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Engineering Economics

Engineering Economics
One banker’s year is equivalent to ______ days.

360
300
366
365

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Engineering Economics
The alternatives which are standalone solutions for given situations in engineering involve:

The anticipated resalable value (salvage value) and the interest return (rate of return)
The anticipated life of the assets
All of these
A purchase cost (first cost)

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Engineering Economics
A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually.

0.1175
0.115
0.1232
0.1195

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Engineering Economics
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?

Goods
Services
Goods or commodities
Commodities

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Engineering Economics
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.?

Stock
Utility
Necessity
Commodity

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Engineering Economics
The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as

Probabilistic estimate
Conceptual estimate
Definitive estimate
None of these

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