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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
Monopoly
Oligopoly
Monopsony

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Engineering Economics
The wages of supervisors and material handlers are charged as:

Indirect labour cost
None of these
Over head
Direct labour cost

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Engineering Economics
The ratio of current assets to current liabilities is known as

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

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Engineering Economics
What refers to an imaginary cost representing what will not be received if a particular strategy is rejected?

Horizon cost
Ghost cost
Opportunity cost
Null cost

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Engineering Economics
Pick up the method used for project evaluation and selection in capital budgeting from the following:

Internal ratio of return
Payback period
All listed here
Net present worth

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Engineering Economics
What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn?

Interest rate
Yield
Present worth factor
Time value of money

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