Engineering Economics
What is the type of annuity where the payments are made at the beginning of the each period starting from the first period?

Perpetuity
Annuity due
Deferred annuity
Ordinary annuity

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Engineering Economics
Perfect monopoly exists only if:

the single vendor is the only one who has the permit to sell
the single vendor can prevent the entry of all other vendors in the market
the single vendor gets the absolute franchise of the product
the single vendor is the only one who has the knowledge of the product

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Engineering Economics
In case of bankruptcy of a partnership,

The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners nay sell stock to generate additional capital
The partners are not liable for the liabilities of the partnership
The partners personal assets are attached to the debt of the partnership

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