Engineering Economics What is considered as the basic consuming or demanding unit of a commodity? Buyer or consumer Producer Seller Manufacturer Buyer or consumer Producer Seller Manufacturer ANSWER DOWNLOAD EXAMIANS APP
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 Corporation Sole proprietorship Partnership Entrepreneurship Corporation Sole proprietorship Partnership ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Homogeneous product Perfect information and absence of all economic friction All of these Free market entry and exit Homogeneous product Perfect information and absence of all economic friction All of these Free market entry and exit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes? Straight line method Sinking fund method Sum-of-year digit method Declining balance method Straight line method Sinking fund method Sum-of-year digit method Declining balance method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Lands, buildings, plants and machineries are example of what type of asset? Trade investment asset Current asset Intangible asset Fixed asset Trade investment asset Current asset Intangible asset Fixed asset ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the need, want or desire for a product backed by the money to purchase it? Good Product Supply Demand Good Product Supply Demand ANSWER DOWNLOAD EXAMIANS APP
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