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Engineering Economics

Engineering Economics
What is considered as the basic consuming or demanding unit of a commodity?

Buyer or consumer
Seller
Producer
Manufacturer

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Engineering Economics
What are the two classifications of goods and services?

Raw and finished
Local and imported
Ready-made and made-to-order
Consumer and producer

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Engineering Economics
If a seller recovers his capital along with accumulated compensating interest not in one single lump-sum payment but in periodical equal payments, over time:

Sinking Fund Annuity is availed
Capital Recovery Annuity fs availed
Present work Annuity is availed
Sinking Fund Annuity is availed

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Engineering Economics
Annuities involve:

All of these
All payments of equal amount
A series of payments
Payment at equal time intervals

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Engineering Economics
What is normally used to compare alternatives that accomplish the same purpose but have unequal lives?

Capitalized cost method
Annual cost method
Present worth method
MARR

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Engineering Economics
What is a secondary book of accounts, the information of which is obtained from the journal is called?

Balanced sheet
Worksheet
Trial balance
Ledger

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MORE MCQ ON Engineering Economics

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