Engineering Economics What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market? Oligopsony Oligopoly Monopoly Perfect competition Oligopsony Oligopoly Monopoly Perfect competition ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? 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 Assets = liability + owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All the proceeds which are received by the business as a result of the sale of goods is called ______. Total sales Gross income Net income Net revenue Total sales Gross income Net income Net revenue ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The depletion allowance method of computing depletion is commonly known as ______. Factor method Unit method Sinking fund method Percentage method Factor method Unit method Sinking fund method Percentage method 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? 1.4 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 1.6 hours per unit 1.0 hour per unit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a market situation whereby there is only one buyer of an item for which there is no goods substitute? Monopoly Monopsony Oligopoly Oligopsony Monopoly Monopsony Oligopoly Oligopsony ANSWER DOWNLOAD EXAMIANS APP
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