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Engineering Economics

Engineering Economics
What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

0.0816
0.0807
0.0812
0.0824

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Engineering Economics
An association of two or more persons for the purpose of engaging into a business for profit is called ______.

Partnership
Entrepreneurship
Proprietorship
Corporation

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Engineering Economics
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.?

Utility
Commodity
Necessity
Stock

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Engineering Economics
What is the simplest form of business organization?

Corporation
Sole proprietorship
Enterprise
Partnership

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Engineering Economics
The common ratio is the ratio of:

Gross profit to net sales
Net income to owner’s equity
Net credit sales to average net receivable
Current assets to current liabilities

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Engineering Economics
The construction estimate of a project is used by:

All of these
The contractor of the project
The consulting architect/engineer
The owner of the facility

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