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Accounting OLAS + Physical Sciences OLAS + Economics OLAS + Business Studies OLAS
Accounting OLAS + Physical Sciences OLAS + Economics OLAS + Business Studies OLAS
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1
The date a board of directors votes to pay a dividend is called the:
Date of Payment
Date of the annual shareholders meeting.
Date of Record
Date of declaration.
2
Monetary policy focuses on.... and the aggregate money supply
A. Taxation
B. Income
C. Interest rates
3
Is it true that large public corporations or business entities in the public sector are known as corporates
True
False
4
During the electrolysis of a concentrated NaCl solution, the hydrogen gas is formed as a result of...
Oxidation of water
Oxidation of hydrogen ions
Reduction of hydrogen ions
Reduction of water
5
An object that a person can hold and wants to purchase
goods
pencil cases
services
product
6
Organic compound that is unsaturated
1-bromo-2-iodopropane
Butan-1-ol
1-chloro-2-floroethene
dichloromethane
7
Which compound has the highest vapour pressure?
Butan-2-one
Pentane
Propanoic acid
Ethyl methanoate
8
Is it true that in sick leave a worker can take up to six weeks paid sick leave during a 36-month cycle
True
False
9
Which one statement regarding a weak acid is false
Reacts with sodium carbonate to release carbon dioxide gas
Undergoes a neutralisation reaction with NaOH
Is a proton donor
Has pH value of between 8 & 9
10
Why directors should be interested in the price of their companies share on the JSE
Shareholders will want to have capital growth on their inverstment
All of the above
It shows public confident in the company
It can be compared to other companies/An external indicator
11
Is CIPC responsible for registration of all companies
True
False
12
Economy of scale means a trade policy that encourages the production of locally manufactured goods to be sold abroad
False
True
13
Which homologous series contains a carbonyl group
Esters
Alcohols
Alkenes
Haloalkanes
14
Bureaucracy means a common argument in favour of free trade
True
False
15
Buying shares in a corporation is attractive to investors because:
Shares are easily transferred.
All of these answers arecorrect.
Shareholders are not liablefor the corp. actions and debts.
A corporation has unlimitedlife.
16
An entrepreneur is a person who....
throws caution to the wind and drives over the speed limit!
partakes in risky business ventures
takes a risk by starting a business
is overly ambitious with unlimited capital
17
Give the value of the market price depicted above
R90
All of the above
R100
R50
18
An inventory system in which a company does not maintain detailed records of goods on hand throughout the period.
Weighted average inventory
Periodic Inventory System
Perpetual inventory system
Specific identification inventory
19
The slope of the demand curve of an individual firm under perfect market conditions....
C. Is horizontal
B. Is vertical
A. Slopes downwards from left to right
20
An exchange rate system where the forces of supply and demand entirely establish the value of a currency is called a …
Fixed exchange rate system
None of the above
Managed exchange rate system
Free-Floating exchange rate system
21
Which one is a secondary alcohol
2-methylhexan-2-ol
3-Octanol
5-dimethyldecan-5-ol
1-propanol
22
Businesses that produce similar products
Industry
Price discrimination
Diseconomies of scale
Marketable Permits
23
Is it true that wages of a factory cleaners is a direct labour cost
True
False
24
Interest Coverage =
EBIT/Int. Exp
Revenue/Int Exp
Net Income / Int. Exp
Int. Exp/EBIT
25
Globalisation means worldwide interactions of economies with trade as a common element
True
False
26
Is the same for equal volumes of 0,1 mol/dm^3 solutions of NaOH and ammonia
The electrical conductivity of the solution
The pH of the solution
The mass of the solute present
The number of moles of HCl needed for neutralization
27
When preparing financial statements, creditors will be reflected as trade and other ____.
equity
receivables
payables
28
The par value of a share is:
An arbitrary value placed on each of the shares.
An unpaid dividend.
A type of callable share.
The market value of the shares on the date of issuance.
29
The total amount of shares that a corporation's charter allows it to issue is:
Oustanding
Authorized
Common
Issued
30
Which describes Acid according to Arrhenius theory
It is a substance which decreases the pH of water
When added to water it increases hydroxyl ion concentration
An acid is a proton donor
When added to water increases hydronium ion concentration
31
Internal Auditor
Employed by a company to ensure good internal control procedures
Appointed by share holders to manage a company
All of the above
Indicates that a company has a legal personality of its own
32
A detailed inventory system in which a company maintains the cost of each inventory item, and the records continuously
Specific identification inventory
Periodic inventory system
Perpetual Inventory System
Weighted average inventory
33
Goods characterised by non-rivalry and no excludability are know as.......goods
All of the above
Common
Private
Public
34
Growth ratio is calculated by:
(Year 1-Year 2) / Year 1
(Year 2-Year 1) / Year 1
(Year 2-Year 1) / Year 2
(Year 1-Year 2) / Year 1
35
Identify the market structure in the graph below
Monopolistic Competition
Perfect Market
Oligopoly Market
Monopoly Market
36
Weighted Average cost per unit x number of units sold = cost of sales
True
False
37
Is it true that depreciation on office equipment is an administration cost
True
False
38
The national aggregate that represents the value added in each phase of production is called the gross domestic.....
