Engineering Economics What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest? Simple interest Nominal rate of interest Effective rate of interest Compound interest Simple interest Nominal rate of interest Effective rate of interest Compound interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? Yield Return of investment Interest rate Rate of return Yield Return of investment Interest rate Rate of return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate. Currency appreciation Currency depreciation Currency float Currency devaluation Currency appreciation Currency depreciation Currency float Currency devaluation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All are classified under direct labor expenses EXCEPT one. Which one? Inspection cost Testing cost Assembly cost Supervision cost Inspection cost Testing cost Assembly cost Supervision cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ability to convert assets to cash quickly is known as ______. Insolvency Solvency Leverage Liquidity Insolvency Solvency Leverage Liquidity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______. Expected return Economic return Effective interest Nominal interest Expected return Economic return Effective interest Nominal interest ANSWER DOWNLOAD EXAMIANS APP
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