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

Goods
Commodities
Goods or commodities
Services

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Engineering Economics
Current ratio is:

(Current assets + loans advances)/Current liabilities
None of these
(Current assets + loans)/Current liabilities
Current assets/Current liabilities

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Engineering Economics
Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller.

50% of the fixed percentage of gross income or the net taxable income
50% of the fixed percentage of gross income or 50% of the net taxable income
Fixed percentage of gross income or the net taxable income
Fixed percentage of gross income or 50% of the net taxable income

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