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1. Scrap value of an asset is sometimes known as

a) Salvage value c) Present worth
b) Book value d) Scrap value

2. Parties whose consent or signature in a contract is not considered intelligent

a) Dead person c) Senior citizen
b) Demented person d) Minors

3. The ratio of the interest payment to the principal for a given unit of time and
usually expressed as a percentage of the principal
a) Interest rate c) Investment
b) Interest d) None of the above

4. The true value of interest rate computed by equations for compound interest for 1-year
period is known as
a) Effective interest c) Interest
b) Nominal interest d) Nominal

5. Type of ownership in business where individuals exercise and enjoy the right in their
own interest
a) Old c) Public
b) New d) Private

6. The intangible item of value from the exclusive right of a company in a stated region
of the country
a) Book value c) Franchise value
b) Market value d) No value

7. Decrease in the value of physical property due to the passage of time

a) Inflation c) Depreciation
b) Recession d) Deflation

8. An association of two or more individuals for the purpose of operating business as co-
owners
a) Sole Proprietorship c) Company
b) Partnership d) Corporation

9. It is defined to be the capacity of a commodity to satisfy human want

a) Necessity c) Luxury
b) Discount d) Utility

10. The recorded current value of an asset is known as

a) Book value c) Salvage value
b) Scrap value d) Present worth

11. Worth of the property equals to the original cost less depreciation
a) Market value c) Face value
b) Book value d) Scrap value

12. Liquid assets such as cash and other assets that can be converted quickly into cash,
such as accounts receivable and merchandise
a) Current assets c) Fixed assets
b) Total assets d) Assets

13. The length of time which property may be operated at a profit

a) Physical life c) Operating life
b) Economic life d) All of the above

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14. Grand total of the assets and operational capability of a corporation

a) Authorized capital c) Subscribed capital
b) Investment d) Money market

15. A condition where only a few individuals produce a certain product and any action of
one will lead to almost the same actions of the others
a) Oligopoly c) Monopoly
b) Semi-monopoly d) Perfect competition

16. These are products or services that are desired by humans and will be purchased if
money is available after the required necessities have been obtained
a) Want c) Luxuries
b) Necessities d) Goods

17. This occurs in a situation where a commodity or service is supplied by a number of

vendors entering the market
a) Monopoly c) Perfect competition
b) Oligopoly d) Monopsony

18. These are products or services that are required to support human life and activities
a) Necessities c) Luxury
b) Utility d) Goods

19. Money paid for the use of borrowed capital

a) Discount c) Credit
b) Interest d) Profit

20. It is the amount which a willing buyer will pay to a willing seller for a property
where each has an equal advantage and is under no compulsion to buy or sell
a) Book value c) Market value
b) Fair value d) Salvage value

21. The provision in the contract that indicates the possible adjustment of material cost
and labor cost
a) Escalatory clause c) Sub clause
b) Secondary clause d) Main clause

22. Cumulative effect of elapsed time on the money value of an event

a) Time value of money c) Yield
b) Interest d) Present worth

23. The present worth of all depreciation over the economic life of the item is called
a) Sinking fund c) Depreciation recovery
b) Capital recovery d) Book value

24. Defined as future value minus the present value

a) Interest c) Capital
b) Discount d) Profit

25. A situation where there are few sellers and few buyers
a) Bilateral oligopoly c) Oligopoly
b) Bilateral monopsony d) Monopsony

26. A market situation where there is only one seller with many buyers
a) Monopsony c) Oligopoly
b) Monopoly d) Oligopsony

27. Worth of the property as shown in accounting records of an enterprise

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a) Market value c) Fair value

b) Salvage value d) Book value

28. Gross profit, sales less the cost of goods sold, as a percentage of sales is called
a) Initial investment c) Profit margin
b) Net income d) Gross margin

29. The interest rate at which the present work of the cash on a project is zero of the
interest by an investment
a) Nominal rate c) Rate of return
b) Effective rate d) Yield

30. Funds that are required to make the enterprise or project a going concern
a) Current accounts c) Initial investments
b) Working capital d) Subscribed capital

31. Two coats of paint are required for an elevated water pipeline 7 inches in diameter
(outside diameter) and 2000 ft long. If a gallon of paint covers 200 sq. ft. on the first
coat and 250 sq.ft. on the second coat, how many gallons are needed?
a) 30 gallons c) 32 gallons
b) 33 gallons d) 31 gallons

32. One cubic yard can give you a volume equivalent to:
a) 0.2835 cu.m c) 0.9232 cu.m
b) 0.7651 cu.m d) 0.2024 cu.m

33. What is the corresponding effective rate of 18% compounded semi-quarterly?

a) 18.45% c) 19.48%
b) 19.25% d) 18.25%

34. If the total working area of the plunger of a pump is 10 sq. inch., what is the total
force in pounds of the plunger when pumping against 1.25 lbs. per inch?
a) 11.5 c) 12.5
b) 13.5 d) 14.5

