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 supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the amount of a product made available for sale? Good Supply Demand Product Good Supply Demand Product ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______. Share of stock Equity Dividend Return Share of stock Equity Dividend Return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Both architect and engineer make use of the cost estimate of the project: All of these For choosing alternatives For site selection For designing of the project All of these For choosing alternatives For site selection For designing of the project ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note. P18,900 P18,000 P19,100 P19,000 P18,900 P18,000 P19,100 P19,000 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate? 16.02 % 16.32 % 16.28 % 16.47 % 16.02 % 16.32 % 16.28 % 16.47 % ANSWER DOWNLOAD EXAMIANS APP
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