Engineering Economics
What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties?

Market value
Book value
Fair value
Franchise value

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Engineering Economics
In a cash flow series:

Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period
All of these
The gradient in the cash flow may be positive or negative
Either an increase or decrease in the amount of a cash flow is called the gradient

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Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

Final analysis always involves the use of various financial statements i.e., balance sheet and income statement
All listed here
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
The income statement is the summary of revenues and expenses of a firm over a particular period of time

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