ACCA Mock Test 16 - Online MCQ Exam

The lower level of production leads to ____________?

1 Mark(s)

Your Answer:

higher setup cost higher setup cost
lower repair cost lower repair cost
higher setup cost higher setup cost
higher repair cost higher repair cost

Barriers to entry do not include ?

1 Mark(s)

Your Answer:

Patents Patents
Internal economies of scale Internal economies of scale
Mobility of resources Mobility of resources
High investment costs High investment costs

If Pakistan’s incomes rise faster than those in most other countries the the exchange value will tend to ?

1 Mark(s)

Your Answer:

fluctuate more than it would do otherwise
appreciate appreciate
depreciate depreciate
not be affected not be affected

Identification theory is based on the ideas of______________?

1 Mark(s)

Your Answer:

Freud Freud
Cooley Cooley
Mead Mead
Erikson Erikson

What Pheromones are environmentally friendly and safe for another useful insect’s end ?

1 Mark(s)

Your Answer:

human being human being
cows cows
pets pets
predators predators

The balance-of-power system in which four of more major powers competed and formed shifting alliances to avoid any one becoming stronger than any other was called the________________?

1 Mark(s)

Your Answer:

multipolar system multipolar system
bipolar system bipolar system
assured destruction system assured destruction system
unipolar system unipolar system

According to futures contract, the long position states the ___________?

1 Mark(s)

Your Answer:

purchase of forward contracts purchase of forward contracts
purchase of future contract purchase of future contract
sale of futures contract sale of futures contract
sales of forward contracts sales of forward contracts

Step in initial public offering in which hired agents act on behalf of owners is classified as______________?

1 Mark(s)

Your Answer:

Hiring problems Hiring problems
Agency problems Agency problems
Corporation internal problems Corporation internal problems
Corporation external problems Corporation external problems

The bonds which are classified as junk bond status and have previously considered as investment grade bonds are called __________?

1 Mark(s)

Your Answer:

risen angel risen angel
fallen angel fallen angel
fallen devil fallen devil
risen devil risen devil

Credentialism opens jobs _______________?

1 Mark(s)

Your Answer:

to all people to all people
to members of skilled professions to members of skilled professions
to members of academia to members of academia
but has no bearing on the job market but has no bearing on the job market

Pakistan is the ___________ largest Cotton Producer country in the world?

1 Mark(s)

Your Answer:

Fifth Fifth
Fourth Fourth
Sixth Sixth
Eight Eight

Private goods are ?

1 Mark(s)

Your Answer:

non-rival in consumption and their benefits are nonexcludable:
rival in consumption and their benefits are excludable
rival in consumption and their benefits are non-excludable
non-rival in consumption and their benefits excludable

The formula such as, net income available for common stockholders divided by total assets is used to calculate __________?

1 Mark(s)

Your Answer:

return on total assets return on total assets
return on total equity return on total equity
return on debt return on debt
return on sales return on sales

The amount of money by which the total revenues exceed the breakeven revenues is classified as _________?

1 Mark(s)

Your Answer:

margin of safety margin of safety
margin of profit margin of profit
margin of loss margin of loss
margin of income margin of income

Bond that has been issued in very recent timing is classified as_______?

1 Mark(s)

Your Answer:

Mature issue Mature issue
Earning issue Earning issue
New issue New issue
Recent issue Recent issue

What is the share of Baluchistan in the total population of Pakistan ?

1 Mark(s)

Your Answer:

8.5% 8.5%
9.6% 9.6%
6.6% 6.6%
7.8% 7.8%

The corporate sustaining costs and distribution channel costs are also classified as ___________?

1 Mark(s)

Your Answer:

indirect costs indirect costs
variable costs variable costs
fixed costs fixed costs
direct costs direct costs

The creation of culture unlike playwriting ?

1 Mark(s)

Your Answer:

is the work of generation? is the work of generation?
is not always a deliberate act is not always a deliberate act
never results in a final authorized script
all of the above all of the above

Which ratio helps determine how efficiently a company manages its inventory?

