Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Necessity Producer products Luxury Consumer products Necessity Producer products Luxury Consumer products ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Current assets less inventories divided by current liabilities is known as Current ratio Liquidity ratio Acid-Test (or Quick) ratio Debts ratio Current ratio Liquidity ratio Acid-Test (or Quick) ratio Debts ratio ANSWER DOWNLOAD EXAMIANS APP
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? Stock pile Hoard stock Withheld stock Buffer stock Stock pile Hoard stock Withheld stock Buffer stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Buyer or consumer Producer Manufacturer Seller Buyer or consumer Producer Manufacturer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Which one of the following questions is relevant to the construction estimates? Did the estimators use short cut methods which may be unrealistic in their situation How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost All of these Did the estimators precisely evaluate site conditions Did the estimators use short cut methods which may be unrealistic in their situation How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost All of these Did the estimators precisely evaluate site conditions ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? Straight line method Declining balance method Sinking fund method Sum-of-year digit method Straight line method Declining balance method Sinking fund method Sum-of-year digit method ANSWER DOWNLOAD EXAMIANS APP
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