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Engineering Economics

Engineering Economics
The ability to convert assets to cash quickly is known as ______.

Leverage
Solvency
Liquidity
Insolvency

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Engineering Economics
A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ______.

Enterprise
Partnership
Cooperative
Corporation

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Engineering Economics
The project contractor relies on the cost of the estimate:

For preparation of a definitive estimate to help negotiate contract
For submission of a competitive bid for a lump-sum contract
All of these
For a unit price contract

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

300
365
360
366

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Engineering Economics
What is another term for “current assets”?

Non-liquid assets
Liquid assets
Fixed assets
Ccash

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Engineering Economics
The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______.

Nominal interest
Expected return
Effective interest
Economic return

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