A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ___________________?
(A) Cooperative
(B) Corporation
(C) Enterprise
(D) Partnership
What is a government bond which has an indefinite life rather than a specific maturity ?
(A) Coupon
(B) T-bill
(C) Debenture
(D) Consol
What is another term for “acid-test ratio” ?
(A) Current ratio
(B) Quick ratio
(C) Profit margin ratio
(D) Price-earnings ratio
Gross margin is the ratio of the gross profit to _________________?
(A) Net sale
(B) Owner’s equity
(C) Inventory turnover
(D) Quick assets
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
Which one the following is a correct statement ?
(A) The vertical section of the soil extending into the parent material, is called profile
(B) The layers of the soil parallel to the earth surface are called horizons
(C) The transitional layer between two adjoining horizons is called boundary
(D) All of these
What is defined as the current assets minus inventories and prepaid expenses ?
(A) Profit margin ratio
(B) Price-earnings ratio
(C) Return of investment ratio
(D) Quick ratio
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
What is an index of short-term paying ability ?
(A) Price-earnings ratio
(B) Current ratio
(C) Profit margin ratio
(D) Gross margin
Which one of the following statements is correct ?
(A) The function of an information system is to improve one s ability to make decisions
(B) The information system is the chain of operations
(C) A map is a collection of stored, analysed data, its stored information is suitability used in making decisions
(D) All the above