Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of demand Law of supply Law of diminishing return Law of supply and demand Law of demand Law of supply Law of diminishing return Law of supply and demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Double taxation is a disadvantage of which business organization? Enterprise Corporation Sole proprietorship Partnership Enterprise Corporation Sole proprietorship Partnership ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a measure of the average speed with which accounts receivable are collected? Quick ratio Receivable turnover Current ratio Acid test ratio Quick ratio Receivable turnover Current ratio Acid test ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The functional depreciation is sometimes called ______. Demand depreciation Life depreciation Failure depreciation Adolescence Demand depreciation Life depreciation Failure depreciation Adolescence ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? P 6,922.93 P 6,999.39 P 6,222.39 P 6,292.93 P 6,922.93 P 6,999.39 P 6,222.39 P 6,292.93 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the correct reason for making conceptual (or preliminary) estimate from the following: To have a check on a definitive cost estimate All of these To check quotations from contractors and/or sub-contractors To compute target estimate for the owner while drawing and specifications are in initial stage To have a check on a definitive cost estimate All of these To check quotations from contractors and/or sub-contractors To compute target estimate for the owner while drawing and specifications are in initial stage ANSWER DOWNLOAD EXAMIANS APP
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