Engineering Economics A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ______. Cooperative Corporation Enterprise Partnership Cooperative Corporation Enterprise Partnership ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The project contractor relies on the cost of the estimate: All of these For a unit price contract For submission of a competitive bid for a lump-sum contract For preparation of a definitive estimate to help negotiate contract All of these For a unit price contract For submission of a competitive bid for a lump-sum contract For preparation of a definitive estimate to help negotiate contract ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand? 1.2 hours per unit 1.0 hour per unit 1.6 hours per unit 1.4 hours per unit 1.2 hours per unit 1.0 hour per unit 1.6 hours per unit 1.4 hours per unit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want? Goods Commodities Goods or commodities Services Goods Commodities Goods or commodities Services ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Producer products Consumer products Necessity Luxury Producer products Consumer products Necessity Luxury ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the market situation exist when there are many buyers and many sellers? Monopoly Oligopsony Oligopoly Perfect competition Monopoly Oligopsony Oligopoly Perfect competition ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS