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Civil Engineering Mcqs

Submitted By :Ali Uppal


Which is true about corporation ?

  • (A)  It is worse type of business organization.
  • (B)  The minimum number of incorporators to start a corporation is three.
  • (C)  Its life is dependent on the lives of the incorporators.
  • (D)  The stock holders of the corporation are only liable to the extent of their investments.
Submitted By :Ali Uppal


Which is true about partnership ?

  • (A)  It has a perpetual life
  • (B)  It will be dissolved if one of the partners ceases to be connected with the partnership
  • (C)  It can be handed down from one generation of partners to another
  • (D)  Its capitalization must be equal for each partner
Submitted By :Ali Uppal


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
Submitted By :Ali Uppal


Double taxation is a disadvantage of which business organization ?

  • (A)  Sole proprietorship
  • (B)  Partnership
  • (C)  Corporation
  • (D)  Enterprise
Submitted By :Ali Uppal


What is an accounting term that represents an inventory account adjustment ?

  • (A)  Cost of goods sold
  • (B)  Cost accounting
  • (C)  Standard cost
  • (D)  Overhead cost
Submitted By :Ali Uppal


What is another term for “current assets” ?

  • (A)  Fixed assets
  • (B)  Non-liquid assets
  • (C)  Liquid assets
  • (D)  Ccash
Submitted By :Ali Uppal


Submitted By :Ali Uppal


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
Submitted By :Ali Uppal


Which of the following is an example of intangible asset ?

  • (A)  Cash
  • (B)  Investment in subsidiary companies
  • (C)  Furnitures
  • (D)  Patents
Submitted By :Ali Uppal