Past Questions And Answers
The equilibrium level of output of a monopolist is determined at a point where
- A. marginal cost equals average revenue
- B. marginal cost equals acerage cost
- C. marginal cost equals marginal revenue
- D. marginal revenue equals average cost
During germination of seeds water is taken by the process of
- A. diffusion
- B. hydrolysis
- C. imbibition
- D. translocation
The people of Lydda and Sharon turned to the Lord when Peter
- A. healed Aeneas
- B. resurrected Dorcas
- C. invoked the spirit on them
- D. performed miracles in their midst
Allah’s pleasure in this world and the hereafter can be obtained through
- A. physical exercises
- B. writing Quran on a slate
- C. Sharia
- D. oratory
Which of the following is a means of establishing representative government
- A. The existence of functional political parties
- B. The existence of para-military groups
- C. Operation of checks and balances
- D. The operation of rule of law
Specific principles, bases, conventions, rules and practices adopted by an enterprise in preparing and presenting financial statements are known as ---------------------
- A. financial accounting
- B. accounting policies
- C. cost accounting
- D. accounting conventions
A commodity will be demanded only if
- A. consumers income increases
- B. it has no close substitutes
- C. the price is low
- D. it has utility
Which if the following minerals is most likely to be absent in a region consisting mainly of igneous and metamorphic rocks?
- A. Gold
- B. Coat
- C. Tin
- D. Copper
After the following sentence, a list of possible interpretations is given. Choose the interpretation that is most appropriate for the sentence.
She slogged her guts out for the examinations. This means that she
- A. failed the examination despite working hard for it
- B. passed the examination despite not working hard for it
- C. used unfair means to face the examination
- D. really worked very hard for the examination
Use the information below to answer the question .
| Total | P | Q | Total | P | Q | ||
| # | # | # | # | # | # | ||
| Stock | 3,000 | 2,000 | 1,000 | Sales | 10,000 | 6,000 | 4,000 |
| Purchase | 4,000 | 2,500 | 1,500 | Closing Stock | 2,000 | 1,500 | 500 |
Goods worth #300 was transferred from department Q to P. Similarly, P’s total expenses for the period was #200.
Department P’s net profit was
- A. #2,500
- B. #2,800
- C. #3,000
- D. #5,200