Engineering Economics The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called ______. Book value Good will value Fair value Market value Book value Good will value Fair value Market value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of supply Law of demand Law of supply and demand Law of diminishing return Law of supply Law of demand Law of supply and demand Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the simplest form of business organization? Sole proprietorship Partnership Enterprise Corporation Sole proprietorship Partnership Enterprise Corporation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The person desires to pay off the amount in 10 equal annual instalments. The amount of each installment is: Rs. 5638 None of these Rs. 7738 Rs. 6638 Rs. 5638 None of these Rs. 7738 Rs. 6638 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Capitalized cost of any structure or property is computed by which formula? First cost + salvage value First cost + interest of first cost Annual cost – interest of first cost First cost + cost of perpetual maintenance First cost + salvage value First cost + interest of first cost Annual cost – interest of first cost First cost + cost of perpetual maintenance ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a secondary book of accounts, the information of which is obtained from the journal is called? Ledger Worksheet Balanced sheet Trial balance Ledger Worksheet Balanced sheet Trial balance ANSWER DOWNLOAD EXAMIANS APP
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