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Engineering Economics

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
An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest.

0.1232
0.1208
0.1189
0.12

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Engineering Economics
What is another term for “unit method” for computing depletion?

Factor method
Sinking fund method
Initial cost method
Percentage method

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Engineering Economics
The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called ______.

Market value
Fair value
Book value
Good will value

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Engineering Economics
What is the simplest form of business organization?

Enterprise
Partnership
Corporation
Sole proprietorship

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Engineering Economics
What is an accounting term that represents an inventory account adjustment?

Overhead cost
Cost accounting
Standard cost
Cost of goods sold

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