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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
Oligopsony
Monopsony
Oligopoly

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Engineering Economics
What is used to record historical financial transactions?

Bookkeeping system
Balance check
General journal system
Ledger system

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Engineering Economics
What is the feature of some bonds whereby the issuer can redeem it before it matures?

Recall clause
Return clause
Callability
Call class

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Engineering Economics
A bond without any security behind them except a promise to pay by the issuing corporation is called ______.

Debenture bond
Trust bond
Joint bond
Common bond

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Engineering Economics
Under ordinary simple interest, how many days in one year?

365
300
360
366

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Engineering Economics
What is another term for “perfect competition”?

Heterogeneous market
Free-for-all competition
No-limit competition
Atomistic competition

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