Engineering Economics What are the two classifications of goods and services? Raw and finished Local and imported Ready-made and made-to-order Consumer and producer Raw and finished Local and imported Ready-made and made-to-order Consumer and producer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is: √(n + i) (1 + i)n None of these (1 + i)(1/2n) √(n + i) (1 + i)n None of these (1 + i)(1/2n) ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to an imaginary cost representing what will not be received if a particular strategy is rejected? Opportunity cost Horizon cost Ghost cost Null cost Opportunity cost Horizon cost Ghost cost Null cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate. Currency depreciation Currency float Currency devaluation Currency appreciation Currency depreciation Currency float Currency devaluation Currency appreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product? Hoard stock Stock pile Withheld stock Buffer stock Hoard stock Stock pile Withheld stock Buffer stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity that does not have a fixed time span but continues indefinitely or forever? Deferred annuity Perpetuity Ordinary annuity Annuity due Deferred annuity Perpetuity Ordinary annuity Annuity due ANSWER DOWNLOAD EXAMIANS APP
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