Engineering Economics What is the basic accounting equation? Owner’s equity = assets + liability Assets = liability + owner’s equity Liability = assets + owners’ equity Owner’s equity = liability – assets Owner’s equity = assets + liability Assets = liability + owner’s equity Liability = assets + owners’ equity Owner’s equity = liability – assets ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country? Going value Goodwill value Company value Franchise value Going value Goodwill value Company value Franchise value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If there is only one seller and many buyers, the market situation is ________ . Duopsony Oligopoly Oligopsony Monopoly Duopsony Oligopoly Oligopsony Monopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Free market entry and exit All of these Perfect information and absence of all economic friction Homogeneous product Free market entry and exit All of these Perfect information and absence of all economic friction Homogeneous product ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a measure of the average speed with which accounts receivable are collected? Receivable turnover Quick ratio Current ratio Acid test ratio Receivable turnover Quick ratio Current ratio Acid test ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the increase in the money value of a capital asset is called? Capital expenditure Profit Capital gain Capital stock Capital expenditure Profit Capital gain Capital stock ANSWER DOWNLOAD EXAMIANS APP
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