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Engineering Economics

Engineering Economics
What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

0.0824
0.0816
0.0812
0.0807

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Engineering Economics
What refers to an imaginary cost representing what will not be received if a particular strategy is rejected?

Ghost cost
Horizon cost
Null cost
Opportunity cost

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Engineering Economics
The construction manager uses the estimate of the project

To tell the owner of the project to take his/her financial decision
To develop bids on the project
All of these
To control the project during its construction

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Engineering Economics
One banker’s year is equivalent to ______ days.

366
300
360
365

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Engineering Economics
What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want?

Services
Commodities
Goods or commodities
Goods

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Engineering Economics
What refers to the need, want or desire for a product backed by the money to purchase it?

Good
Supply
Product
Demand

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