Engineering Economics What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for? Return Dividend Par value Equity Return Dividend Par value Equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? Consumer products Necessity Producer products Luxury Consumer products Necessity Producer products Luxury ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a secondary book of accounts, the information of which is obtained from the journal is called? Worksheet Trial balance Ledger Balanced sheet Worksheet Trial balance Ledger Balanced sheet ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand? 1.2 hours per unit 1.6 hours per unit 1.4 hours per unit 1.0 hour per unit 1.2 hours per unit 1.6 hours per unit 1.4 hours per unit 1.0 hour per unit ANSWER DOWNLOAD EXAMIANS APP
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 demand Law of diminishing return Law of supply Law of supply and demand Law of demand Law of diminishing return Law of supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? Straight line method Sum-of-year digit method Declining balance method Sinking fund method Straight line method Sum-of-year digit method Declining balance method Sinking fund method ANSWER DOWNLOAD EXAMIANS APP
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