Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Homogeneous product Perfect information and absence of all economic friction Free market entry and exit All of these Homogeneous product Perfect information and absence of all economic friction Free market entry and exit All of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest? Effective rate of interest Simple interest Compound interest Nominal rate of interest Effective rate of interest Simple interest Compound interest Nominal rate of interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller. Fixed percentage of gross income or 50% of the net taxable income 50% of the fixed percentage of gross income or the net taxable income Fixed percentage of gross income or the net taxable income 50% of the fixed percentage of gross income or 50% of the net taxable income Fixed percentage of gross income or 50% of the net taxable income 50% of the fixed percentage of gross income or the net taxable income Fixed percentage of gross income or the net taxable income 50% of the fixed percentage of gross income or 50% of the net taxable income ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents? Depletion Inflation Depreciation Deflation Depletion Inflation Depreciation Deflation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity where the first payment does not begin until some later date in the cash flow? Deferred annuity Annuity due Ordinary annuity Perpetuity Deferred annuity Annuity due Ordinary annuity Perpetuity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In case of bankruptcy of a partnership, The partners personal assets are attached to the debt of the partnership The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities The partners are not liable for the liabilities of the partnership The partners nay sell stock to generate additional capital The partners personal assets are attached to the debt of the partnership The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities The partners are not liable for the liabilities of the partnership The partners nay sell stock to generate additional capital ANSWER DOWNLOAD EXAMIANS APP
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