Engineering Economics Cash money and credit necessary to establish and operate an enterprise are generally called ______. Liabilities Assets Funds Capital Liabilities Assets Funds Capital 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? Commodities Services Goods Goods or commodities Commodities Services Goods Goods or commodities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is: None of these (1 + i)n (1 + i)(1/2n) √(n + i) None of these (1 + i)n (1 + i)(1/2n) √(n + i) ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is considered as the standard unit which forms the basis of a country’s domestic money supply? Foreign exchange Cash or check Monetary unit Currency Foreign exchange Cash or check Monetary unit Currency ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is an accounting term that represents an inventory account adjustment? Cost accounting Overhead cost Cost of goods sold Standard cost Cost accounting Overhead cost Cost of goods sold Standard cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate? 0.1628 0.1602 0.1647 0.1632 0.1628 0.1602 0.1647 0.1632 ANSWER DOWNLOAD EXAMIANS APP
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