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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?

Oligopoly
Monopsony
Oligopsony
Monopoly

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Engineering Economics
The more critical (or severe) test of the firm's liquidity can be judged by:

Acid-Test (or Quick) ratio
Liquidity ratio
Current ratio
Debts ratio

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Engineering Economics
A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000

1,033
1,043
1,037
1,053

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Engineering Economics
What is a secondary book of accounts, the information of which is obtained from the journal is called?

Trial balance
Balanced sheet
Ledger
Worksheet

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Engineering Economics
Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ______.

Corporation
Investors
Partnership
Stockholders

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Engineering Economics
What is an accounting term that represents an inventory account adjustment?

Standard cost
Cost of goods sold
Cost accounting
Overhead cost

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