Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Producer Manufacturer Buyer or consumer Seller Producer Manufacturer Buyer or consumer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? Sum-of-year digit method Sinking fund method Straight line method Declining balance method Sum-of-year digit method Sinking fund method Straight line method Declining balance method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the claim of anyone to ownership? Assets Equity Proprietorship Liability Assets Equity Proprietorship Liability ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What represents the share of participation in business organizations? Stock Franchise Corporation Partnership Stock Franchise Corporation Partnership ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All the proceeds which are received by the business as a result of the sale of goods is called ______. Net revenue Net income Gross income Total sales Net revenue Net income Gross income Total sales ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Discrete method and depletion allowance method Rational method and irrational method Conservative method and conventional method Unit method and percentage method Discrete method and depletion allowance method Rational method and irrational method Conservative method and conventional method Unit method and percentage method ANSWER DOWNLOAD EXAMIANS APP
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