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 supply and demand Law of supply Law of diminishing return Law of demand Law of supply and demand Law of supply Law of diminishing return Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment? Economic return Return of investment Rate of return Yield Economic return Return of investment Rate of return Yield ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What type of bond is issued jointly by two or more corporations? Tie-up bond Mortgage bond Joint bond Trust bond Tie-up bond Mortgage bond Joint bond Trust bond ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Producer products Consumer products Necessity Luxury Producer products Consumer products Necessity Luxury ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the simplest form of business organization? Corporation Partnership Enterprise Sole proprietorship Corporation Partnership Enterprise Sole proprietorship ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? Interest rate Return of investment Rate of return Yield Interest rate Return of investment Rate of return Yield ANSWER DOWNLOAD EXAMIANS APP
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