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

Horizon cost
Null cost
Ghost cost
Opportunity cost

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Engineering Economics
Current ratio is:

(Current assets + loans advances)/Current liabilities
(Current assets + loans)/Current liabilities
Current assets/Current liabilities
None of these

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Engineering Economics
The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now?

12 months
13 months
10 months
11 months

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