Engineering Economics What market situation exists where there is only one buyer and only one seller? Monopoly Bilateral monopoly Monopsony Bilateral monopsony Monopoly Bilateral monopoly Monopsony Bilateral monopsony ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following? Cost per linear metre method Cost per square metre method Base unit method Cost per function method Cost per linear metre method Cost per square metre method Base unit method Cost per function method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Buyer or consumer Producer Manufacturer Seller Buyer or consumer Producer Manufacturer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity that does not have a fixed time span but continues indefinitely or forever? Deferred annuity Ordinary annuity Annuity due Perpetuity Deferred annuity Ordinary annuity Annuity due Perpetuity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is used to record historical financial transactions? General journal system Ledger system Balance check Bookkeeping system General journal system Ledger system Balance check Bookkeeping system ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry? Unstable economy Rate of interest cannot be exactly determined The initial deprecation is high The initial depreciation is low Unstable economy Rate of interest cannot be exactly determined The initial deprecation is high The initial depreciation is low ANSWER DOWNLOAD EXAMIANS APP