Practice Pakistan's most useful MCQs for competitive exams

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

Answer

Submitted By :Ali Uppal

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

Answer

Submitted By :Ali Uppal

Salvage value is sometimes known as _____________________?

• (A)  Scrap value
• (B)  Going value
• (C)  Junk value
• (D)  Second-hand value

Answer

Submitted By :Ali Uppal

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

Submitted By :Ali Uppal

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

Answer

Submitted By :Ali Uppal

What is the simplest form of business organization ?

• (A)  Sole proprietorship
• (B)  Partnership
• (C)  Enterprise
• (D)  Corporation

Answer

Submitted By :Ali Uppal

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

Answer

Submitted By :Ali Uppal

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

Submitted By :Ali Uppal

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

Submitted By :Ali Uppal

What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry ?

• (A)  Unstable economy
• (B)  Rate of interest cannot be exactly determined
• (C)  The initial deprecation is high
• (D)  The initial depreciation is low

Answer

Submitted By :Ali Uppal