Moderate Questions (Quizbee 2025)

1. ECONOMICS

2. 1. Which of the following best describes the concept of "opportunity cost"?

• The financial cost of goods produced by a business

• The value of the next best alternative foregone

• The resources used in producing a good or service

• The cost incurred when revenue exceeds expenses

1. ECONOMICS

2. 2. If a company earns a profit of P15,000 and this represents 20% of its total revenue, what is the total revenue?

• P65,000

• P80,000

• P75,000

• P90,000

1. BASIC ACCOUNTING

2. 3. Which of the following is an example of an accrual?

• Paying rent for the month in advance

• Paying a supplier for goods purchased

• Earning revenue from services that will be billed in the next month

• Receiving cash from a customer for services already performed

1. BASIC ACCOUNTING

2. 4. Which accounts normally have credit balances?

• Revenue, Liabilities and dividends

• Revenues, liabilities and capital

• Revenues, liabilities and assets

• Revenues, liabilities and expenses

1. BASIC ACCOUNTING

2. 5. Which of the following describes the classification and normal balance of the Unearned Rent Revenue account?

• Asset, debit

• Revenue, credit

• Liability, credit

• Expense, debit

1. ECONOMICS

2. 6. Using the demand equation Quantity Demanded = 100 – 20P, calculate the price if the quantity demanded is P80:

• 0

• 20

• 80

• 1

1. BUSINESS FINANCE

2. 7. Investment can be defined

• Person’s dedication to purchasing a house flat 

• Usage of money on a production process of products and services 

• Use of capital on assets to receive returns

• Net additions made to the nation’s capital stock

MARKETING

1. 8. Which of the following is an example of an augmented product?

• The core benefit of owning a car

• A free warranty and customer care services

• The car's physical features like color, model, and brand

• The car's ability to provide transportation

2. BUSINESS MANAGEMENT

3. 9. Who governs the Corporation?

• President 

• Chief Executive Officer

• Management Committee

• Board of Directors

1. BUSINESS FINANCE

2. 10. Whenever the price of Good A increases, the demand for Good B increases. Good A and B appear to be:

• complements

• substitutes

• inferior goods

• normal goods