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Engineering Economics

Engineering Economics
What market situation exists where there are few sellers and few buyers?

Oligopsony
Bilateral Oligopsony
Oligopoly
Bilateral oligopoly

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

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

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Engineering Economics
Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest?

0.235
0.258
0.25
0.247

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Engineering Economics
A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?

0.0914
0.0901
0.0941
0.0931

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Engineering Economics
Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence.

Organization
Partnership
Corporation
Property

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Engineering Economics
The original record of a business transaction is recorded in this book.

Work book
Account book
Journal
Ledger

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MORE MCQ ON Engineering Economics

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