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Engineering Economics

Engineering Economics
What is an index of short-term paying ability?

Current ratio
Price-earnings ratio
Profit margin ratio
Gross margin

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Engineering Economics
What is the change in cost per unit variable change called?

Supplemental cost
Variable cost
Incremental cost
Fixed cost

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Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P19,000
P18,000
P18,900
P19,100

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Engineering Economics
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.

Entrepreneurship
Sole proprietorship
Partnership
Corporation

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Engineering Economics
What refers to the goods and services that are required to support human life, needs and activities?

Necessity
Luxury
Consumer products
Producer products

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

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

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