SUBJECT:MANAGEMENT,ACCOUNTING

CHOOSE THE BEST ANSWER

91. which of the following is obligated to financial Statement

a) Partnership

b) Trust

c) Public Limited Company

d) Sole Proprietorship

92. The Term of trade (TOT) of the country will worsen when _______

a) Total payments of external payments rise by more than the total value of external

b) The prices of the imports rise by more than the prices of its exports

c) The volume of its import rises by more than the volume of its exports

d) The volume of its import rises by more than the volume of its exports

93. Under a flexible exchange system the exchange rate is determined by

a) The prices of gold

b) The Forces of demand and supply in the foreign exchange market

c) Exchange arbitrage

d) The nations monetary authorities

94. Government taxing and spending policies are called

a) Monetary policy

b) Fiscal Policy

c) Commercial Policy

d) Finance Policy

95. The most important source of income of a government is

a) Foreign loans

b) Sprinting of new money

c) Sale of government property

d) Taxes

96. Net exports equal

a) Exports x imports

b) Exports + Imports

c) Exports - Imports

d) Exports of services only

97. A Tariff is

a) Tax on imports

b) a Restriction on number of exports firm

c) Limit on the amount of imported goods

d) None of Above

98. The Basic sequence in the accounting process

a) Transaction, Journal Entry, Trial balance, Ledger account, Source document