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ACC 213 CBT PRACTICE

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Take your time to read instructions before taking this test.

 

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

 

If you can get at least 60%, you can be rest assured that you’ll ace ACC 213 exam

 

PS

 

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

 

Note

 

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

 

Please do well to use our comment box incase there’s a message you want to pass to us

 

70 – 100 A

 

60 – 69 B

 

50 – 59 C

 

45 – 49 D

 

40 – 44 E

 

0 – 39 F

 

I wish you success

 

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ACC 213

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1. The formula for Fisher’s Price Index includes:

2 / 40

2. Retail price indices are designed to

3 / 40

3. Value index numbers consider

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4. Fisher’s Price Index is considered ideal because it satisfies:

5 / 40

5. The primary use of index numbers is to:

6 / 40

6. Price index numbers are classified into:

7 / 40

7. The index number of profit or sales is an example of:

8 / 40

8. The value of the base period in index numbers is generally taken as:

9 / 40

9. Laspeyre’s Price Index uses:

10 / 40

10. Quantity indices are typically used for:

11 / 40

11. Irving Fisher introduced:

12 / 40

12. Weighted aggregate methods assign weights to commodities based on:

13 / 40

13. The main limitation of the Simple Aggregate Method is:

14 / 40

14. A properly constructed index number should:

15 / 40

15. The geometric mean is used in Fisher’s Price Index to:

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16. The base period index value is typically set to:

17 / 40

17. The purchasing power of money is measured using:

18 / 40

18. Index numbers are used to measure:

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19. Laspeyre’s and Paasche’s indices differ because:

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20. The purpose of using index numbers in policy formulation is to:

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21. Problems in the construction of index numbers include:

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22. The Dorbish-Bowley Index is sometimes referred to as:

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23. Fisher’s index satisfies the factor reversal test by ensuring that:

24 / 40

24. The Dorbish-Bowley Price Index is calculated as:

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25. Simple aggregate method is calculated as:

26 / 40

26. Weighted aggregate methods are preferred because they:

27 / 40

27. A reliable base period should ideally:

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28. The purpose of the wholesale price index is to:

29 / 40

29. The selection of commodities for an index number should consider:

30 / 40

30. The term “weight” in index numbers refers to:

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31. Price index numbers are classified into:

32 / 40

32. Value index numbers are calculated by:

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33. Index numbers for deflation are used to:

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34. Selection of a base period for index numbers should avoid:

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35. The chain-base method is different from the fixed-base method because it:

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36. The formula for the simple aggregate method does not account for:

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37. The time reversal test ensures that

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38. The primary objective of constructing index numbers is to:

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39. The Laspeyre’s Price Index formula includes:

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40. Paasche’s Price Index uses weights based on:

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