A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers
✅ The correct answer is option C.
Civil Engineering
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1372. Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?
A. 13.15 %
B. 13.32 %
C. 13.46 %
D. 13.73 %
✅ The correct answer is option D.
1373. “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the_________________?
A. Law of diminishing return
B. Law of supply
C. Law of demand
D. Law of supply and demand
✅ The correct answer is option D.
1374. Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded ?
A. Monthly
B. Bimonthly
C. Quarterly
D. Annually
✅ The correct answer is option C.
1375. A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment ?
A. P 2,500.57
B. P 2,544.45
C. P 2,540.56
D. P 2,504.57
✅ The correct answer is option D.
1376. What market situation exists where there is only one buyer and only one seller ?
A. Monopsony
B. Monopoly
C. Bilateral monopsony
D. Bilateral monopoly
✅ The correct answer is option D.
1377. What is another term for “unit method” for computing depletion ?
A. Initial cost method
B. Percentage method
C. Factor method
D. Sinking fund method
✅ The correct answer is option C.
1378. A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20
✅ The correct answer is option D.
1379. What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?
A. Seller
B. Manufacturer
C. Producer
D. Buyer or consumer
✅ The correct answer is option D.
1380. What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest ?
A. Effective rate of interest
B. Nominal rate of interest
C. Compound interest
D. Simple interest
✅ The correct answer is option C.