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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.?

Commodity
Utility
Stock
Necessity

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Engineering Economics
Present worth Annuity (PWA) is generally known as

Income annuities
All of these
Future annuities
Premium annuities

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Engineering Economics
What is the market situation exist when there are many buyers and many sellers?

Oligopsony
Monopoly
Oligopoly
Perfect competition

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Engineering Economics
The declining balance method is also known as ______.

Double percentage method
Modified sinking fund method
Modified SYD method
Constant percentage method

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Engineering Economics
What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?

Compound interest
Effective rate of interest
Simple interest
Nominal rate of interest

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Engineering Economics
What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects?

Engineering economy
Design cost analysis
Engineering cost analysis
Economic Analysis

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