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Engineering Economics

Engineering Economics
One banker’s year is equivalent to ______ days.

300
360
365
366

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Engineering Economics
What is defined as the reduction or fall of the value of an asset due to constant use and passage of time?

Inflation
Deflation
Depreciation
Depletion

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Engineering Economics
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?

Services
Goods or commodities
Goods
Commodities

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Engineering Economics
The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as

Conceptual estimate
None of these
Definitive estimate
Probabilistic estimate

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Engineering Economics
What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment?

Return of investment
Yield
Rate of return
Economic return

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Engineering Economics
What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

0.0812
0.0807
0.0824
0.0816

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