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Engineering Economics

Engineering Economics
What refers to the claim of anyone to ownership?

Assets
Proprietorship
Equity
Liability

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Engineering Economics
What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?

Oligopoly
Oligopsony
Monopoly
Perfect competition

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Engineering Economics
What is the type of annuity where the payments are made at the beginning of the each period starting from the first period?

Ordinary annuity
Perpetuity
Annuity due
Deferred annuity

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Engineering Economics
A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand?

1.0 hour per unit
1.4 hours per unit
1.2 hours per unit
1.6 hours per unit

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Engineering Economics
What represents the share of participation in business organizations?

Partnership
Stock
Franchise
Corporation

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Engineering Economics
Aside from many sellers and many buyers, which one is a characteristic of perfect competition?

Free market entry and exit
Homogeneous product
All of these
Perfect information and absence of all economic friction

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MORE MCQ ON Engineering Economics

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