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Engineering Economics

Engineering Economics
The original record of a business transaction is recorded in this book.

Account book
Journal
Ledger
Work book

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

Demand factor
Sinking fund factor
Present worth factor
Load factor

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Engineering Economics
What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties?

Market value
Franchise value
Fair value
Book value

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

Liabilities
Capital
Assets
Funds

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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
P19,100
P18,000
P19,000

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

Services
Commodities
Goods or commodities
Goods

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