Engineering Economics The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as Conceptual estimate Probabilistic estimate None of these Definitive estimate Conceptual estimate Probabilistic estimate None of these Definitive estimate ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Capitalized cost of a project is also known as ______. Infinite cost Life cycle cost Project cost Life cost Infinite cost Life cycle cost Project cost Life cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Gross margin is the ratio of the gross profit to ______. Net sale Quick assets Inventory turnover Owner’s equity Net sale Quick assets Inventory turnover Owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? Assets = liability + owner’s equity Owner’s equity = assets + liability Owner’s equity = liability – assets Liability = assets + owners’ equity Assets = liability + owner’s equity Owner’s equity = assets + liability Owner’s equity = liability – assets Liability = assets + owners’ equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? Effective rate of interest Compound interest Simple interest Nominal rate of interest Effective rate of interest Compound interest Simple interest Nominal rate of interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn? Yield Time value of money Present worth factor Interest rate Yield Time value of money Present worth factor Interest rate ANSWER DOWNLOAD EXAMIANS APP
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