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Engineering Economics

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

Monopoly
Monopsony
Oligopsony
Oligopoly

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Engineering Economics
What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc.?

Equipment bond
Equipment trust bond
Railroad bond
Equipment obligation bond

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Engineering Economics
What is another term for “unit method” for computing depletion?

Initial cost method
Sinking fund method
Factor method
Percentage method

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Engineering Economics
What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security?

Office
Market
Store
Mall

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Engineering Economics
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.

10 years
7 eyars
8 years
9 years

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

Work book
Account book
Ledger
Journal

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