Engineering Economics In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? Sum-of-year digit method Declining balance method Straight line method Sinking fund method Sum-of-year digit method Declining balance method Straight line method Sinking fund method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the element of the cost from the following: All of these Direct labour Direct material Over head All of these Direct labour Direct material Over head ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The functional depreciation is sometimes called ______. Adolescence Demand depreciation Life depreciation Failure depreciation Adolescence Demand depreciation Life depreciation Failure depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Lands, buildings, plants and machineries are example of what type of asset? Fixed asset Trade investment asset Current asset Intangible asset Fixed asset Trade investment asset Current asset Intangible asset ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? Heterogeneous market Free-for-all competition Atomistic competition No-limit competition Heterogeneous market Free-for-all competition Atomistic competition No-limit competition ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______. Currency depreciation Currency float Currency appreciation Currency devaluation Currency depreciation Currency float Currency appreciation Currency devaluation ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS