Engineering Economics Oligopoly exists when there is/are: Few sellers and many buyers Many sellers and few buyers Few sellers and few buyers One seller and few buyers Few sellers and many buyers Many sellers and few buyers Few sellers and few buyers One seller and few buyers ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results? Physical depreciation Demand depreciation Design depreciation Functional depreciation Physical depreciation Demand depreciation Design depreciation Functional depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market? Monopoly Perfect competition Oligopsony Oligopoly Monopoly Perfect competition Oligopsony Oligopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method. 8 years 7 eyars 10 years 9 years 8 years 7 eyars 10 years 9 years ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Gross margin is the ratio of the gross profit to ______. Inventory turnover Quick assets Net sale Owner’s equity Inventory turnover Quick assets Net sale Owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest? Effective rate of interest Compound interest Simple interest Nominal rate of interest Effective rate of interest Compound interest Simple interest Nominal rate of interest ANSWER DOWNLOAD EXAMIANS APP
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