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 diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ratio of the net income before taxes to net sales is called ______. Price-earnings ratio Profit margin ratio Inventory turnover Current ratio Price-earnings ratio Profit margin ratio Inventory turnover Current ratio ANSWER DOWNLOAD EXAMIANS APP
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 Ghost cost Null cost Horizon cost Opportunity cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______. Fixed cost In-place value First cost Material cost Fixed cost In-place value First cost Material cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The common ratio is the ratio of: Net income to owner’s equity Gross profit to net sales Net credit sales to average net receivable Current assets to current liabilities Net income to owner’s equity Gross profit to net sales Net credit sales to average net receivable Current assets to current liabilities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the present worth of all the amount the bondholder will receive through his possession of the bond? Face value of bond Redeemed value of bond Value of bond Par value of bond Face value of bond Redeemed value of bond Value of bond Par value of bond ANSWER DOWNLOAD EXAMIANS APP
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