MCQOPTIONS
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MCQOPTIONS
This section includes 431 Mcqs, each offering curated multiple-choice questions to sharpen your Civil Engineering knowledge and support exam preparation. Choose a topic below to get started.
| 351. |
The original record of a business transaction is recorded in this book. |
| A. | Work book |
| B. | Journal |
| C. | Ledger |
| D. | Account book |
| Answer» C. Ledger | |
| 352. |
What annuity is required over 12 years to equate with a future amount of P 20,000? Assume i= 6% annually. |
| A. | P 1,290.34 |
| B. | P 1,185.54 |
| C. | P 1,107.34 |
| D. | P 1,205.74 |
| Answer» C. P 1,107.34 | |
| 353. |
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? |
| A. | 2.590 |
| B. | 2,632 |
| C. | 2,712 |
| D. | 2,890 |
| Answer» C. 2,712 | |
| 354. |
What is another term for “perfect competition”?$ |
| A. | Atomistic competition |
| B. | No-limit competition |
| C. | Free-for-all competition |
| D. | Heterogeneous market |
| Answer» B. No-limit competition | |
| 355. |
What refers to the negotiable claim issued by a bank in lien of a term deposit? |
| A. | Time deposit |
| B. | Bond |
| C. | Capital gain certificate |
| D. | Certificate of deposit |
| Answer» E. | |
| 356. |
The functional depreciation is sometimes called ______. |
| A. | Demand depreciation |
| B. | Adolescence |
| C. | Life depreciation |
| D. | Failure depreciation |
| Answer» C. Life depreciation | |
| 357. |
What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment? |
| A. | Economic return |
| B. | Yield |
| C. | Rate of return |
| D. | Return of investment |
| Answer» D. Return of investment | |
| 358. |
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? |
| A. | Bond |
| B. | T-bills |
| C. | Stock |
| D. | Promissory note |
| Answer» B. T-bills | |
| 359. |
Mr. David deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, he will receive an amount of Rs X, 10 years from now, where ‘X’ is$ |
| A. | Rs. 3415 |
| B. | Rs. 4225 |
| C. | Rs. 4413 |
| D. | Rs. 4826 |
| Answer» D. Rs. 4826 | |
| 360. |
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? |
| A. | Straight line method |
| B. | Sinking fund method |
| C. | Sum-of-year digit method |
| D. | Declining balance method |
| Answer» E. | |
| 361. |
What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1]? |
| A. | Uniform series sinking fund |
| B. | Capital recovery |
| C. | Single payment present worth |
| D. | Uniform gradient future worth |
| Answer» C. Single payment present worth | |
| 362. |
What is a secondary book of accounts, the information of which is obtained from the journal is called? |
| A. | Balanced sheet |
| B. | Ledger |
| C. | Worksheet |
| D. | Trial balance |
| Answer» C. Worksheet | |
| 363. |
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. |
| A. | 1,000 feet |
| B. | 1,040 feet |
| C. | 1,100 feet |
| D. | 1,120 feet |
| Answer» B. 1,040 feet | |
| 364. |
What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want? |
| A. | Services |
| B. | Goods |
| C. | Commodities |
| D. | Goods or commodities |
| Answer» E. | |
| 365. |
Pick up the method used for project evaluation and selection in capital budgeting from the following: |
| A. | Payback period |
| B. | Internal ratio of return |
| C. | Net present worth |
| D. | All the above |
| Answer» E. | |
| 366. |
Pick up the correct method adopted for developing the approximate or conceptual estimates from the following: |
| A. | Base unit method |
| B. | Cost per function method |
| C. | Cost per square metre |
| D. | All of these |
| Answer» E. | |
| 367. |
First Benchmark Publishing’s 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?$ |
| A. | 21 % |
| B. | 20 % |
| C. | 19 % |
| D. | 18 % |
| Answer» B. 20 % | |
| 368. |
Oligopoly exists when there is/are: |
| A. | Few sellers and few buyers |
| B. | Few sellers and many buyers |
| C. | Many sellers and few buyers |
| D. | One seller and few buyers |
| Answer» C. Many sellers and few buyers | |
| 369. |
What is the factor name of the formula (1+i)^-n? |
| A. | Uniform gradient future worth |
| B. | Capital recovery |
| C. | Single payment present worth |
| D. | Single payment compound amount |
| Answer» D. Single payment compound amount | |
| 370. |
What is the type of annuity where the first payment does not begin until some later date in the cash flow? |
| A. | Ordinary annuity |
| B. | Perpetuity |
| C. | Annuity due |
| D. | Deferred annuity |
| Answer» E. | |
| 371. |
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? |
| A. | 5,937.50 |
| B. | 5,873.20 |
| C. | 5,712.40 |
| D. | 5,690.12 |
| Answer» B. 5,873.20 | |
| 372. |
Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest. |
| A. | 12.19 % |
| B. | 12.03 % |
| C. | 11.54 % |
| D. | 10.29 % |
| Answer» E. | |
| 373. |
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? |
| A. | 6.89 % |
| B. | 6.65 % |
| C. | 6.58 % |
| D. | 6.12 % |
| Answer» C. 6.58 % | |
| 374. |
