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Engineering Economics

Engineering Economics
What is the change in cost per unit variable change called?

Fixed cost
Variable cost
Supplemental cost
Incremental cost

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Engineering Economics
The construction estimate of a project is used by:

All of these
The contractor of the project
The consulting architect/engineer
The owner of the facility

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Engineering Economics
A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%.

P1,345.98
P1,945.64
P1,459.64
P1,549.64

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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?

Franchise value
Company value
Goodwill value
Going value

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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?

Compound interest
Simple interest
Nominal rate of interest
Effective rate of interest

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Engineering Economics
What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

0.0812
0.0807
0.0824
0.0816

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