C. Products
D. Product
A. Income
B. Expenditure
39
Perpetual Inventory System is also know as
Working inventory
Continous inventory system
Sliding inventory
Periodic inventory
40
The payment of a dividend will reduce the following two accounts:
Equity and cash
Equity and retained earnings.
Common shares and cash
Cash and dividends payable.
41
Owners of preferred shares often do not have:
Ownership rights to assets ofthe corporation.
Preference to Dividend
Voting Rights
Rights in liquidation
42
The ratio of the GDP at current prices to the GDP at constant prices is called the... GDP deflactor
A. Constant
B. Implicit
C. Explicit
43
the difference between net sales and cost of goods sold
Cost of Sales
Gross Profit
Price
Sales
44
Difference between potential energy of products & potential energy of reactants in a reaction is equal:
Total potential energy of the particles
Rate of the reaction
Enthalpy change of the reaction
Enthalpy of the reaction
45
Production price index means measures prices of locally manufactured goods at factory level
False
True
46
In all clectrochemical cells, the cathode is always the...
Electrode where oxidation takes place
Electrode where reduction takes place
Positive electrode
Negative electrode
47
A corporation's distribution of its own shares without receiving any payment in return is a:
Share Dividend
Preferred Share
Premium on shares.
Share Subscription
48
member of the board but not responsible for daily management functions
Executive director
All answers are correct
Delinquent director
Non-executive director
49
The account that represents the cumulative net incomes less losses and dividends is called:
Preferred shares.
Contributed capital.
The income statement.
Retained earnings.
50
What are the three aspects of production?
land, people, money
natural resources, products, consumers
capital, people, money
land, labor, and capital
51
Delivering cost of finished goods to retailers are a selling and distribution cost
True
False
52
Limited Liability
The body responsible for registration of all companies
Indicates that a company has a legal personality of its own
All of the above
The document that establishes the rules and procedures of a company
53
An example of a variable cost item
A. Insurance
B. Rent
C. Electricity
54
The standard of living of a population is best described by the........
C. Balance of trade
B.Per capita income
D. None of the above
A. Inflation rate
55
A catalyst will change the
Amount of products present at equilibrium
Time required to reach equilibrium
Length time for a reaction remains at equilibrium
Amount of reactants present at equilibrium
56
Ethanoic acid is added to a sodium chloride solution. The pH of the resulting solution will..
Stay the same
Increase
Neutralise
Decrease
57
Cash flow statement
Amount due to shareholders for final dividends payable
All of the above
Total Amount spent on the repurchase of shares
Total income tax amount for the current financial year
58
What market is depicted in the graph below?
None of the above
Supply and Demand
Foreign Exchange
Bar Chart
59
Large public corporations or business entities in the public sector are known as....
C. Enterprises
B. Parastals
D. Corporates
A. Public companies
60
Tourism can help to reduce … in South Africa.
Taxis
Savings
None of the above
Job opportunities
61
Order of increasing strength of intermolecular forces
Ethanol➡️chloroethane ➡️ethane➡️ethanoic acid
Ethane➡️chloroethane➡️ethanoic acid➡️ethanol
Chloroethane➡️ethane➡️ethanol➡️ethanoic acid
Ethane➡️chloroethane➡️ethanol➡️ethanoic acid
62
Involves the bonding of monomers by a dehydration process
Condensation polymerisation
Dehydropolymerisation
Halogenation
Addition polymerisation
63
Director
Appointed by share-holders to manage a company
The body responsible for registration of all companies
Indicates that a company has a legal personality of its own
Employed by a company to ensure good internal control procedures
64
Is market a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services
False
True
65
The following is
not
a section on the cash flow statement:
Retained Cash Activities
Operating Activities
Investing Activities
Financing Activities
66
Because scarcity exists, that means we have to make difficult choices. The choice given up is..
opportunity lost
unfortunate
trade-off
opportunity costs
67
Goods are characterized by non-rivalry and non-excludability are known as...... Goods
A. Common
C. Private
B. Public
68
member of board who also has management responsibilities
Delinquent director
All answers are correct
Non-executive director
Executive director
69
According to the Collision Theory, reaction rate increases when...decreases
Activation energy
Temperature
Kinetic energy of molecules
Concentration
70
The separate disclosing of significant items, such as interest expenses, is an application of the____ GAAP principle.
materiality
prudence
71
A group of atoms which determine the chemical properties of carboxylic acids is called the...
Carbonyl group
Formyl group
Hydroxyl group
Carboxyl group
72
Unlimited human wants and needs, can't be met by the resources available.
scarcity
surplus
shortage
never enough!
73
The cost and benefits for third parties that are not included in the market price are called...
B. Social cost
C. Externalities
A. Cost of production
74
Statement of financial position
Profit on sale of a fixed asset
Amount due to shareholders for final dividen
None of the above
Total income tax amount for the current financial year
75
The profitability of a monopolist depends on the cost of production and...
C. The number of competitors
B. Savings
A. Demand
76
The amount of goods produced or demanded.
supply
demand
amount
quantity
77
Cn2H2nO2 is the general formula for...
Both an ester and a carboxylic acid
An ester only
Both an alcohol and an ester
A carboxylic acid only