Engineering Economics What is a market situation whereby there is only one buyer of an item for which there is no goods substitute? Monopsony Oligopoly Oligopsony Monopoly Monopsony Oligopoly Oligopsony Monopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the amount of a product made available for sale? Supply Good Product Demand Supply Good Product Demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______. Fixed cost First cost In-place value Material cost Fixed cost First cost In-place value Material cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the simplest form of business organization? Corporation Sole proprietorship Partnership Enterprise Corporation Sole proprietorship Partnership Enterprise ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Capitalized cost of any structure or property is computed by which formula? First cost + cost of perpetual maintenance Annual cost – interest of first cost First cost + interest of first cost First cost + salvage value First cost + cost of perpetual maintenance Annual cost – interest of first cost First cost + interest of first cost First cost + salvage value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______. Equity Return Share of stock Dividend Equity Return Share of stock Dividend ANSWER DOWNLOAD EXAMIANS APP
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