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Engineering Economics

Engineering Economics
The functional depreciation is sometimes called ______.

Failure depreciation
Life depreciation
Adolescence
Demand depreciation

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Engineering Economics
Current assets less inventories divided by current liabilities is known as

Current ratio
Debts ratio
Acid-Test (or Quick) ratio
Liquidity ratio

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

Commodities
Goods or commodities
Services
Goods

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Engineering Economics
What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days.

0.1972
0.1931
0.1961
0.1944

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Engineering Economics
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?

Luxury
Consumer products
Producer products
Necessity

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Engineering Economics
What is used to record historical financial transactions?

Balance check
Ledger system
Bookkeeping system
General journal system

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