1 Mark(s)

Your Answer:

Operating margin Operating margin
Inventory turnover ratio Inventory turnover ratio
Debt-to-equity ratio Debt-to-equity ratio
None of these None of these

If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?

1 Mark(s)

Your Answer:

$59,000 $59,000
$25,000 $25,000
$15,000 $15,000
$39,000 $39,000

If the price of good is below the equilibrium price ?

1 Mark(s)

Your Answer:

there is a shortage and the price will rise
the quantity demanded is equal to the quantity supplied and the price remains unchanged
there is a shortage and the price will fall
there is a surplus and the price will rise

An asset posses which of the following?

1 Mark(s)

Your Answer:

Future economic benefits for the business
All kind of benefits for the business All kind of benefits for the business
Expenses for the business Expenses for the business
Merits and Demerits for the business Merits and Demerits for the business

Outstanding salaries is shown as___________?

1 Mark(s)

Your Answer:

An Asset in the Balance Sheet An Asset in the Balance Sheet
A Liability A Liability
By adjusting it in the P & L A/c By adjusting it in the P & L A/c
Both B. and C. above Both B. and C. above

Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as _________?

1 Mark(s)

Your Answer:

outsourcing outsourcing
insourcing insourcing
idle sourcing idle sourcing
sunk sourcing sunk sourcing

Property is defined in terms of rights of_________________?

1 Mark(s)

Your Answer:

Ownership Ownership
consumption consumption
distribution distribution
production production

If a government were to fix a minimum wage for adult workers, economists would predict ?

1 Mark(s)

Your Answer:

wages in general would fall as employers tried to hold down costs
fewer young workers would be employed fewer young workers would be employed
the costs and prices of firms employing cheap labour would increase
there would be more unemployment there would be more unemployment

A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?

1 Mark(s)

Your Answer:

transitivity transitivity
impossibility impossibility
independence independence
unanimity unanimity

The bonds that can be exchanged with the other stock issued by the same firm are classified as ____________?

1 Mark(s)

Your Answer:

discount convertible bonds discount convertible bonds
convertible bonds convertible bonds
non-convertible bonds non-convertible bonds
premium convertible bonds premium convertible bonds

A technique for estimating regression line, which minimizes the sum of vertical deviations squares is classified as __________?

1 Mark(s)

Your Answer:

variable technique variable technique
least square technique least square technique
indexed technique indexed technique
fixed technique fixed technique

The net present value, profitability index, payback and discounted payback are the methods to __________?

1 Mark(s)

Your Answer:

evaluate cash flow evaluate cash flow
evaluate projects evaluate projects
evaluate budgeting evaluate budgeting
evaluate equity evaluate equity

According to Oskar Lange’s model socialist enterprises should produce where ?

1 Mark(s)

Your Answer:

The monopoly profit maximization rule applies
Product price equals marginal cost Product price equals marginal cost
marginal revenue equals average cost marginal revenue equals average cost
total revenue equals total cost total revenue equals total cost

If labour market discrimination crowds women into a limited number of occupations so that the number of occupations available to men increases, then ?

1 Mark(s)

Your Answer:

wages of men will be higher but the marginal productivity of men will be lower than it otherwise would be
the wages of men will be lower but the marginal productivity of men will be higher than it otherwise would be
both the wages and the marginal productivity of men will be lower than they otherwise would be
both the wages and the marginal productivity of men will be higher than they otherwise would be

The repurchase agreements having maturity of longer term have denominations of ____________?

1 Mark(s)

Your Answer:

$40 million $40 million
$10 million $10 million
$20 million $20 million
$30 million $30 million

The assets which come into existence upon the happening of a certain event are called__________?

1 Mark(s)

Your Answer:

Contingent assets Contingent assets
Fixed assets Fixed assets
Fictitious assets Fictitious assets
Quick assets Quick assets

Evaluating Your Answers

ACCA Mock Test 16 : Question 1 of 34