41. \(\frac{∑f(x-x̄)}{N}\)
Is a formula used to calculate for ____________
- A. variance
- B. the quartile
- C. standard deviation
- D. mean deviation
Reveal Answer
42. Completely competitive market exist when each member is a —
- A. price maker
- B. price taker
- C. price seeker
- D. a and b
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43. Given a consumption function C = 10 + 0.6Y, determine the value of C if Y is 20
- A. 36.60
- B. 22.00
- C. 30.60
- D. 26.00
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44. A partnership sourcing for funds to expand its business would approach _______
- A. a central bank
- B. a money market
- C. an insurance
- D. a stock exchange
Reveal Answer
45. Opportunity cost helps the government to:
- A. Distribute money to citizens
- B. support better production
- C. remove competition
- D. prepare budget
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46. Which of the following is NOT a source of government revenue?
- A. Grants, aids and borrowing
- B. Taxes, fees, licenses and fines
- C. Interest, dividends, profits and earnings
- D. personal income, disposable income and transfer earnings
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47. Which of these is a type of partnership in business?
- A. Limited partnership
- B. limited liability company
- C. private partnership
- D. joint stock partnership
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48. Which of the following is an indirect tax?
- A. Poll tax
- B. personal income tax
- C. Company tax
- D. excise duties
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49. Localization of industry is encouraged because of ________
- A. low interest charges on loans
- B. improvements in infrastructure
- C. low foreign exchange rate
- D. high standard of living
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50. Which of the following is correct?
- A. Traditional budgeting focuses on goals and objectives
- B. Zero based budgeting produces a single level of appropriation for an activity
- C. Traditional budgeting starts with last year’s funding appropriation
- D. Zero based budgeting does not systematically consider alternatives to current operations
Reveal Answer
