Question : __________ are the end products of the accounting process, which are prepared in accordance with the generally accepted accounting principles.

Option 1: Financial statements

Option 2: Non-financial statements

Option 3: Computerized accounting

Option 4: Both 1 and 3

Question : Which one of the following is not a revenue receipt?

Option 1: Rent received

Option 2: Entrance fees

Option 3: Interest received

Option 4: Endowment fund receipt

Question : Directions: Arrange the following words as per their order in a dictionary.
1. Voracious
2. Voucher
3. Vortex
4. Voluntary

Option 1: 2, 4, 1, 3

Option 2: 3, 1, 4, 2

Option 3: 4, 1, 3, 2

Option 4: 1, 4, 2, 3

Question : Which of the following is an example of a non-market transaction?

Option 1: Sale of a car by a dealership

Option 2: Purchase of groceries by a household

Option 3: Payment of rent by a tenant

Option 4: Transfer payment by the government

Question : Which of the following is NOT a characteristic of human capital?

Option 1: Transferable

Option 2: Non-depletable

Option 3: Non-rivalrous

Option 4: Non-excludable