civil engineering Mcqs
3951. What is the opposite of perfect competition ?
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A. Oligopoly

B. Monopoly

C. Oligopsony

D. Monopsony

3952. What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties ?
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A. Fair value

B. Market value

C. Book value

D. Franchise value

3953. What type of bond is issued jointly by two or more corporations ?
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A. Trust bond

B. Mortgage bond

C. Joint bond

D. Tie-up bond

3954. What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?
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A. Effective rate of interest

B. Simple interest

C. Compound interest

D. Nominal rate of interest

3955. A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even ?
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A. 2,712

B. 2,890

C. 2,632

D. 2.59

3956. What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
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A. 8.12%

B. 8.16%

C. 8.24 %

D. 8.07%

3957. The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called __________________?
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A. Fair value

B. Good will value

C. Market value

D. Book value

3958. What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?
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A. Market

B. Mall

C. Office

D. Store

3959. The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are below.
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A. how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected ?

B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.

C. The construction of the building now to cost P 400,000

3960. What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 % ?
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A. P 717.17

B. P 731.17

C. P 727.17

D. P 714.71

3961. In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity ?
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A. P 18,289.05

B. P 15,030.03

C. P 20,113.57

D. P 16,892.34

3962. What is another term for perfect competition ?
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A. Free-for-all competition

B. No-limit competition

C. Atomistic competition

D. Heterogeneous market

3963. Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest ?
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A. 25.0 %

B. 23.50%

C. 24.70%

D. 25.80%

3964. What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?
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A. Rate of return

B. Yield rate

C. Economic return

D. Rate of interest
3965. 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 _________________?
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A. 1,033

B. 1,037

C. 1,043

D. 1,053
3966. What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn ?
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A. Yield

B. Present worth factor

C. Time value of money

D. Interest rate

3967. Which of these gives the lowest effective rate of interest ?
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A. 12.20 % compounded annually

B. 11.60 % compounded annually

C. 11.90 % compounded annually

D. 12.35 % compounded annually

3968. The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?
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A. 12 months

B. 10 months

C. 11 months

D. 13 months

3969. Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?
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A. Homogeneous product

B. All of the above

C. Perfect information and absence of all economic friction

D. Free market entry and exit

3970. A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?
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A. 12.32%

B. 11.50%

C. 11.95%

D. 11.75 %
3971. A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due ?
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A. P 3,250.34

B. P 3,270.34

C. P 3,260.34

D. P 3,280.34

3972. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?
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A. 11.87 years

B. 11.46 years

C. 11.57 years

D. 11.23 years

3973. What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?
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A. P39.82

B. P39.99

C. P39.01

D. P39.45
3974. Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year ?
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A. P 4,820.00

B. P 4,860.00

C. P 4,840.00

D. P 4,880.00

3975. The process of determining the value or worth of a physical property for specific reason is called ____________________?
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A. Depletion

B. Valuation

C. Investment

D. Economy

3976. 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 ?
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A. Stock

B. Promissory note

C. Bond

D. T-bills

3977. A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10% ?
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A. P1,459.64

B. P1,945.64

C. P1,549.64

D. P1,345.98

3978. What refers to the present worth of all the amount the bondholder will receive through his possession of the bond ?
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A. Redeemed value of bond

B. Value of bond

C. Par value of bond

D. Face value of bond

3979. What type of bond where the corporations owner name are recorded and the interest is paid periodically to the owners with their asking for it ?
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A. Callable bond

B. Preferred bond

C. Registered bond

D. Incorporators bond

3980. Under ordinary simple interest, how many days in one year ?
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A. 366

B. 365

C. 360

D. 300

3981. A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually ?
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A. P 143,999.08

B. P 142,189.67

C. P 143,104.89

D. P 142,999.08

3982. What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied ?
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A. Luxury

B. Necessity

C. Producer products

D. Consumer products

3983. What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?
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A. P 7,654.04

B. P 7,420.89

C. P 7,590.12

D. P 7,731.29
3984. Which is NOT an essential element of an ordinary annuity ?
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A. Compound interest is paid on all amounts in the annuity.

B. The first payment is made at the beginning of the first period.

C. The amounts of all payments are equal.

D. The payments are made at equal interval of time.

3985. The difference between the present and future worth of money at some time in the future is called __________________?
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A. Inflation

B. Discount

C. Depletion

D. Deduction

3986. The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion?
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A. $5,025,000.00

B. $5,010,000.00

C. $5,050,000.00

D. $ 5,000,000.00
3987. Oligopoly exists when there is/are _______________?
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A. Few sellers and many buyers

B. Many sellers and few buyers

C. Few sellers and few buyers

D. One seller and few buyers

3988. The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ____________________?
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A. Fixed cost

B. Material cost

C. First cost

D. In-place value
3989. In computing depreciation of an equipment, which of the following represents the first cost ?
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A. Initial taxes and permit fees

B. All of the above

C. The original purchase price and freight charges

D. Installation expenses

3990. The declining balance method is also known as ____________________?
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A. Modified sinking fund method

B. Double percentage method

C. Modified SYD method

D. Constant percentage method
3991. A bond without any security behind them except a promise to pay by the issuing corporation is called __________________?
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A. Joint bond

B. Common bond

C. Trust bond

D. Debenture bond
3992. A _____________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ?
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A. Ordinary monopoly

B. Perfect monopoly

C. Natural monopoly

D. Bilateral monopoly

3993. A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same ?
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A. 1,040 feet

B. 1,120 feet

C. 1,000 feet

D. 1,100 feet

3994. Salvage value is sometimes known as _____________________?
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A. Second-hand value

B. Junk value

C. Scrap value

D. Going value

3995. A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan ?
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A. P 6,999.39

B. P 6,292.93

C. P 6,922.93

D. P 6,222.39

3996. 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 ?
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A. 8 years

B. 7 eyars

C. 10 years

D. 9 years
3997. 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 ?
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A. Company value

B. Going value

C. Goodwill value

D. Franchise value
3998. What is the market situation exist when there are many buyers and many sellers ?
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A. Oligopsony

B. Perfect competition

C. Monopoly

D. Oligopoly

3999. A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment ?
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A. 3.40%

B. 3.0%

C. 3.70%

D. 4.00%

4000. Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded ?
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A. Annually

B. Monthly

C. Quarterly

D. Bimonthly