Engineering Economics If ‘a’ is the base amount expenditure, ‘b’ is the increase in the operation cost each year over a period of’ 'n’ years, the total cost of maintenance is: a + (n - 1) b a × (n - 1) b a - (n - 1) b a + (n + 1) b a + (n - 1) b a × (n - 1) b a - (n - 1) b a + (n + 1) b ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the two classifications of goods and services? Ready-made and made-to-order Consumer and producer Local and imported Raw and finished Ready-made and made-to-order Consumer and producer Local and imported Raw and finished ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What market situation exists where there are few sellers and few buyers? Bilateral oligopoly Oligopoly Bilateral Oligopsony Oligopsony Bilateral oligopoly Oligopoly Bilateral Oligopsony Oligopsony ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The key to profitable operation for project cost control, is: To keep the project cost equal to subsequent construction budget To keep the project cost equal to original cost estimate To keep the project cost within the cost budget and knowing when and where job costs are deviating None of these To keep the project cost equal to subsequent construction budget To keep the project cost equal to original cost estimate To keep the project cost within the cost budget and knowing when and where job costs are deviating None of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities. Corporation Partnership Entrepreneurship Sole proprietorship Corporation Partnership Entrepreneurship Sole proprietorship ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the reduction in the money value of capital asset is called? Loss Capital expenditure Capital loss Deficit Loss Capital expenditure Capital loss Deficit ANSWER DOWNLOAD EXAMIANS APP
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