Engineering Economics Pick up the element of the cost from the following: Over head All of these Direct material Direct labour Over head All of these Direct material Direct labour ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of supply Law of diminishing return Law of supply and demand Law of demand Law of supply Law of diminishing return Law of supply and demand Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The more critical (or severe) test of the firm's liquidity can be judged by: Liquidity ratio Current ratio Debts ratio Acid-Test (or Quick) ratio Liquidity ratio Current ratio Debts ratio Acid-Test (or Quick) ratio 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 The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______. Economic return Nominal interest Effective interest Expected return Economic return Nominal interest Effective interest Expected return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to an imaginary cost representing what will not be received if a particular strategy is rejected? Ghost cost Horizon cost Null cost Opportunity cost Ghost cost Horizon cost Null cost Opportunity cost ANSWER DOWNLOAD EXAMIANS APP
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