Exams & Certification

Which among the following is NOT Tier I Capital? [A] Paid up Capital[B] Statutory Reserves[C] Revaluation Reserves[D] Investment Fluctuation Reserves The correct answer and explanation is : The correct answer is [C] Revaluation Reserves. Explanation: Tier I Capital, also known as Core Capital, refers to the primary capital that a financial institution holds, which is […]

A properly constructed segmented income statement in a contribution format would show that the segment margin of the East business segment is:A. $108,000B. $28,000C. $140,000D. $280,000 The correct answer and explanation is : The correct answer is B. $28,000. Explanation: A segmented income statement in the contribution format is designed to highlight the contribution margin

The distance from Grand Rapids, Michigan, to Detroit is listed in a road atlas as 153 miles. Describe some of the factors that contribute to the uncertainty in this number. To make the num- ber more precise, what would you need to specify and measure? The correct answer and explanation is : The distance from

Which excerpt from Nadine Gordimer’s “Once Upon a Time” best indicates that in trying to ban “these people,” “such people,” and “thieves” from the neighborhood the family has made themselves prisoners in their own home? But to please her – he had electronically controlled gates fitted. The little boy was fascinated by the device and

A runner wants to run 10.9km. ? They know their running pace is 7.7 ?miles per hour. How many minutes must they run? The correct answer and explanation is : To determine how many minutes a runner must run to complete 10.9 kilometers at a pace of 7.7 miles per hour, we can break this

Which does not necessarily apply to a pure monopoly? A) The product the firm produces must have no close substitutes. B) The firm must be the sole producer of a product. C) The firm must earn economic profits. D) Entry must be blocked. The correct answer and explanation is : The correct answer is C)

Which statement is correct? A) In the short run the pure monopolist will maximize total profits by producing at that level of output where the difference between price and average total cost is greatest. B) In the short run the pure monopolist will charge the highest price it can get for its product. C) Because

Another term for factors of production isa. inputs.b. output.c. goods.d. services. The correct answer and explanation is : The correct answer is a. inputs. Explanation: In economics, factors of production refer to the essential resources that are used in the process of producing goods and services. These resources are typically classified into four main categories:

The speed-density fuel-injection system uses the____ sensor as the primary sensor to determine base pulse width. A. TP (throttle position)B. MAF (mass air flow)C. MAP (manifold absolute pressure)D. BARO (barometric) The correct answer and explanation is : The correct answer is C. MAP (manifold absolute pressure). Explanation: The speed-density fuel injection system is commonly used

Fixed assets are ordinarily presented on the balance sheet at their current market value under “Intangible assets” at their cost less accumulated depreciation at their replacement cost. The correct answer and explanation is : The correct answer is that fixed assets are ordinarily presented on the balance sheet at their cost less accumulated depreciation. They