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Engineering Economics

Engineering Economics
What is the term for an annuity with a fixed time span?

Ordinary annuity
Annuity certain
Annuity due
Perpetuity

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Engineering Economics
Under ordinary simple interest, how many days in one year?

360
365
300
366

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Engineering Economics
What refers to the claim of anyone to ownership?

Equity
Proprietorship
Liability
Assets

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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?

Producer products
Luxury
Necessity
Consumer products

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Engineering Economics
What is another term for “perfect competition”?

Heterogeneous market
No-limit competition
Atomistic competition
Free-for-all competition

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Engineering Economics
A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year?

P700.12
P705.42
P693.12
P702.15

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