__________________ 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
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
What represents the share of participation in business organizations?
(A) Franchise
(B) Partnership
(C) Stock
(D) Corporation
Cash money and credit necessary to establish and operate an enterprise are generally called _____________________?
(A) Capital
(B) Funds
(C) Assets
(D) Liabilities
What refers to the claim of anyone to ownership ?
(A) Proprietorship
(B) Assets
(C) Equity
(D) Liability
What is used when a quick estimate of the doubling time for the invested money is needed ?
(A) Rule of 48
(B) Rule of 36
(C) Rule of 24
(D) Rule of 72
What do you call a one-time credit against taxes ?
(A) Due credit
(B) Tax credit
(C) Credible credit
(D) Revenue credit
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
What is a measure of the average speed with which accounts receivable are collected ?
(A) Current ratio
(B) Quick ratio
(C) Acid test ratio
(D) Receivable turnover
All are classified under direct labor expenses EXCEPT one. Which one ?
(A) Inspection cost
(B) Testing cost
(C) Assembly cost
(D) Supervision cost