Professional Documents
Culture Documents
AgEcon RB
AgEcon RB
AgEcon RB
Compiled by
Ruel Roy B. Cagmat, RB Cagmat Review Center
1|P age
6. What do you call a farm enterprise in which the farm is
owned by a family?
a. Econmienda
b. Hacienda
c. Family farm
d. Principales
8. What is a jobber?
a. Banker
b. Stock analyst
c. Wholesaler
d. Job seeker
9. A market is___________
a. A group of buyers and sellers with a particular
product
b. A group of buyers and sellers
c. A group of buyers and sellers in a place
d. A group of buyers and sellers interacting
e. All of the above
2|P age
13. Who among the ff is first to be paid upon
dissolving a corporation?
a. Creditors
b. Investors
c. Top Level Management
d. Rank and File
3|P age
20. Concept of “ Invisible Hand”
a. David Ricardo
b. Adam Smith
c. John Keynes
d. Thomas Malthus
4|P age
27. It is a tax imposed on goods when transported across
international borders
a. Quota
b. Treasury bonds
c. Customs duty
d. Import duty
5|P age
33. What do you call a farm enterprise in which the farm
is owned by a family?
a. Econmienda
b. Hacienda
c. Family farm
d. Principales
6|P age
40. A situation in which an abnormal amount of
depositors withdraw their deposits, normally caused by a
lack of confidence in the bank
a. Foreclosure
b. Bank holiday
c. Bank run
d. Receivership
7|P age
46. What kind of sales achieves the highest price?
a. Farmgate
b. Wholesale
c. Retail
d. Auction
8|P age
54. The cost that a firm incurs in purchasing or hiring
any factor of production is referred to as
a. Explicit cost
b. Implicit cost
c. Variable cost
d. Fixed cost
60. The amount of goods and services that your wages can
buy is called
a. Free wage
b. Money wage
c. Salary
d. Real wage
9|P age
61. A name, item, symbol etc, intended to identify the
goods and services of the seller and to differentiate
them from competitors .
a. Label
b. Advertisement
c. Packaging
d. Brand
10 | P a g e
68. A kind of elasticity wherein a fall in the price
causes no changes in expenditure?
a. Elastic
b. Inelastic
c. Unit elastic
d. Point elastic
11 | P a g e
74. Industries that are concerned with manufacturing of
industrial services engaged in production with total
assets of more than 5M but not exceeding 51 and an
employment size of 5-99 workers is_____
a. Small-scale industry
b. Medium-scale industry
c. Large-scale industry
12 | P a g e
81. A name, item, symbol etc, intended to identify the
goods and services of the seller and to differentiate
them from competitors .
a. Label
b. Advertisement
c. Packaging
d. Brand
13 | P a g e
88. What do you call the gross national product minus
depreciation?
a. Gross domestic product
b. Net national product
c. National domestic product
d. Gross international product
14 | P a g e
95. The reduction of the physical volume of the product
is called_________
a. Depreciation
b. Shrinkage
c. Damage
d. Loss
REMINDERS
15 | P a g e