35. Find the 25th term of an arithmetic progression 5, 8, 11, 14, ...
a) 79 c) 83
b) 77 d) 76

36. What is the weight of a solid ball of brass 6 inches in diameter? SG = 8.4
a) 33.3 lbs c) 35.3 lbs
b) 34.3 lbs d) 36.5 lbs

37. What is the radius of the circle whose area is equal to that of a rectangle whose
sides are 26.9 in and 12.5 in respectively?
a) 11.54 in c) 10.34 in
b) 12.54 in d) 12.44 in

38. Find the diameter of a circle whose area is equal to the difference between the area
of an 8-inch circle and the area of a 4-inch circle
a) 12.5 in c) 6.93 in
b) 5.26 in d) 3.79 in

39. Find the present worth of a future payment of 100,000 to be made in 10 years with an
interest of 12% compounded quarterly.
a) 33,000.00 c) 30,655.68
b) 30,444.44 d) 30,546.01

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40. A motorboat went 70 miles in 4 hours when traveling at full stream upstream on a
river whose current flows at a rate of 6mph. How much can the boat travel in still water?
a) 22.5 mph c) 21.5 mph
b) 23.5 mph d) 24.5 mph

41. At what rate of interest compounded quarterly will an investment double in 4 years?
a) 16.61% c) 15.51%
b) 17.71% d) 14.41%

42. What is the percent lime in a slurry if 12 lb of lime are mixed in a 55-gal drum that
contains 52 gal of water?
a) 9.0 % c) 4.5 %
b) 5.4 % d) 2.7 %

43. A well produces 365 gpm with a drawdown of 22.5 ft. What is the specific yield in
gallons per minute per foot?
a) 32.4 gpm/ft c) 36.5 gpm/ft
b) 16.2 gpm/ft d) 22.5 gpm/ft

44. The hypotenuse of a right triangle is 34cm. Find the length of the shorter leg if it
is 14 cm shorter than the other leg.
a) 17 c) 16
b) 15 d) 18

45. In triangle ABC, A=45 degrees and C=70 degrees. Find the side opposite to A if line
AB=40m
a) 33.64m c) 29.20m
b) 31.70m d) 30.10m

46. A drop of falling water passes at a point 300m from the ground at a speed of 20m/
sec. How high above the ground will it be 3 seconds later?
a) 198 m c) 195.80 m
b) 104.20 m d) 112 m

47. If the grade of a sanitary sewer has a slope of 0.10% for 1,200 ft, what is the rise
of the pipe?
a) 1201.2 ft c) 1.20 ft
b) 0.01 ft d) 0.12 ft

48. What is the Fahrenheit equivalent of 26.5 degrees centigrade?

a) 82.34 c) 81.5
b) 79.7 d) 80.12

49. Find the distance from the point (5, -3) to the line 7x-4y-28=0
a) 2.36 c) 3.54
b) 3.10 d) 2.75

50. How many gallons of 6% sodium hypochlorite are needed to disinfect a 1.0ft diameter
pipeline that is 752 ft. long? The required dosage is 25.0 mg/L
a) 0.92 c) 1.84
b) 15.3 d) 4.43

51. The branch of mathematics dealing with integers, and more generally, numerical
computation
a) Algebra c) Geometry
b) Arithmetic d) Trigonometry

52. The volume of the cube is equal to the cube of the measure of its
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a) Angle c) Edge
b) Corner d) Diagonal

53. Number that can be exactly divided by two is:

a) Real c) Original
b) Even d) Integer

54. If each of two lines is perpendicular to the same line, then the lines are:
a) Perpendicular c) Tangent
b) Parallel d) Converging

55. We may classify an interest rate which specifies the actual rate of interest on the
principal for one year as
a) Nominal rate c) Exact interest ratio
b) Rate of return d) Effective rate

56. Decrease in the value of physical property due to the passage of time
a) Depletion c) Depreciation
b) Recession d) Inflation

57. A polygon with ten sides

a) Option 1 c) Dodecagon
b) Undecagon d) Decagon

58. For any two triangles, if an angle of one triangle is congruent to an angle of the
other and if two sides of one triangle are proportional to the two sides of the other,
they are what kind of triangles?
a) Complementary c) Supplementary
b) Similar d) Dissimilar

59. A space that is devoid of matter and in which the pressure is zero
a) Black hole c) Vacuum
b) Outer space d) Inner space

60. Two angles having the same vertex and the side of one is the prolongation of the side
of the other is?
a) Acute angle c) Obtuse angle
b) Scalene angle d) Vertical angle

61. The paper currency issued by the central bank which forms part of the country's money
supply?
a) Check c) Bank note
b) T-bills d) Coupon

