ACCA Mock Test 6 - Online MCQ Exam

If the difference in costs is $7000 and the difference in machine hours of is $18000, then slope coefficient would be ____________?

1 Mark(s)

Your Answer:

2.571 2.571
0.39 0.39
0.2571 0.2571
3.39 3.39

The deposit issued by bank are usually negotiable and have specific maturity date and interest rate, hence it is classified as _____________?

1 Mark(s)

Your Answer:

indirect certificate indirect certificate
direct certificate direct certificate
negotiable certificate negotiable certificate
deposit certificate deposit certificate

The costs of inflation are ?

1 Mark(s)

Your Answer:

shoe leather costs shoe leather costs
menu costs menu costs
income redistribution income redistribution
uncertainly uncertainly
all of the above all of the above

The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as __________?

1 Mark(s)

Your Answer:

demand or supply decisions demand or supply decisions
make or buy decisions make or buy decisions
relevant or irrelevant decision relevant or irrelevant decision
idle or busy decisions idle or busy decisions

Jamrao Canal is located in the province of ?

1 Mark(s)

Your Answer:

Punjab Punjab
Baluchistan Baluchistan
Sindh Sindh
Kpk Kpk

If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________?

1 Mark(s)

Your Answer:

678 packages 678 packages
648 packages 648 packages
658 packages 658 packages
668 packages 668 packages

Money is ?

1 Mark(s)

Your Answer:

The value of all coins and currency in circulation at any time
Anything that is generally accepted as a medium of exchange
The same as income The same as income
All of the above All of the above

What is the share of forest area as percent of the total geographical area of the country ?

1 Mark(s)

Your Answer:

3.8 3.8
2.8 2.8
4.8 4.8
4.5 4.5

Companies in the private sector are owned by ?

1 Mark(s)

Your Answer:

The government The government
Shareholders Shareholders
Employees Employees
The community The community

If people with higher incomes pay a higher percentage of income in taxes, the income tax structure is ?

1 Mark(s)

Your Answer:

progressive progressive
regressive regressive
value added taxes (VAT) value added taxes (VAT)
excise taxes excise taxes

Which of the following would be excluded from UK GDP fro 2005? The sale of ?

1 Mark(s)

Your Answer:

a haircut a haircut
the value of a lawyer’s services the value of a lawyer’s services
a 2005 Honda made in Swindon a 2005 Honda made in Swindon
All of things mentioned in these answers should be counted in 2005 GDP.

If the flexible budget variance is $95000 and an actual cost is $40000, then the flexible budget cost would be __________?

1 Mark(s)

Your Answer:

$135,000 $135,000
$45,000 $45,000
$50,000 $50,000
$55,000 $55,000

The most efficient pollution control system would ensure that ?

1 Mark(s)

Your Answer:

the regulators decide how much each polluter should reduce its pollution.
no pollution of the environment is tolerated
each polluter reduces its pollution an equal amount
the polluters with the lowest cost of reducing pollution reduce their pollution the greatest amount

For the Central bank to keep the interest rat unchanged as the government increase spending, the Central Bank must continue to ?

1 Mark(s)

Your Answer:

decrease the money supply decrease the money supply
increase the money supply increase the money supply
increase the demand for money increase the demand for money
decrease the demand for money decrease the demand for money

A group of individual indirect cost item is defined as ___________?

1 Mark(s)

Your Answer:

direct pool direct pool
cost pool cost pool
indirect pool indirect pool
item pool item pool

In weighted average capital, capital structure weights estimation does not rely on value of__________?

1 Mark(s)

Your Answer:

Investors equity Investors equity
Market value of equity Market value of equity
Book value of equity Book value of equity
Stock equity Stock equity

If the Bank of England reduces the money supply to reduce inflation a floating exchange rate will aid the Bank of England in fighting inflation because ?

1 Mark(s)

Your Answer:

as the money supply is decreased the interest rate will increase and the price of UK exports will rise and the Price of UK imports will fall
as the money supply is decreased the interest rate will increase, and the price of UK exports will fall and the price of UK imports will rise
as the money supply is decreased the interest rate will increase and the price of UK exports and UK imports will fall.
as the money supply is decreased the interest rate will increase and the price of both UK exports and UK imports will rise

Which province of Pakistan is the largest cotton producing province ?

