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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?

Oligopsony
Oligopoly
Monopsony
Monopoly

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Engineering Economics
Which one of the following is included in financial ratios of the firm?

Profitability ratio
Turnover ratio
Liquidity ratio
All of these

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

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

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Engineering Economics
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called ______.

Annuity
Economic life
In-place value
Sunk cost

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Engineering Economics
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.

Sole proprietorship
Corporation
Partnership
Entrepreneurship

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Engineering Economics
What is the opposite of perfect competition?

Oligopoly
Oligopsony
Monopoly
Monopsony

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MORE MCQ ON Engineering Economics

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