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Engineering Economics

Engineering Economics
What is a government bond which has an indefinite life rather than a specific maturity?

Debenture
T-bill
Consol
Coupon

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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 supply and demand
Law of supply
Law of demand
Law of diminishing return

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Engineering Economics
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.

8 years
7 eyars
9 years
10 years

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Engineering Economics
If there are many sellers and few buyers, the market situation is _________ .

Monopoly
Oligopsony
Duopsony
Oligopoly

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

365
300
360
366

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Engineering Economics
All the proceeds which are received by the business as a result of the sale of goods is called ______.

Net revenue
Net income
Total sales
Gross income

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