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? |
| A. | 10 months |
| B. | 11 months |
| C. | 12 months |
| D. | 13 months |
| Answer» D. 13 months | |
| 375. |
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. 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.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected? |
| A. | P 19,122.15 |
| B. | P 19,423.69 |
| C. | P 19,518.03 |
| D. | P 19,624.49 |
| Answer» E. | |
| 376. |
What is the market situation exist when there are many buyers and many sellers? |
| A. | Perfect competition |
| B. | Oligopoly |
| C. | Oligopsony |
| D. | Monopoly |
| Answer» B. Oligopoly | |
| 377. |
What is the ordinary interest on P1,500.50 for 182 days at 5.2%? |
| A. | P39.01 |
| B. | P39.82 |
| C. | P39.45 |
| D. | P39.99 |
| Answer» D. P39.99 | |
| 378. |
The ability to meet debts as they become due is known as ______. |
| A. | Solvency |
| B. | Leverage |
| C. | Insolvency |
| D. | Liquidity |
| Answer» B. Leverage | |
| 379. |
The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______.$ |
| A. | Currency appreciation |
| B. | Currency depreciation |
| C. | Currency devaluation |
| D. | Currency float |
| Answer» D. Currency float | |
| 380. |
What market situation exists where there is only one buyer and only one seller? |
| A. | Monopsony |
| B. | Monopoly |
| C. | Bilateral monopsony |
| D. | Bilateral monopoly |
| Answer» E. | |
| 381. |
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 |
| Answer» B. Inflation | |
| 382. |
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. |
| A. | 28.33 % |
| B. | 29.17 % |
| C. | 30.12 % |
| D. | 30.78 % |
| Answer» C. 30.12 % | |
| 383. |
The ratio of the net income before taxes to net sales is called ______. |
| A. | Current ratio |
| B. | Inventory turnover |
| C. | Profit margin ratio |
| D. | Price-earnings ratio |
| Answer» D. Price-earnings ratio | |
| 384. |
What type of bond where the corporation’s owner name are recorded and the interest is paid periodically to the owners with their asking for it?$ |
| A. | Preferred bond |
| B. | Registered bond |
| C. | Incorporators bond |
| D. | Callable bond |
| Answer» C. Incorporators bond | |
| 385. |
The price at which the callable bond will be redeemed from the bondholder is called ______. |
| A. | Par value |
| B. | Call value |
| C. | Face value |
| D. | Redemption value |
| Answer» C. Face value | |
| 386. |
The process of determining the value or worth of a physical property for specific reason is called ______. |
| A. | Investment |
| B. | Valuation |
| C. | Economy |
| D. | Depletion |
| Answer» C. Economy | |
| 387. |
Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded. |
| A. | Monthly |
| B. | Bimonthly |
| C. | Quarterly |
| D. | Annually |
| Answer» D. Annually | |
| 388. |
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? |
| A. | P 3,260.34 |
| B. | P 3,280.34 |
| C. | P 3,270.34 |
| D. | P 3,250.34 |
| Answer» B. P 3,280.34 | |
| 389. |
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%. |
| A. | P1,549.64 |
| B. | P1,459.64 |
| C. | P1,345.98 |
| D. | P1,945.64 |
| Answer» B. P1,459.64 | |
| 390. |
A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount? |
| A. | 3.67 % |
| B. | 4.00 % |
| C. | 4.15 % |
| D. | 4.25 % |
| Answer» C. 4.15 % | |
| 391. |
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 |
| Answer» D. 10 years | |
| 392. |
What refers to the goods and services that are required to support human life, needs and activities? |
| A. | Producer products |
| B. | Consumer products |
| C. | Luxury |
| D. | Necessity |
| Answer» E. | |
| 393. |
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. |
| A. | Corporation |
| B. | Property |
| C. | Partnership |
| D. | Organization |
| Answer» B. Property | |
| 394. |
What refers to the present worth of the probable future net earnings? |
| A. | Total fair value |
| B. | Total market value |
| C. | Going concern value |
| D. | Earning value |
| Answer» E. | |
| 395. |
A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries. |
| A. | Mortgage bond |
| B. | Joint bond |
| C. | Security bond |
| D. | Collateral trust bond |
| Answer» E. | |
| 396. |
How long will it take money to double itself if invested at 5% compounded annually? |
| A. | 13.7 years |
| B. | 14.7 years |
| C. | 14.2 years |
| D. | 15.3 years |
| Answer» D. 15.3 years | |
| 397. |
Under ordinary simple interest, how many days in one year? |
| A. | 300 |
| B. | 360 |
| C. | 365 |
| D. | 366 |
| Answer» C. 365 | |
| 398. |
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%. |
| A. | P 9,358.41 |
| B. | P 9,228.45 |
| C. | P 9,250.00 |
| D. | P 9,308.45 |
| Answer» D. P 9,308.45 | |
| 399. |
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 |
| A. | P 3,279.27 |
| B. | P 3,927.27 |
| C. | P 3,729.27 |
| D. | P 3,792.72 |
| Answer» C. P 3,729.27 | |
| 400. |
You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank? |
| A. | P 62.44 |
| B. | P44.55 |
| C. | P54.66 |
| D. | P37.56 |
| Answer» D. P37.56 | |