Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of supply Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The wages of supervisors and material handlers are charged as: None of these Indirect labour cost Direct labour cost Over head None of these Indirect labour cost Direct labour cost Over head ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The process of determining the value or worth of a physical property for specific reason is called ______. Valuation Investment Economy Depletion Valuation Investment Economy Depletion ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Annuities involve: All payments of equal amount All of these A series of payments Payment at equal time intervals All payments of equal amount All of these A series of payments Payment at equal time intervals ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation? T-bills Bond Promissory note Stock T-bills Bond Promissory note Stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties? Franchise value Market value Fair value Book value Franchise value Market value Fair value Book value ANSWER DOWNLOAD EXAMIANS APP
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