Engineering Economics What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? Necessity Consumer products Luxury Producer products Necessity Consumer products Luxury Producer products ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Gross margin is the ratio of the gross profit to ______. Quick assets Net sale Owner’s equity Inventory turnover Quick assets Net sale Owner’s equity Inventory turnover ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the market situation exist when there are many buyers and many sellers? Monopoly Oligopsony Oligopoly Perfect competition Monopoly Oligopsony Oligopoly Perfect competition ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.? Necessity Commodity Stock Utility Necessity Commodity Stock Utility ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? Assets = liability + owner’s equity Owner’s equity = assets + liability Owner’s equity = liability – assets Liability = assets + owners’ equity Assets = liability + owner’s equity Owner’s equity = assets + liability Owner’s equity = liability – assets Liability = assets + owners’ equity ANSWER DOWNLOAD EXAMIANS APP
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? 1.6 hours per unit 1.0 hour per unit 1.4 hours per unit 1.2 hours per unit 1.6 hours per unit 1.0 hour per unit 1.4 hours per unit 1.2 hours per unit ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS