Engineering Economics What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want? Goods Services Commodities Goods or commodities Goods Services Commodities Goods or commodities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If ‘S’ is the future capital accumulated in ‘n’ years at the rate of interest ‘I’ per annum, then present worth is: None of these S (1 + i)n S/(1 + i)n S (1 + i)1/n None of these S (1 + i)n S/(1 + i)n S (1 + i)1/n ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the reduction in the money value of capital asset is called? Capital expenditure Capital loss Deficit Loss Capital expenditure Capital loss Deficit Loss ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “unit method” for computing depletion? Factor method Percentage method Sinking fund method Initial cost method Factor method Percentage method Sinking fund method Initial cost method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the main purpose of project cost control from the following: To promote cost consciousness To signal immediate warning of uneconomic operations All of these To provide a feed back to the estimator To promote cost consciousness To signal immediate warning of uneconomic operations All of these To provide a feed back to the estimator ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is: (1 + i/n)1/m (1 + i/m)1/n (1 + i/m)n (1 + i/n)m (1 + i/n)1/m (1 + i/m)1/n (1 + i/m)n (1 + i/n)m ANSWER DOWNLOAD EXAMIANS APP
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