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  1. Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded.

  2. A.

     Monthly

    B.

     Bimonthly

    C.

     Quarterly

    D.

     Annually

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  3. A project construction cost estimate includes:

  4. A.

     The labour and material cost

    B.

     The equipment and over head cost

    C.

     The profit of the contractor

    D.

     All of these

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  5. What is considered as the basic consuming or demanding unit of a commodity?

  6. A.

     Seller

    B.

     Manufacturer

    C.

     Producer

    D.

     Buyer or consumer

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  7. All are classified under direct labor expenses EXCEPT one. Which one?

  8. A.

     Inspection cost

    B.

     Testing cost

    C.

     Assembly cost

    D.

     Supervision cost

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  9. One banker’s year is equivalent to ______ days.

  10. A.

     300

    B.

     360

    C.

     365

    D.

     366

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  11. The construction manager uses the estimate of the project

  12. A.

     To tell the owner of the project to take his/her financial decision

    B.

     To control the project during its construction

    C.

     To develop bids on the project

    D.

     All of these

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  13. What refers to an imaginary cost representing what will not be received if a particular strategy is rejected?

  14. A.

     Opportunity cost

    B.

     Ghost cost

    C.

     Horizon cost

    D.

     Null cost

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  15. If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

  16. A.

     (1 + ni)

    B.

     (ni - 1)

    C.

     ni

    D.

     None of these

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  17. What is the type of annuity where the payments are made at the end of each period starting from the first period?

  18. A.

     Ordinary annuity

    B.

     Perpetuity

    C.

     Annuity due

    D.

     Deferred annuity

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  19. What is the type of annuity where the payments are made at the beginning of the each period starting from the first period?

  20. A.

     Ordinary annuity

    B.

     Perpetuity

    C.

     Annuity due

    D.

     Deferred annuity

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