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Engineering Economics

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

Cost of goods sold
Cost accounting
Overhead cost
Standard cost

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Engineering Economics
What refers to the need, want or desire for a product backed by the money to purchase it?

Supply
Demand
Good
Product

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Engineering Economics
What is the type of annuity that does not have a fixed time span but continues indefinitely or forever?

Perpetuity
Deferred annuity
Annuity due
Ordinary annuity

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Engineering Economics
Return on investment ratio is the ratio of the:

Net income to owner’s equity
Market price per share to earnings per share
Net credit sales to average net receivable
Cost of goods sold to average cost of inventory at hand

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Engineering Economics
If there are many sellers and few buyers, the market situation is _________ .

Duopsony
Monopoly
Oligopsony
Oligopoly

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Engineering Economics
The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as ______.

Yield
Gain
Earning value
Economic return

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MORE MCQ ON Engineering Economics

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