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
Goodwill
Big income
Status company

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Engineering Economics
Each financial ratio is generally compared by

A ratio of some selected firms most progressive and successful at the point of consideration
All of these
A past ratio calculated from the past financial standard of the firm
A ratio developed by using the projected financial statement of the firm

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