   A. Supply
   B. Demand
   C. Product
   D. Good

10. 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 ?

    A. Perfect competition
    B. Oligopoly
    C. Oligopsony
    D. Monopoly