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Engineering Economics

Engineering Economics
Salvage value is sometimes known as ______.

Scrap value
Junk value
Going value
Second-hand value

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Engineering Economics
The flow back of profit plus depreciation form a given project is called ______.

Earning value
Cash flow
Capital recovery
Economic return

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Engineering Economics
What is used to record historical financial transactions?

Bookkeeping system
General journal system
Ledger system
Balance check

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

Services
Goods
Goods or commodities
Commodities

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Engineering Economics
The process of determining the value or worth of a physical property for specific reason is called ______.

Valuation
Investment
Depletion
Economy

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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
1.2 hours per unit
1.4 hours per unit
1.0 hour per unit

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