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Engineering Economics

Engineering Economics
What is the increase in the money value of a capital asset is called?

Profit
Capital stock
Capital gain
Capital expenditure

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Engineering Economics
What is used to record historical financial transactions?

Balance check
General journal system
Bookkeeping system
Ledger system

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Engineering Economics
Both architect and engineer make use of the cost estimate of the project:

For site selection
All of these
For choosing alternatives
For designing of the project

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Engineering Economics
What is an accounting term that represents an inventory account adjustment?

Cost of goods sold
Overhead cost
Standard cost
Cost accounting

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Engineering Economics
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?

Luxury
Producer products
Consumer products
Necessity

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Engineering Economics
The functional depreciation is sometimes called ______.

Failure depreciation
Life depreciation
Adolescence
Demand depreciation

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