Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Consumer products Producer products Luxury Necessity Consumer products Producer products Luxury Necessity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. 0.1931 0.1972 0.1944 0.1961 0.1931 0.1972 0.1944 0.1961 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “unit method” for computing depletion? Sinking fund method Percentage method Factor method Initial cost method Sinking fund method Percentage method Factor method Initial cost method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where 8% is the rate of interest per year Money is borrowed for n = 7 years Both (A) and (B) Neither (A) nor (B) 8% is the rate of interest per year Money is borrowed for n = 7 years Both (A) and (B) Neither (A) nor (B) ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities. Corporation Sole proprietorship Entrepreneurship Partnership Corporation Sole proprietorship Entrepreneurship Partnership ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want? Commodities Goods or commodities Services Goods Commodities Goods or commodities Services Goods ANSWER DOWNLOAD EXAMIANS APP
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