Engineering Economics What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents? Depreciation Inflation Depletion Deflation Depreciation Inflation Depletion Deflation 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 Effective rate of interest Compound interest Nominal rate of interest Simple interest Effective rate of interest Compound interest Nominal rate of interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the element of the cost from the following: Direct material Direct labour Over head All of these Direct material Direct labour Over head All of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The depletion allowance method of computing depletion is commonly known as ______. Percentage method Factor method Sinking fund method Unit method Percentage method Factor method Sinking fund method Unit method 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? All of these Forced saving Compulsory saving Consumer saving All of these Forced saving Compulsory saving Consumer saving ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______. Equity Dividend Return Share of stock Equity Dividend Return Share of stock ANSWER DOWNLOAD EXAMIANS APP
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