62. An index of short-term paying ability is called:

a) Index Ratio c) Current ratio
b) Receivable turn-over d) Profit margin ratio

63. Additional information of prospective bidders on contract documents issued prior to

the bidding date
a) Escalate c) Bid bulletin
b) Depict d) Assessment

64. It is a series of equal payments occurring at equal intervals of time where the first
payment is made several periods after the beginning of the payment
a) Ordinary Annuity c) Annuity Due
b) Deferred Annuity d) Perpetuity

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65. The ratio of the interest payment to the principal for a given unit of time and
usually expressed as a percentage of the principal?
a) Interest rate c) Rate
b) Interest d) Investment

66. The total income equals the total operating cost

a) Break-even c) In-place value
b) Balance sheet d) Check and balance

67. Reduction in the level of national income and output usually accompanied by the fall
in the general price level
a) Devaluation c) Depreciation
b) Inflation d) Deflation

68. Consists of an actual counting or determination of the actual quantity of the

materials on hand as of a given date
a) Material update c) Technological Assessment
b) Physical inventory d) Material count

69. It is a series of equal payments occurring at equal intervals of time

a) Annuity c) Amortization
b) Debt d) Deposit

70. Kind of obligation which has no condition attached

a) Gratuitous c) Analytic
b) Pure d) Private

71. Work-in-process is classified as

a) A liability c) An owner's expense
b) An asset d) An owner's equity

72. What is the highest position in the corporation?

a) Board of directors c) Stockholders
b) Chairman of the board d) President

73. The quantity of a certain commodity that is offered for sale at a certain price at a
given place and time
a) Supply c) Stocks
b) Demand d) Good

74. "When free competitions exist, the price of a product will be that value where supply
is equal to the demand"
a) Law of demand c) Law of supply and demand
b) Law of supply d) Law of diminishing returns

75. Bond to which are attached coupons indicating the interest due and the date when such
interest is to be paid
a) Collateral trust bond c) Registered bond
b) Mortgage bond d) Coupon bond

76. Capitalized cost of any property is equal to the

a) First Cost + Cost of Perpetual Maintenance
c) First Cost + Salvage value
b) Annual Cost d) Interest

77. The rate of doing work

a) Force c) Power
b) Energy d) Momentum
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78. Why is the power delivered by any machine always less than the power supplied to it?
a) Due to the presence of friction
c) Due to its efficiency
b) Due to the presence of Potential Energy
d) Due to the presence of Kinetic Energy

79. SI unit of power

a) Joule c) Horsepower
b) Kilowatt-hour d) Watt

80. The ratio of the net income to the owner's equity is known as
a) Gross margin c) Profit margin ratio
b) Price-earnings ratio d) Rate on equity

81. The product of force and the time during which it acts
a) Power c) Impulse
b) Displacement d) Work

82. In perfectly elastic collision, the coefficient of restitution is

a) 0 c) between 0 and 1
b) 1 d) less than 0

83. Change in energy is equal to

a) Power c) Work
b) Impulse d) Displacement

84. Change in momentum is equal to

a) Displacement c) Work
b) Power d) Impulse

85. An energy by virtue of an object's mass

a) Rest energy c) Potential energy
b) Kinetic energy d) Thermal energy

86. An energy by virtue of an object's position

a) Thermal energy c) Kinetic energy
b) Potential energy d) Rest energy

87. An energy by virtue of an object's motion

a) Potential energy c) Thermal energy
b) Kinetic energy d) Rest energy

88. A vector quantity which is a product of mass and the velocity of the body
a) Momentum c) Energy
b) Impulse d) Displacement

89. What will happen to the kinetic energy of the body if its velocity is doubled?
a) Doubled c) Tripled
b) Remains the same d) Quadrupled

90. In perfectly inelastic collision, the coefficient of restitution is

a) between 0 and 1 c) 1
b) less than 0 d) 0

91. A part of the theorem which is assumed to be true

a) Corollary c) Postulate
b) Hypothesis d) Conclusion
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92. A straight line joining any two points on a circle and passing through the center
a) Arc c) Radius
b) Diameter d) Chord

93. Part of the circle which is the boundary of the figure enclosed by the arc and the
two radii
a) Arc c) Radius
b) Chord d) Segment

94. A part of the circle bounded by the arc and a chord

a) Arc c) Radius
b) Chord d) Segment

95. A part of the circle bounded by the arc and the radii
a) Arc c) Radius
b) Chord d) Segment

96. A segment of the circle bounded by an arc and a chord

a) Sector c) Chord
b) Segment d) Arc

97. A figure bounded by two radii and an arc

a) Arc c) Chord
b) Segment d) Sector

98. A plane figure bounded by an arc and a chord

a) Segment c) Chord
b) Sector d) Arc

99. A figure bounded by two radii and the included arc

a) Chord c) Sector
b) Segment d) Arc

100. The equation of the straight line which is the boundary of a circle
a) Diameter c) Radius
b) Chord d) Tangent