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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
Return on investment ratio is the ratio of the:

Net income to owner’s equity
Cost of goods sold to average cost of inventory at hand
Net credit sales to average net receivable
Market price per share to earnings per share

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Engineering Economics
A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand?

1.2 hours per unit
1.4 hours per unit
1.0 hour per unit
1.6 hours per unit

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Engineering Economics
Probabilistic estimating of a construction project includes:

Labour
All of these
Productivity
Wage scale

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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?

Inflation
Deflation
Depletion
Depreciation

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Engineering Economics
What is considered as the basic consuming or demanding unit of a commodity?

Manufacturer
Buyer or consumer
Producer
Seller

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