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Engineering Economics

Engineering Economics
What refers to the need, want or desire for a product backed by the money to purchase it?

Good
Product
Supply
Demand

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Engineering Economics
What is the opposite of perfect competition?

Monopoly
Monopsony
Oligopsony
Oligopoly

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Engineering Economics
What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled?

Common stock
Authorized capital stock
Incorporator stock
Preferred stock

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Engineering Economics
The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______.

Currency depreciation
Currency devaluation
Currency float
Currency appreciation

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Engineering Economics
A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount?

0.0415
0.0425
0.04
0.0367

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Engineering Economics
Double taxation is a disadvantage of which business organization?

Partnership
Corporation
Sole proprietorship
Enterprise

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