ENGINEERING ECONOMICS QUIZ

Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest?

23.5 %

25.0 %

24.7 %

25.8 %

TRUE ANSWER : ?
YOUR ANSWER : ?

In a cash-flow diagram:

Time 0 is considered to be the present

Time 1 is considered to be the end of time period 1

A vertical arrow pointing up indicates a positive cash flow

All of these

TRUE ANSWER : ?
YOUR ANSWER : ?

The price at which the callable bond will be redeemed from the bondholder is called ______.

Call value

Par value

Redemption value

Face value

TRUE ANSWER : ?
YOUR ANSWER : ?

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

Probabilistic estimate

Conceptual estimate

None of these

Definitive estimate

TRUE ANSWER : ?
YOUR ANSWER : ?

The depletion allowance method of computing depletion is commonly known as ______.

Percentage method

Factor method

Sinking fund method

Unit method

TRUE ANSWER : ?
YOUR ANSWER : ?

What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?

Luxury

Producer products

Necessity

Consumer products

TRUE ANSWER : ?
YOUR ANSWER : ?

What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product?

Hoard stock

Stock pile

Buffer stock

Withheld stock

TRUE ANSWER : ?
YOUR ANSWER : ?

What is an accounting term that represents an inventory account adjustment?

Cost of goods sold

Cost accounting

Overhead cost

Standard cost

TRUE ANSWER : ?
YOUR ANSWER : ?

A mathematical expression also known as the present value of annuity of one is called ______.

Demand factor

Sinking fund factor

Load factor

Present worth factor

TRUE ANSWER : ?
YOUR ANSWER : ?

The declining balance method is also known as ______.

Constant percentage method

Modified SYD method

Modified sinking fund method

Double percentage method

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YOUR ANSWER : ?

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