civil engineering MCQs – Page 203

Practise multiple-choice questions from civil engineering for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

civil engineering Mcqs

4041. Which is true about corporation ?
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A. Its life is dependent on the lives of the incorporators.

B. It is worse type of business organization.

C. The stock holders of the corporation are only liable to the extent of their investments.

D. The minimum number of incorporators to start a corporation is three.

4042. 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 ?
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A. Property

B. Partnership

C. Corporation

D. Organization

4043. What method is often used in municipal project evaluations where benefits and costs accrue to different segments of the community ?
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A. Benefit-cost ratio

B. EUAC

C. Rate of return method

D. Annual cost method

4044. What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product ?
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A. Stock pile

B. Buffer stock

C. Withheld stock

D. Hoard stock

4045. What is a government bond which has an indefinite life rather than a specific maturity ?
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A. T-bill

B. Debenture

C. Coupon

D. Consol

4046. Double taxation is a disadvantage of which business organization ?
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A. Enterprise

B. Sole proprietorship

C. Corporation

D. Partnership

4047. What is the increase in the money value of a capital asset is called?
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A. Capital stock

B. Profit

C. Capital gain

D. Capital expenditure

4048. A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ___________________?
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A. Partnership

B. Cooperative

C. Corporation

D. Enterprise

4049. The ability to convert assets to cash quickly is known as ________________?
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A. Insolvency

B. Leverage

C. Liquidity

D. Solvency

4050. What refers to the claim of anyone to ownership ?
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A. Equity

B. Assets

C. Proprietorship

D. Liability

4051. Gross margin is the ratio of the gross profit to _________________?
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A. Net sale

B. Owners equity

C. Inventory turnover

D. Quick assets

4052. All the proceeds which are received by the business as a result of the sale of goods is called _________________?
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A. Net income

B. Net revenue

C. Gross income

D. Total sales

4053. Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ________________________?
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A. Corporation

B. Partnership

C. Stockholders

D. Investors

4054. What refers to the present worth of cost associated with an asset for an infinite period of time ?
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A. Increment cost

B. Operating cost

C. Annual cost

D. Capitalized cost

4055. The flow back of profit plus depreciation form a given project is called ___________________?
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A. Earning value

B. Capital recovery

C. Cash flow

D. Economic return

4056. Capitalized cost of any structure or property is computed by which formula ?
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A. Annual cost interest of first cost

B. First cost + cost of perpetual maintenance

C. First cost + salvage value

D. First cost + interest of first cost

4057. What do you call a one-time credit against taxes ?
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A. Credible credit

B. Due credit

C. Revenue credit

D. Tax credit

4058. What is an accounting term that represents an inventory account adjustment ?
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A. Cost of goods sold

B. Standard cost

C. Cost accounting

D. Overhead cost

4059. What is a secondary book of accounts, the information of which is obtained from the journal is called ?
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A. Trial balance

B. Ledger

C. Worksheet

D. Balanced sheet

4060. What is a measure of the average speed with which accounts receivable are collected ?
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A. Current ratio

B. Quick ratio

C. Receivable turnover

D. Acid test ratio

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