BLP MCQS PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ Definitions: liquidity, EBIT, EVA, MVA.
Answer: - Liquidity: ability to meet short-term obligations - EBIT: Earnings
Before Interest and Taxes - EVA: Economic Value Added = NOPAT −
(WACC × Capital) - MVA: Market Value Added = Market value − Book
value
◍ Can a partnership with two separate businesses register each separate for
VAT purposes?.
Answer: NO - A 'person'—which includes an individual, partnership or
company—can register for VAT. A person can only have one VAT
registration and will therefore be liable for VAT on taxable supplies made
by all their businesses. A company organised into several divisions may, as
an exception to the general rule above, seek registration for each division.
◍ What should a buyer’s solicitor do with the purchase of shares?.
Answer: After the stock transfer form has been executed, this should be sent
to HMRC with payment of the stamp duty within 30 days of the effective
date of transfer. This is normally the date on which the form is signed. The
stamp duty is typically paid by the purchaser.Once HMRC is satisfied that
the consideration stated on the stock transfer form represents the full value
of the shares being transferred, it will stamp the stock transfer form and
return it to the purchaser. The purchaser can then apply to the company for
the registration of the shares by sending the duly completed, executed and
stamped stock transfer form to the company.When a transfer of shares has
been lodged with the company, it must either register the transfer or give the
transferee notice of refusal to register the transfer, together with its reasons
for the refusal, as soon as practicable and in any event within two months
after the date on which the transfer is lodged with it (s. 771(1) Companies
, Act 2006). The company must complete and have ready for delivery the new
share certificate within the same period (s. 776(1) CA 2006).The transfer of
shares (or where a new shareholder joins the company) must also be
reported on the next annual confirmation statement to Companies House.
However, there is no need to send a copy of the share certificate to
Companies House or HMRC.There is only a requirement to update the PSC
register (or notify Companies House following such an update) is the
transfer is over 25% ownership.
◍ Associationists- John Mill - Emergent Properties.
Answer: Associative learning may result in behaviors that are different from
the elements that are created Ex. H2+ O = water This is a power concept
from a relatively small reflex alphabet we can store complex knowledge
◍ Sensitization in Aplysia.
Answer: - Shocking the head or tail results in an enhanced gill-withdrawal
reflex following siphon touch- Serotonin release (from interneuron)
promotes enhanced glutamate release (from sensory neuron)
◍ The Associationists.
Answer: - philosphers; learning via associations- 3 principles: 1. Contiguity
(Spatial) 2. Similarity (share characteristic) 3. Contrast (opposites)
◍ Why does a bacterial cell have multiple sigma factors?.
Answer: This allows the cell to coordinately transcribe genes with related
functions
◍ The following is a depiction of double stranded DN
A. The transcribed region of gene abc isindicated by the box. The bottom
strand is the template. Which letter(s) could represent thelocation of the
promoter?.
Answer: X only
◍ Individual Debtor Minimum.
Answer: Aggregate debt must equal or exceed £5,000.
◍ What provides the energy for the DNA polymerase reaction?.
, Answer: The reaction is coupled to pyrophosphate (P-P) hydrolysis by
LeChatelier's principle
◍ The will of the controls the actions of the body through the... (dualism).
Answer: Pineal Gland
◍ Within the context of a partnership agreement, which of the following best
describes the provision(s) that should be included to deal with the retiring
partner's share of the partnership business?.
Answer: The retiring partner will want to receive appropriate value for their
share of the business that will be left to the remaining partners: the
remaining partners will be concerned as to how they, as the continuing
partnership, will be able to pay for it. Therefore, provisions that set out a
valuation mechanism and the method of payment for a retiring partner's
share should be included in a partnership agreement.
◍ What is an example of threshold in MAPs?.
Answer: For stickleback fish, they need to follow a set of criteria in order to
court a female.Temperature and seasonal conditions for mating, completed
construction of nest, available female nearby
◍ Locke.
Answer: British empiricist (associationist) - all knowledge acquired through
experience, knowledge is built up through the association of ideas
◍ Reflexology.
Answer: All behavior can be explained in terms of reflexes. Voluntary only
seems voluntary because the stimulus may be too small to notice (like
sneezing)
◍ How does a prokaryotic RNA polymerase recognize a promoter?.
Answer: Its sigma subunit binds to consensus sequences at -10 and -35
◍ Identify the CS, US, UR, and CR! Kenny heard a new song on the radio
during his first kiss with a person to whom he was wild attracted. When
Kenny hears that song today, he feels nervous and aroused..
