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
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 ?
(A) Company value
(B) Going value
(C) Goodwill value
(D) Franchise value
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 ?
(A) Book value
(B) Market value
(C) Fair value
(D) Franchise value
Salvage value is sometimes known as _____________________?
(A) Scrap value
(B) Going value
(C) Junk value
(D) Second-hand value
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
A mathematical expression also known as the present value of annuity of one is called ____________________?
(A) Load factor
(B) Demand factor
(C) Sinking fund factor
(D) Present worth factor
What is the simplest form of business organization ?
(A) Sole proprietorship
(B) Partnership
(C) Enterprise
(D) Corporation
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?
(A) Sole proprietorship
(B) Entrepreneurship
(C) Partnership
(D) Corporation
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
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