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Engineering Economics

Engineering Economics
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.?

Necessity
Stock
Commodity
Utility

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Engineering Economics
What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?

Oligopsony
Oligopoly
Monopoly
Monopsony

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Engineering Economics
How long will it take money to double itself if invested at 5% compounded annually?

13.7 years
15.3 years
14.2 years
14.7 years

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

Work book
Journal
Account book
Ledger

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Engineering Economics
What is the term for an annuity with a fixed time span?

Perpetuity
Ordinary annuity
Annuity certain
Annuity due

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Engineering Economics
What is used to record historical financial transactions?

General journal system
Ledger system
Balance check
Bookkeeping system

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MORE MCQ ON Engineering Economics

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