Answer: CS-New song <> US- his first kiss >> UR- attractionNow CS- new
QUESTIONS WITH ANSWERS GRADED A+
◍ Definitions: liquidity, EBIT, EVA, MVA.
Answer: - Liquidity: ability to meet short-term obligations - EBIT: Earnings
Before Interest and Taxes - EVA: Economic Value Added = NOPAT −
(WACC × Capital) - MVA: Market Value Added = Market value − Book
value
◍ Can a partnership with two separate businesses register each separate for
VAT purposes?.
Answer: NO - A 'person'—which includes an individual, partnership or
company—can register for VAT. A person can only have one VAT
registration and will therefore be liable for VAT on taxable supplies made
by all their businesses. A company organised into several divisions may, as
an exception to the general rule above, seek registration for each division.
◍ What should a buyer’s solicitor do with the purchase of shares?.
Answer: After the stock transfer form has been executed, this should be sent
to HMRC with payment of the stamp duty within 30 days of the effective
date of transfer. This is normally the date on which the form is signed. The
stamp duty is typically paid by the purchaser.Once HMRC is satisfied that
the consideration stated on the stock transfer form represents the full value
of the shares being transferred, it will stamp the stock transfer form and
return it to the purchaser. The purchaser can then apply to the company for
the registration of the shares by sending the duly completed, executed and
stamped stock transfer form to the company.When a transfer of shares has
been lodged with the company, it must either register the transfer or give the
transferee notice of refusal to register the transfer, together with its reasons
for the refusal, as soon as practicable and in any event within two months
after the date on which the transfer is lodged with it (s. 771(1) Companies
, Act 2006). The company must complete and have ready for delivery the new
share certificate within the same period (s. 776(1) CA 2006).The transfer of
shares (or where a new shareholder joins the company) must also be
reported on the next annual confirmation statement to Companies House.
However, there is no need to send a copy of the share certificate to
Companies House or HMRC.There is only a requirement to update the PSC
register (or notify Companies House following such an update) is the
transfer is over 25% ownership.
◍ Associationists- John Mill - Emergent Properties.
Answer: Associative learning may result in behaviors that are different from
the elements that are created Ex. H2+ O = water This is a power concept
from a relatively small reflex alphabet we can store complex knowledge
◍ Sensitization in Aplysia.
Answer: - Shocking the head or tail results in an enhanced gill-withdrawal
reflex following siphon touch- Serotonin release (from interneuron)
promotes enhanced glutamate release (from sensory neuron)
◍ The Associationists.
Answer: - philosphers; learning via associations- 3 principles: 1. Contiguity
(Spatial) 2. Similarity (share characteristic) 3. Contrast (opposites)
◍ Why does a bacterial cell have multiple sigma factors?.
Answer: This allows the cell to coordinately transcribe genes with related
functions
◍ The following is a depiction of double stranded DN
A. The transcribed region of gene abc isindicated by the box. The bottom
strand is the template. Which letter(s) could represent thelocation of the
promoter?.
Answer: X only
◍ Individual Debtor Minimum.
Answer: Aggregate debt must equal or exceed £5,000.
◍ What provides the energy for the DNA polymerase reaction?.
, Answer: The reaction is coupled to pyrophosphate (P-P) hydrolysis by
LeChatelier's principle
◍ The will of the controls the actions of the body through the... (dualism).
Answer: Pineal Gland
◍ Within the context of a partnership agreement, which of the following best
describes the provision(s) that should be included to deal with the retiring
partner's share of the partnership business?.
Answer: The retiring partner will want to receive appropriate value for their
share of the business that will be left to the remaining partners: the
remaining partners will be concerned as to how they, as the continuing
partnership, will be able to pay for it. Therefore, provisions that set out a
valuation mechanism and the method of payment for a retiring partner's
share should be included in a partnership agreement.
◍ What is an example of threshold in MAPs?.
Answer: For stickleback fish, they need to follow a set of criteria in order to
court a female.Temperature and seasonal conditions for mating, completed
construction of nest, available female nearby
◍ Locke.
Answer: British empiricist (associationist) - all knowledge acquired through
experience, knowledge is built up through the association of ideas
◍ Reflexology.
Answer: All behavior can be explained in terms of reflexes. Voluntary only
seems voluntary because the stimulus may be too small to notice (like
sneezing)
◍ How does a prokaryotic RNA polymerase recognize a promoter?.
Answer: Its sigma subunit binds to consensus sequences at -10 and -35
◍ Identify the CS, US, UR, and CR! Kenny heard a new song on the radio
during his first kiss with a person to whom he was wild attracted. When
Kenny hears that song today, he feels nervous and aroused..
Answer: CS-New song <> US- his first kiss >> UR- attractionNow CS- new