1 Mark(s)

Your Answer:

Punjab Punjab
Sindh Sindh
K.P.K K.P.K
Baluchistan Baluchistan

If a firm were to bid to do a turnkey operation where they would choose a building site designing a cement factory to build the plant hire construction crews assemble materials and equipment to run the new factory and turn over the finished factory ready to operate to the owners the firm would be using which of the following ?

1 Mark(s)

Your Answer:

Core Process products selling Core Process products selling
Design Products selling Design Products selling
Reciprocal spelling Reciprocal spelling
Systems selling Systems selling

Social organization________________?

1 Mark(s)

Your Answer:

may be analyzed at the microsocial and the macrosocial levels
is a fixed set of rules? is a fixed set of rules?
is sometimes used interchangeably with social structure
is microsocial macrosocial and interchangeable with social structure

“Future shock”is____________?

1 Mark(s)

Your Answer:

a phrase used to describe an alien culture
the name of a famous movie dealing with a society of the future
a phrase used by Alvin Toffler to describe the rapidity of change
what the elderly experience in every society when a new generation comes into power

The promissory notes issued by company for short term fund raising are unsecured are classified as _____________?

1 Mark(s)

Your Answer:

unsecured notes unsecured notes
debt paper debt paper
term paper term paper
commercial paper commercial paper

The notion that, following a currency depreciation the balance of trade falls for a while before increasing is called an effect ?

1 Mark(s)

Your Answer:

relative price relative price
elasticity elasticity
J Curve J Curve
Pass through Pass through

Price per ratio is divided by cash flow per share ratio which is used for calculating___________?

1 Mark(s)

Your Answer:

Dividend to stock ratio Dividend to stock ratio
Sales to growth ratio Sales to growth ratio
Cash flow to price ratio Cash flow to price ratio
Price to cash flow ratio Price to cash flow ratio

Compared to the case of perfect competition, a monopolist is more likely to ?

1 Mark(s)

Your Answer:

charge a higher price charge a higher price
produce a lower quantity of the product produce a lower quantity of the product
make a greater amount of economic profit
all of the above all of the above

Wisconsin in the US leading distributor in what producer ?

1 Mark(s)

Your Answer:

lettuce lettuce
broccoli broccoli
cabbage cabbage
onions onions

Debit note is the basis for recording a transaction in which of the following journals?

1 Mark(s)

Your Answer:

General journal General journal
Cash journal Cash journal
Purchase journal Purchase journal
Purchase return journal Purchase return journal

The highest birthrates today are found in________________?

1 Mark(s)

Your Answer:

highly developed nations highly developed nations
the underdeveloped nations the underdeveloped nations
Japan Japan
Western Europe Western Europe

The residual material which results from manufacturing products is called ___________?

1 Mark(s)

Your Answer:

reduced work reduced work
spoilage spoilage
rework rework
scrap scrap

The author of a famous treatise on the origin of the state characterized existence in the “state of nature” as________________?

1 Mark(s)

Your Answer:

similar to an earthly paradise similar to an earthly paradise
among “noble savages” among “noble savages”
“solitary poor nasty brutish and short”
a pre-Christian utopia a pre-Christian utopia

The formal way of differentiating, between non-random and random variations, in manufacturing process is classified as ____________?

1 Mark(s)

Your Answer:

statistical process control statistical process control
statistical failure control statistical failure control
statistical control of prevention cost statistical control of prevention cost
statistical control of sunk cost statistical control of sunk cost

Achieved status would be especially important in_______________?

1 Mark(s)

Your Answer:

ancient Egypt ancient Egypt
19th century India 19th century India
feudal Europe feudal Europe
none of the above none of the above

The type of markets in which derivative securities are traded is classified as ___________?

1 Mark(s)

Your Answer:

derivative security markets derivative security markets
trading markets trading markets
classified markets classified markets
non-trading markets non-trading markets

Which of the following is not classified as inventory in the financial statements?

1 Mark(s)

Your Answer:

Finished goods Finished goods
Work-in-process Work-in-process
Stores and spares Stores and spares
Advance payments made to suppliers for raw materials

The yields of the municipal bonds is __________?

1 Mark(s)

Your Answer:

after tax rate of return after tax rate of return
before tax rate of return before tax rate of return
corporative rate of return corporative rate of return
federal rate of return federal rate of return

Evaluating Your Answers

ACCA Mock Test 6 : Question 1 of 35