civil engineering Mcqs
3901. What is a market situation whereby there is only one buyer of an item for which there is no goods substitute ?
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A. Oligopoly

B. Monopoly

C. Oligopsony

D. Monopsony
3902. An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest?
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A. 12.32%

B. 11.89%

C. 12.00%

D. 12.08%

3903. One bankers year is equivalent to ________________ days?
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A. 365

B. 300

C. 366

D. 360
3904. 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 ?
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A. Inflation

B. Deflation

C. Depreciation

D. Depletion
3905. A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent ?
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A. 6.65 %

B. 6.89%

C. 6.58%

D. 6.12%

3906. What refers to the amount of a product made available for sale ?
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A. Supply

B. Demand

C. Product

D. Good

3907. A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method ?
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A. P 2,000.00

B. P 2,200.00

C. P 2,100.00

D. P 2,300.00

3908. What is the type of annuity where the payments are made at the end of each period starting from the first period ?
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A. Deferred annuity

B. Ordinary annuity

C. Annuity due

D. Perpetuity

3909. What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset ?
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A. Depreciation recovery

B. After-tax recovery

C. Asset recovery

D. Period recovery

3910. If there is only one seller and many buyers, the market situation is ______________________?
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A. Oligopsony

B. Duopsony

C. Oligopoly

D. Monopoly
3911. Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note?
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A. P18,000

B. P18,900

C. P19,000

D. P19,100

3912. Duopoly is a market situation where there is/are____________?
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A. Many sellers and few buyers

B. Few sellers and few buyers

C. One seller and few buyers

D. Few sellers and many buyers
3913. A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?
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A. P700.12

B. P705.42

C. P693.12

D. P702.15

3914. Using factor method, the depletion at any given year is equal to ?
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A. Initial cost of property times number of units sold during the year

B. Initial cost of property times number of unit sold during the year divided by the total units in property

C. Initial cost of property divided by the number of units sold during the year

D. Initial cost of property divided by the total units in property

3915. A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000?
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A. 30.78%

B. 29.17 %

C. 30.12%

D. 28.33%

3916. 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 ?
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A. Sinking fund method

B. Declining balance method

C. Straight line method

D. Sum-of-year digit method

3917. What refers to the present worth of the probable future net earnings ?
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A. Earning value

B. Going concern value

C. Total market value

D. Total fair value

3918. What refers to the amount of money paid for the use of borrowed capital ?
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A. Simple interest

B. Rate of interest

C. Principal

D. Interest
3919. What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render ?
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A. Functional depreciation

B. Demand depreciation

C. Physical depreciation

D. Design depreciation

3920. If there are many sellers and few buyers, the market situation is ______________________?
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A. Oligopoly

B. Monopoly

C. Oligopsony

D. Duopsony

3921. 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 ?
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A. Monopoly

B. Oligopoly

C. Perfect competition

D. Oligopsony

3922. When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output. This statement is known as the______________?
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A. Law of supply and demand

B. Law of supply

C. Law of demand

D. Law of diminishing return
3923. What is the type of annuity that does not have a fixed time span but continues indefinitely or forever ?
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A. Ordinary annuity

B. Annuity due

C. Perpetuity

D. Deferred annuity

3924. Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%?
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A. P 9,358.41

B. P 9,228.45

C. P 9,308.45

D. P 9,250.00
3925. Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?
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A. Fixed percentage of gross income or 50% of the net taxable income

B. 50% of the fixed percentage of gross income or the net taxable income

C. 50% of the fixed percentage of gross income or 50% of the net taxable income

D. Fixed percentage of gross income or the net taxable income

3926. What is considered as the standard unit which forms the basis of a countrys domestic money supply ?
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A. Foreign exchange

B. Cash or check

C. Monetary unit

D. Currency

3927. What market situation exists where there are few sellers and few buyers ?
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A. Bilateral Oligopsony

B. Bilateral oligopoly

C. Oligopsony

D. Oligopoly

3928. An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method____________________?
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A. P 3,279.27

B. P 3,729.27

C. P 3,792.72

D. P 3,927.27
3929. Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the bankers discount?
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A. 13.15%

B. 13.46%

C. 13.32%

D. 13.73 %
3930. A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?
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A. P 43,489.47

B. P 43,763.20

C. P 43,600.10

D. P 43,263.91

3931. First Benchmark Publishings gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?
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A. 20%

B. 21 %

C. 18%

D. 19%

3932. A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period ?
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A. 5,937.50

B. 5,873.20

C. 5,712.40

D. 5,690.12

3933. The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?
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A. 3.92%

B. 3.98%

C. 3.90 %

D. 3.95%

3934. What is the type of annuity where the payments are made at the beginning of the each period starting from the first period ?
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A. Ordinary annuity

B. Annuity due

C. Deferred annuity

D. Perpetuity

3935. What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?
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A. Goods

B. Commodities

C. Goods or commodities

D. Services
3936. A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment ?
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A. P 2,544.45

B. P 2,500.57

C. P 2,504.57

D. P 2,540.56

3937. Perfect monopoly exists only if_______________?
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A. the single vendor is the only one who has the knowledge of the product

B. the single vendor can prevent the entry of all other vendors in the market

C. the single vendor is the only one who has the permit to sell

D. the single vendor gets the absolute franchise of the product

3938. The functional depreciation is sometimes called ____________________?
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A. Failure depreciation

B. Life depreciation

C. Demand depreciation

D. Adolescence
3939. A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand ?
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A. 1.6 hours per unit

B. 1.4 hours per unit

C. 1.0 hour per unit

D. 1.2 hours per unit

3940. What are the common methods of computing depletion charge ?
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A. Discrete method and depletion allowance method

B. Unit method and percentage method

C. Conservative method and conventional method

D. Rational method and irrational method

3941. What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?
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A. Necessity

B. Stock

C. Utility

D. Commodity
3942. Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal. This statement is known as the_________________?
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A. Law of demand

B. Law of supply and demand

C. Law of diminishing return

D. Law of supply

3943. The price at which the callable bond will be redeemed from the bondholder is called ____________________?
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A. Call value

B. Redemption value

C. Face value

D. Par value

3944. In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year ?
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A. Straight line method

B. Sinking fund method

C. Declining balance method

D. Sum-of-year digit method

3945. What is the type of annuity where the first payment does not begin until some later date in the cash flow ?
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A. Perpetuity

B. Deferred annuity

C. Annuity due

D. Ordinary annuity

3946. A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries ?
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A. Collateral trust bond

B. Joint bond

C. Security bond

D. Mortgage bond

3947. A uniform series of payment occurring at equal interval of time is called ____________________?
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A. Amortization

B. Depreciation

C. Bond

D. Annuity
3948. 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 ?
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A. Bank notes

B. T-bills

C. Securities

D. Bond
3949. What is another term for unit method for computing depletion ?
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A. Percentage method

B. Sinking fund method

C. Factor method

D. Initial cost method

3950. What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days______________?
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A. 19.72 %

B. 19.44%

C. 19.61%

D. 19.31%