Engineering Economics You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank? P54.66 P 62.44 P37.56 P44.55 P54.66 P 62.44 P37.56 P44.55 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______. Currency depreciation Currency appreciation Currency float Currency devaluation Currency depreciation Currency appreciation Currency float Currency devaluation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of supply and demand 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 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to an imaginary cost representing what will not be received if a particular strategy is rejected? Null cost Horizon cost Ghost cost Opportunity cost Null cost Horizon cost Ghost cost Opportunity cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The key to profitable operation for project cost control, is: To keep the project cost equal to original cost estimate To keep the project cost within the cost budget and knowing when and where job costs are deviating None of these To keep the project cost equal to subsequent construction budget To keep the project cost equal to original cost estimate To keep the project cost within the cost budget and knowing when and where job costs are deviating None of these To keep the project cost equal to subsequent construction budget ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ______. Amortization Annuity Annuity factor Capital recovery Amortization Annuity Annuity factor Capital recovery ANSWER DOWNLOAD EXAMIANS APP
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