MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 252 Mcqs, each offering curated multiple-choice questions to sharpen your Civil Engineering knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
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 | |
| 102. |
Using factor method, the depletion at any given year is equal to ? |
| A. | Initial cost of property times number of unit sold during the year divided by the total units in property |
| B. | Initial cost of property divided by the number of units sold during the year |
| C. | Initial cost of property times number of units sold during the year |
| D. | Initial cost of property divided by the total units in property |
| Answer» B. Initial cost of property divided by the number of units sold during the year | |
| 103. |
Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ? |
| A. | Fixed percentage of gross income or the net taxable income |
| B. | Fixed percentage of gross income or 50% of the net taxable income |
| C. | 50% of the fixed percentage of gross income or 50% of the net taxable income |
| D. | 50% of the fixed percentage of gross income or the net taxable income |
| Answer» C. 50% of the fixed percentage of gross income or 50% of the net taxable income | |
| 104. |
Under ordinary simple interest, how many days in one year ? |
| A. | 300 |
| B. | 360 |
| C. | 365 |
| D. | 366 |
| Answer» C. 365 | |
| 105. |
“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_________________? |
| A. | Law of diminishing return |
| B. | Law of supply |
| C. | Law of demand |
| D. | Law of supply and demand |
| Answer» E. | |
| 106. |
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called _____________________? |
| A. | Sunk cost |
| B. | Economic life |
| C. | In-place value |
| D. | Annuity |
| Answer» B. Economic life | |
| 107. |
The true value of interest rate computed by equations for compound interest for a 1 year period is known as __________________? |
| A. | Expected return |
| B. | Nominal interest |
| C. | Effective interest |
| D. | Economic return |
| Answer» D. Economic return | |
| 108. |
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? |
| A. | $ 5,000,000.00 |
| B. | $ 5,010,000.00 |
| C. | $ 5,025,000.00 |
| D. | $ 5,050,000.00 |
| Answer» B. $ 5,010,000.00 | |
| 109. |
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 | |
| 110. |
The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________? |
| A. | Yield |
| B. | Economic return |
| C. | Earning value |
| D. | Gain |
| Answer» C. Earning value | |
| 111. |
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 | |
| 112. |
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 | |
| 113. |
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 | |
| 114. |
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 | |
| 115. |
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._x005F_x000D_1. The construction of the building now to cost P 400,000_x005F_x000D_2. 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._x005F_x000D_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. | |
| 116. |
The functional depreciation is sometimes called ____________________? |
| A. | Demand depreciation |
| B. | Adolescence |
| C. | Life depreciation |
| D. | Failure depreciation |
| Answer» C. Life depreciation | |
| 117. |
The flow back of profit plus depreciation form a given project is called ___________________? |
| A. | Capital recovery |
| B. | Cash flow |
| C. | Economic return |
| D. | Earning value |
| Answer» C. Economic return | |
| 118. |
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 ____________________? |
| A. | Material cost |
| B. | Fixed cost |
| C. | First cost |
| D. | In-place value |
| Answer» E. | |
| 119. |
The financial health of the company is measured in terms of______________? |
| A. | Liquidity |
| B. | Solvency |
| C. | Relative risk |
| D. | All of the above |
| Answer» E. | |
| 120. |
The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ? |
| A. | 3.90 % |
| B. | 3.92 % |
| C. | 3.95 % |
| D. | 3.98 % |
| Answer» B. 3.92 % | |
| 121. |
The difference between the present and future worth of money at some time in the future is called __________________? |
| A. | Discount |
| B. | Deduction |
| C. | Inflation |
| D. | Depletion |
| Answer» B. Deduction | |
| 122. |
The depletion allowance method of computing depletion is commonly known as ___________________? |
| A. | Unit method |
| B. | Percentage method |
| C. | Factor method |
| D. | Sinking fund method |
| Answer» C. Factor method | |
| 123. |
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 | |
| 124. |
The declining balance method is also known as ____________________? |
| A. | Double percentage method |
| B. | Constant percentage method |
| C. | Modified sinking fund method |
| D. | Modified SYD method |
| Answer» C. Modified sinking fund method | |
| 125. |
The common ratio is the ratio of_______________? |
| A. | Net credit sales to average net receivable |
