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Engineering Economics

Engineering Economics
What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security?

Mall
Office
Market
Store

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Engineering Economics
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents?

Inflation
Depletion
Deflation
Depreciation

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

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

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Engineering Economics
A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries.

Security bond
Collateral trust bond
Joint bond
Mortgage bond

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

Supply
Demand
Good
Product

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Engineering Economics
If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

ni
(1 + ni)
(ni - 1)
None of these

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