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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
Utility
Commodity
Stock

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Engineering Economics
One banker’s year is equivalent to ______ days.

365
360
366
300

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Engineering Economics
A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.

Perfect monopoly
Ordinary monopoly
Natural monopoly
Bilateral monopoly

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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
Monopsony
Monopoly

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Engineering Economics
Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by:

Owner himself/herself
Construction manager
Construction manager
Architect/engineer

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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 appreciation
Currency devaluation
Currency depreciation
Currency float

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