Engineering Economics What is another term for “perfect competition”? Heterogeneous market No-limit competition Free-for-all competition Atomistic competition Heterogeneous market No-limit competition Free-for-all competition Atomistic competition ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of demand Law of diminishing return Law of supply Law of supply and demand Law of demand Law of diminishing return Law of supply Law of supply and demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate? 16.02 % 16.47 % 16.28 % 16.32 % 16.02 % 16.47 % 16.28 % 16.32 % ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Double taxation is a disadvantage of which business organization? Enterprise Sole proprietorship Corporation Partnership Enterprise Sole proprietorship Corporation Partnership ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity where the first payment does not begin until some later date in the cash flow? Ordinary annuity Deferred annuity Annuity due Perpetuity Ordinary annuity Deferred annuity Annuity due Perpetuity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The key to profitable operation for project cost control, is: None of these To keep the project cost equal to original cost estimate To keep the project cost equal to subsequent construction budget To keep the project cost within the cost budget and knowing when and where job costs are deviating None of these To keep the project cost equal to original cost estimate To keep the project cost equal to subsequent construction budget To keep the project cost within the cost budget and knowing when and where job costs are deviating ANSWER DOWNLOAD EXAMIANS APP
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