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Engineering Economics

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

Assets
Proprietorship
Liability
Equity

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Engineering Economics
What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save?

Forced saving
All of these
Compulsory saving
Consumer saving

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Engineering Economics
What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product?

Buffer stock
Withheld stock
Stock pile
Hoard stock

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Engineering Economics
Lands, buildings, plants and machineries are example of what type of asset?

Intangible asset
Trade investment asset
Current asset
Fixed asset

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

Opportunity cost
Ghost cost
Null cost
Horizon cost

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Engineering Economics
What is another term for “perfect competition”?

Heterogeneous market
No-limit competition
Atomistic competition
Free-for-all competition

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