| B. | Current assets to current liabilities |
| C. | Gross profit to net sales |
| D. | Net income to owner’s equity |
| Answer» C. Gross profit to net sales | |
| 126. |
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 __________________? |
| A. | Fair value |
| B. | Market value |
| C. | Good will value |
| D. | Book value |
| Answer» C. Good will value | |
| 127. |
The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ___________________? |
| A. | Dividend |
| B. | Return |
| C. | Share of stock |
| D. | Equity |
| Answer» B. Return | |
| 128. |
Salvage value is sometimes known as _____________________? |
| A. | Scrap value |
| B. | Going value |
| C. | Junk value |
| D. | Second-hand value |
| Answer» E. | |
| 129. |
Return on investment ratio is the ratio of the_____________? |
| A. | Net income to owner’s equity |
| B. | Market price per share to earnings per share |
| C. | Cost of goods sold to average cost of inventory at hand |
| D. | Net credit sales to average net receivable |
| Answer» B. Market price per share to earnings per share | |
| 130. |
Perfect monopoly exists only if_______________? |
| A. | the single vendor can prevent the entry of all other vendors in the market |
| B. | the single vendor gets the absolute franchise of the product |
| C. | the single vendor is the only one who has the permit to sell |
| D. | the single vendor is the only one who has the knowledge of the product |
| Answer» B. the single vendor gets the absolute franchise of the product | |
| 131. |
One banker’s year is equivalent to ________________ days? |
| A. | 300 |
| B. | 360 |
| C. | 365 |
| D. | 366 |
| Answer» C. 365 | |
| 132. |
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» D. One seller and few buyers | |
| 133. |
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? |
| A. | P18,000 |
| B. | P18,900 |
| C. | P19,000 |
| D. | P19,100 |
| Answer» B. P18,900 | |
| 134. |
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. | |
| 135. |
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 “banker’s discount”? |
| A. | 13.15 % |
| B. | 13.32 % |
| C. | 13.46 % |
| D. | 13.73 % |
| Answer» E. | |
| 136. |
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 ? |
| A. | P 4,880.00 |
| B. | P 4,820.00 |
| C. | P 4,860.00 |
| D. | P 4,840.00 |
| Answer» D. P 4,840.00 | |
| 137. |
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 | |
| 138. |
Lands, buildings, plants and machineries are example of what type of asset ? |
| A. | Current asset |
| B. | Trade investment asset |
| C. | Fixed asset |
| D. | Intangible asset |
| Answer» D. Intangible asset | |
| 139. |
__________________ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations? |
| A. | Status company |
| B. | Big income |
| C. | Known owners |
| D. | Goodwill |
| Answer» E. | |
| 140. |
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 | |
| 141. |
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 ? |
| A. | P 15,030.03 |
| B. | P 20,113.57 |
| C. | P 18,289.05 |
| D. | P 16,892.34 |
| Answer» B. P 20,113.57 | |
| 142. |
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 ? |
| A. | Straight line method |
| B. | Sinking fund method |
| C. | Sum-of-year digit method |
| D. | Declining balance method |
| Answer» B. Sinking fund method | |
| 143. |
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. | |
| 144. |
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes ? |
| A. | Straight line method |
| B. | Sinking fund method |
| C. | Sum-of-year digit method |
| D. | Declining balance method |
| Answer» C. Sum-of-year digit method | |
| 145. |
In computing depreciation of an equipment, which of the following represents the first cost ? |
| A. | The original purchase price and freight charges |
| B. | Installation expenses |
| C. | Initial taxes and permit fees |
| D. | All of the above |
| Answer» E. | |
| 146. |
In case of bankruptcy of a partnership________________? |
| A. | The partners are not liable for the liabilities of the partnership |
| B. | The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities |
| C. | The partners personal assets are attached to the debt of the partnership |
| D. | The partners nay sell stock to generate additional capital |
| Answer» C. The partners personal assets are attached to the debt of the partnership | |
| 147. |
If there is only one seller and many buyers, the market situation is ______________________? |
| A. | Duopsony |
| B. | Oligopoly |
| C. | Oligopsony |
| D. | Monopoly |
| Answer» E. | |
| 148. |
If there are many sellers and few buyers, the market situation is ______________________? |
| A. | Duopsony |
| B. | Oligopoly |
| C. | Oligopsony |
| D. | Monopoly |
| Answer» D. Monopoly | |
| 149. |
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 | |
| 150. |
Gross margin is the ratio of the gross profit to _________________? |
| A. | Net sale |
| B. | Owner’s equity |
| C. | Inventory turnover |
| D. | Quick assets |
| Answer» B. Owner’s equity | |