Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity ?

Related Mcqs:

1. By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?

   A. Foreclosure B. Default C. Bankrupt D. None of these...

2. With whom would you associate the following quote” The business of business is business” ?

   A. Milton Friedman B. Adam smith C. Alfred Marshal D. Karl Marx...

3. When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?

   A. Shifts in aggregate supply B. changes in export demand due to the state of the world economy C. business confidence D. business expectations...

4. Name the company in which the liability of the shareholders is limited to the amount of their shares ?

   A. Limited company B. Incorporation C. Cooperative D. Corporation...

5. Peer borrowing groups of five or so people with joit liability approve loans to other members as a substitute for the bank’s screening process The above statement applies to ?

   A. Indonesia’s Badan Kredit Kecamatan (BKK) B. the Association for Development of Microenterprice C. Bangladesh’s Grameen Bank D. the Enterprice credit program in Kolkata...

6. A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ?

   A. Unmovable asset B. Fixed property C. Production line D. Fixed asset...

7. Which of the following is included in broad money, but not included in narrow money ?

   A. savings accounts B. Travelers checks C. Currency held outside banks D. Automatic-transfer savings accounts...

8. The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?

   A. Open value B. Book value C. Real value D. Artificial value...

9. Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?

   A. A precise list or enumeration of financial transactions B. Money deposited for checking savings or breakage use C. A customer having business or credit relationship with a firm D. All of these...

10. Which business device involves the creation of a new business by two or more companies often for a limited period of time ?

    A. multinational corporation B. international joint venture C. horizontal merger D. vertical merger...