Engineering Economics Cash money and credit necessary to establish and operate an enterprise are generally called ______. Assets Liabilities Capital Funds Assets Liabilities Capital Funds ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of demand Law of supply Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The construction estimate of a project is used by: All of these The contractor of the project The owner of the facility The consulting architect/engineer All of these The contractor of the project The owner of the facility The consulting architect/engineer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is: (1 + i/m)n (1 + i/m)1/n (1 + i/n)1/m (1 + i/n)m (1 + i/m)n (1 + i/m)1/n (1 + i/n)1/m (1 + i/n)m ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? Consumer products Producer products Necessity Luxury Consumer products Producer products Necessity Luxury ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Both architect and engineer make use of the cost estimate of the project: For choosing alternatives All of these For site selection For designing of the project For choosing alternatives All of these For site selection For designing of the project ANSWER DOWNLOAD EXAMIANS APP
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