2024 ASPBI and SICT Recap

2024 ASPBI and SICT Recap

Assessment

Flashcard

Others

Professional Development

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

What should be reported as total employment for industries engaged in manpower services?

Back

All workers, including subcontracted personnel

2.

FLASHCARD QUESTION

Front

According to the consistency checks, which of the following must be true for establishments engaged in electricity distribution? Purchased power should always be greater than electricity sales, Transmission and distribution costs must always be higher than electricity sales, Electricity sales should be greater than purchased power, Transmission costs should be reported as revenue

Back

Electricity sales should be greater than purchased power

3.

FLASHCARD QUESTION

Front

What is the trade margin ratio formula used in the ASPBI?

Back

[(Sales of goods / Cost of goods) - 1] × 100

4.

FLASHCARD QUESTION

Front

In the ASPBI, which condition requires an establishment to have direct materials used greater than zero? Options: Engaged in real estate sales, Operating in the publishing industry, Engaged in restaurant and mobile food services, Providing legal consultancy services

Back

Engaged in restaurant and mobile food services

5.

FLASHCARD QUESTION

Front

What must be true if an establishment reports total book value of tangible fixed assets greater than zero?

Back

Depreciation must be greater than zero

6.

FLASHCARD QUESTION

Front

Which factor is used to classify establishments under the Philippine Standard Industrial Classification (PSIC)? Options: Number of employees, Type of business activity generating the most income, Geographic location, Legal organization type

Back

Type of business activity generating the most income

7.

FLASHCARD QUESTION

Front

In the Monitoring and Tracking System (MTS), what happens if an establishment's questionnaire is transferred/moved out to a known address in another province?

Back

The receiving Provincial Statistical Office (PSO) must complete all needed information and confirm acceptance

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