AME 101 -Midterm examination

AME 101 -Midterm examination

University

50 Qs

quiz-placeholder

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AME 101 -Midterm examination

AME 101 -Midterm examination

Assessment

Quiz

Biology

University

Medium

Created by

Emily Gonzaga

Used 10+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The value of the next best alternative foregone. When resources are limited and there is more than one enterprise where farmer can invest. The value of one enterprise sacrificed is the cost producing another enterprise.

Opportunity cost principle

Comparison principle

Time principle

All of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the kinds of investments?

Investments on operating inputs and investment on capital assets

Investment on capital assets and liabilities

A and B

All of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the procedure to find the future value of a present sum, given the earning power (interest rate) of money and the frequency of compounding.?

Compounding

Interest

Capital

All of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the procedure where the present value of the future income?

Compounding

Interest

Capital

Discounting

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A costs which do not change in magnitude as the amount of output produced changes and are incurred even when production is not undertaken.

Fixed cost

Variable cost

Average cost

All of the above

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The costs that are incurred on variable inputs and hence vary with the level of production.

Fixed cost

Variable cost

Average cost

All of the above

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It represents the functional relationship between output and total cost

Functional cost

Cost alone

Cost function

Not of the above

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