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ENGINEERING ECONOMICS

Engineering Economics
Which one of the following is not a construction estimate?

None of these
Definite estimate
Conceptual preliminary budget
Initial feasibility estimate

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Engineering Economics
What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration?

Manufacturer
Buyer or consumer
Producer
Seller

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Engineering Economics
What refers to the goods and services that are required to support human life, needs and activities?

Luxury
Necessity
Producer products
Consumer products

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Engineering Economics
What market situation exists where there are few sellers and few buyers?

Bilateral oligopoly
Bilateral Oligopsony
Oligopoly
Oligopsony

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Engineering Economics
______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations.

Known owners
Status company
Goodwill
Big income

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