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Engineering Economics

Engineering Economics
Cash money and credit necessary to establish and operate an enterprise are generally called ______.

Assets
Liabilities
Capital
Funds

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Engineering Economics
What refers to an imaginary cost representing what will not be received if a particular strategy is rejected?

Ghost cost
Null cost
Horizon cost
Opportunity cost

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Engineering Economics
What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn?

Interest rate
Time value of money
Yield
Present worth factor

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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?

P 62.44
P44.55
P37.56
P54.66

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Engineering Economics
Under ordinary simple interest, how many days in one year?

300
360
365
366

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Engineering Economics
What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security?

Market
Mall
Store
Office

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