What represents the share of participation in business organizations ?
A. Stock
B. Corporation
C. Franchise
D. Partnership
Engineering Economy
Engineering Economy MCQs with answers for civil engineering test preparation. Economics and engineering MCQs for civil engineering students for competitive exams.
Cash money and credit necessary to establish and operate an enterprise are generally called _____ ?
A. Assets
B. Liabilities
C. Capital
D. Funds
What refers to the claim of anyone to ownership?
A. Liability
B. Equity
C. Proprietorship
D. Assets
What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for?
A. Return
B. Par value
C. Dividend
D. Equity
Amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called____ ?
A. Share of stock
B. Equity
C. Dividend
D. Return
What stock represents ownership and enjoys certain preferences than ordinary stock?
A. Incorporator’s stock
B. Presidential stock
C. Authorized stock
D. Preferred stock
What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled?
A. Incorporator stock
B. Common stock
C. Authorized capital stock
D. Preferred stock
Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called____ ?
A. Corporation
B. Stockholders
C. Partnership
D. Investors
All the proceeds which are received by the business as a result of the sale of goods is called ___ ?
A. Net revenue
B. Total sales
C. Gross income
D. Net income
Original record of a business transaction is recorded in this book __ ?
A. Journal
B. Account book
C. Work book
D. Ledger