Engineering Economics The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______. Currency devaluation Currency appreciation Currency depreciation Currency float Currency devaluation Currency appreciation Currency depreciation Currency float ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the need, want or desire for a product backed by the money to purchase it? Supply Product Good Demand Supply Product Good Demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______. First cost Fixed cost Material cost In-place value First cost Fixed cost Material cost In-place value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is considered as the basic consuming or demanding unit of a commodity? Producer Manufacturer Buyer or consumer Seller Producer Manufacturer Buyer or consumer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A VOM has a selling price of P 400. If its selling price is expected to decline at a rate of 10% per annum due to obsolescence, what will be its selling price after 5 years? P 222.67 P 231.56 P 212.90 P 236.20 P 222.67 P 231.56 P 212.90 P 236.20 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest? 0.0395 0.0392 0.039 0.0398 0.0395 0.0392 0.039 0.0398 ANSWER DOWNLOAD EXAMIANS APP
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