Engineering Economics Salvage value is sometimes known as ______. Second-hand value Scrap value Junk value Going value Second-hand value Scrap value Junk value Going value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Necessity Producer products Luxury Consumer products Necessity Producer products Luxury Consumer products ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? Atomistic competition Free-for-all competition No-limit competition Heterogeneous market Atomistic competition Free-for-all competition No-limit competition Heterogeneous market ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now? 12 months 10 months 13 months 11 months 12 months 10 months 13 months 11 months ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is used to record historical financial transactions? Ledger system Balance check Bookkeeping system General journal system Ledger system Balance check Bookkeeping system General journal system ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand? 1.6 hours per unit 1.4 hours per unit 1.2 hours per unit 1.0 hour per unit 1.6 hours per unit 1.4 hours per unit 1.2 hours per unit 1.0 hour per unit ANSWER DOWNLOAD EXAMIANS APP
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