Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Homogeneous product Free market entry and exit Perfect information and absence of all economic friction All of these Homogeneous product Free market entry and exit Perfect information and absence of all economic friction All of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Which is NOT an essential element of an ordinary annuity? The payments are made at equal interval of time. The first payment is made at the beginning of the first period. The amounts of all payments are equal. Compound interest is paid on all amounts in the annuity. The payments are made at equal interval of time. The first payment is made at the beginning of the first period. The amounts of all payments are equal. Compound interest is paid on all amounts in the annuity. ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the two classifications of goods and services? Consumer and producer Local and imported Raw and finished Ready-made and made-to-order Consumer and producer Local and imported Raw and finished Ready-made and made-to-order ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Lands, buildings, plants and machineries are example of what type of asset? Fixed asset Intangible asset Trade investment asset Current asset Fixed asset Intangible asset Trade investment asset Current asset ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Liquidity ratios are used: To measure a firm’s ability to meet short-cut obligations All of these To compare short term obligations to short-term resources available to meet these obligations To obtain much insight into the present cash solvency of the firm and the firm To measure a firm’s ability to meet short-cut obligations All of these To compare short term obligations to short-term resources available to meet these obligations To obtain much insight into the present cash solvency of the firm and the firm ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Necessity Producer products Consumer products Luxury Necessity Producer products Consumer products Luxury ANSWER DOWNLOAD EXAMIANS APP
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