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? Deflation Depreciation Inflation Depletion Deflation Depreciation Inflation Depletion 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 ______. Effective interest Expected return Economic return Nominal interest Effective interest Expected return Economic return Nominal interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the cost of borrowing money or the amount earned by a unit principal per unit time? Rate of interest Rate of return Economic return Yield rate Rate of interest Rate of return Economic return Yield rate ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The wages of supervisors and material handlers are charged as: None of these Indirect labour cost Over head Direct labour cost None of these Indirect labour cost Over head Direct labour cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the change in cost per unit variable change called? Variable cost Incremental cost Supplemental cost Fixed cost Variable cost Incremental cost Supplemental cost Fixed cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly? 0.0816 0.0807 0.0824 0.0812 0.0816 0.0807 0.0824 0.0812 ANSWER DOWNLOAD EXAMIANS APP
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