Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Manufacturer Producer Buyer or consumer Seller Manufacturer Producer Buyer or consumer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics An association of two or more persons for the purpose of engaging into a business for profit is called ______. Proprietorship Entrepreneurship Partnership Corporation Proprietorship Entrepreneurship Partnership Corporation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? Simple interest Compound interest Effective rate of interest Nominal rate of interest Simple interest Compound interest Effective rate of interest Nominal rate of interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Annuities involve: All payments of equal amount All of these Payment at equal time intervals A series of payments All payments of equal amount All of these Payment at equal time intervals A series of payments ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “acid-test ratio”? Profit margin ratio Price-earnings ratio Quick ratio Current ratio Profit margin ratio Price-earnings ratio Quick ratio Current ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties? Market value Fair value Book value Franchise value Market value Fair value Book value Franchise value ANSWER DOWNLOAD EXAMIANS APP
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