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Engineering Economics

Engineering Economics
The wages of supervisors and material handlers are charged as:

Over head
Direct labour cost
Indirect labour cost
None of these

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Engineering Economics
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents?

Deflation
Depletion
Depreciation
Inflation

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Engineering Economics
First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes?

0.21
0.2
0.18
0.19

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Engineering Economics
Annuities involve:

Payment at equal time intervals
A series of payments
All of these
All payments of equal amount

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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 float
Currency devaluation
Currency appreciation
Currency depreciation

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

Monopoly
Monopsony
Bilateral monopoly
Bilateral monopsony

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