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Engineering Economics

Engineering Economics
What market situation exists where there is only one buyer and only one seller?

Bilateral monopoly
Bilateral monopsony
Monopsony
Monopoly

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

Account book
Work book
Ledger
Journal

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Engineering Economics
The depletion allowance method of computing depletion is commonly known as ______.

Factor method
Unit method
Percentage method
Sinking fund method

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Engineering Economics
What are the two classifications of goods and services?

Ready-made and made-to-order
Raw and finished
Consumer and producer
Local and imported

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Engineering Economics
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called ______.

In-place value
Economic life
Sunk cost
Annuity

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Engineering Economics
Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following?

Cost per square metre method
Base unit method
Cost per linear metre method
Cost per function method

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