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Engineering Economics

Engineering Economics
The original record of a business transaction is recorded in this book.

Account book
Ledger
Journal
Work book

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Engineering Economics
Aside from many sellers and many buyers, which one is a characteristic of perfect competition?

Homogeneous product
All of these
Perfect information and absence of all economic friction
Free market entry and exit

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Engineering Economics
What refers to the present worth of cost associated with an asset for an infinite period of time?

Capitalized cost
Increment cost
Operating cost
Annual cost

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Engineering Economics
The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as ______.

Gain
Economic return
Yield
Earning value

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Engineering Economics
What market situation exists where there is only one buyer and only one seller?

Monopsony
Monopoly
Bilateral monopsony
Bilateral monopoly

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Engineering Economics
A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan?

P 6,292.93
P 6,999.39
P 6,922.93
P 6,222.39

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