Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Seller Manufacturer Producer Buyer or consumer Seller Manufacturer Producer Buyer or consumer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “current assets”? Fixed assets Non-liquid assets Ccash Liquid assets Fixed assets Non-liquid assets Ccash Liquid assets ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following? Cost per function method Cost per linear metre method Cost per square metre method Base unit method Cost per function method Cost per linear metre method Cost per square metre method Base unit method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market? Oligopsony Perfect competition Monopoly Oligopoly Oligopsony Perfect competition Monopoly Oligopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save? Consumer saving All of these Compulsory saving Forced saving Consumer saving All of these Compulsory saving Forced saving ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want? Goods or commodities Goods Commodities Services Goods or commodities Goods Commodities Services ANSWER DOWNLOAD EXAMIANS APP
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