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

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Engineering Economics
Which is true about corporation?

It is worse type of business organization.
The minimum number of incorporators to start a corporation is three.
The stock holders of the corporation are only liable to the extent of their investments.
Its life is dependent on the lives of the incorporators.

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The amounts of all payments are equal.
Compound interest is paid on all amounts in the annuity.
The first payment is made at the beginning of the first period.
The payments are made at equal interval of time.

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