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Engineering Economics

Engineering Economics
How long will it take money to double itself if invested at 5% compounded annually?

14.7 years
15.3 years
13.7 years
14.2 years

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Engineering Economics
One banker’s year is equivalent to ______ days.

360
300
366
365

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Engineering Economics
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.?

Necessity
Commodity
Stock
Utility

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Engineering Economics
What is the basic accounting equation?

Owner’s equity = assets + liability
Liability = assets + owners’ equity
Assets = liability + owner’s equity
Owner’s equity = liability – assets

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Engineering Economics
The sunk costs include:

An invested capital that cannot be retrieved
A past expenditure
All of these
An unrecovered balance

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Engineering Economics
Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following?

Cost per square metre method
Cost per linear metre method
Cost per function method
Base unit method

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