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  • Question
  • What determines the value of an item?


  • Options
  • A. the capital required to build the factory
  • B. the unlimited wants of the consumers
  • C. the resources consumed in production
  • D. the amount of goods that are produced

  • Correct Answer
  • the capital required to build the factory 

    Explanation

    Value is the monetary worth of something, in this case, it is an item.

    In option A, since it is talking about capital which is measured in monetary terms.

    The value of an item is determined by its quality and its age. Often antiques with good quality are sold in the market with a high value and are sometimes auctioned.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


    Search Results


    • 1. Managerial Accounting is also called

    • Options
    • A. Control accounting
    • B. Management accounting
    • C. Cost accounting
    • D. Both B & C
    • Discuss
    • 2. Financial statements are prepared in the following order.

    • Options
    • A. Income statement - Balance sheet - Statement of retained earnings
    • B. Income statement - Statement of retained earnings - Balance sheet
    • C. Balance sheet - Statement of retained earnings - Income statement
    • D. Statement of retained earnings - Balance sheet - Income statement
    • Discuss
    • 3. Generally accepted accounting principles are
    • Discuss
    • 4. Which of the following is not a direct tax?

    • Options
    • A. Sales tax
    • B. Corporation tax
    • C. Wealth tax
    • D. Estate tax
    • Discuss
    • 5. Which of the following bonds has the greatest interest rate price risk?

    • Options
    • A. a 10 year, 5% coupon bond
    • B. a 5 year, 5% coupon bond
    • C. a 5 year, 10% coupon bond
    • D. a 10 year, 10% coupon bond
    • Discuss
    • 6. The accounting process involves all of the following except

    • Options
    • A. identifying economic transactions that are relevant to the business
    • B. analyzing and interpreting financial reports
    • C. communicating financial information to users by preparing financial reports
    • D. recording nonquantifiable economic events
    • Discuss
    • 7. Explain What are the issues related with Accounts receivable?
    • Discuss
    • 8. How to define Inter company Transaction in Account Receivable?
    • Discuss
    • 9. How important does Accounts receivable for small business and why?
    • Discuss
    • 10. What is an accrued receivable?
    • Discuss


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